*CONVERSION OF A SHARE INTO R SHARE: STO

HEX HELSINKI     SECURITIES EXCHANGE   RELEASE 51/2004
                 SHARES                16 FEBRUARY 2004

CONVERSION OF A SHARE INTO R SHARE: STORA ENSO OYJ

A total of 10 341 converted A shares of Stora Enso Oyj
into R shares will be traded together with the R shares of
Stora Enso Oyj as of 17 February 2004.

Identifiers of Stora Enso Oyj's A and R share:

Trading code:                        STEAV
ISIN code:                           FI0009005953
Number of shares:                    181 172 833


Trading code:                        STERV
ISIN code:                           FI0009005961
Number of shares:                    683 311 666


HELSINKI EXCHANGES
Mikko Timonen

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