Announcement with reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act

STORA ENSO OYJ STOCK EXCHANGE RELEASE 22 October 2008 at 14.30 GMT              

Stora Enso Oyj today received the following notification with reference to      
Chapter 2, paragraph 9 of the Finnish Securities Markets Act:                   

The Finnish State and Solidium Oy give notice of a transaction as a result of   
which the shareholding of the Finnish State would decrease below and the        
shareholding of Solidium Oy would exceed the shareholding limits defined in     
Chapter 2, paragraph 9 of the Finnish Securities Markets Act. The Council of    
State has decided to propose to Parliament that the shares in Stora Enso Oyj    
owned by the Finnish State be transferred to Solidium Oy, wholly owned by the   
State. The transaction will be implemented if Parliament approves this proposal 
by the Council of State.                                                        

With reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act,
Stora Enso Oyj is reporting that the shareholding of Solidium Oy will be as     
follows if the transaction is implemented:                                      

--------------------------------------------------------------------------------
|               |     A share |        R share |       % of shares |      % of |
|               |             |                |                   |     votes |
--------------------------------------------------------------------------------
| Solidium Oy   |  55 595 937 |     41 483 501 |              12.3 |      25.1 |
--------------------------------------------------------------------------------

The holding of Solidium Oy has been calculated according to the share capital   
registered on 15 September 2008.                                                

For further information, please contact:                                        
Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial          
Communications,                                                                 
tel. +358 40 763 8767                                                           

www.storaenso.com                                                               
www.storaenso.com/investors                                                     

STORA ENSO OYJ                                                                  


Jari Suvanto 			Ulla Paajanen-Sainio

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