Stora Enso reports total 250 A shares converted to R shares during October, trading in new R shares to begin Nov. 16

HELSINKI , November 15, 2011 (press release) – During the 1-31 October 2011 conversion period there was one conversion and a total of 250 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 November 2011, and trading in the new R shares will start on 16 November 2011.

Breakdown of shares after conversion:

A shares 177 148 772
R shares 612 389 727
Total 789 538 499

Each A share and each ten R shares carry one vote. The total amount of votes after conversion is 238 387 969.

Stora Enso is the global rethinker of the packaging, paper and wood products industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 30 000 people worldwide, and our sales in 2010 amounted to EUR 10.3 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.

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