Franklin Resources, Inc. has increased i

STORA ENSO OYJ  Stock Exchange Announcement 24 February 2004 at 09.00

Franklin Resources, Inc. has increased its shareholding in Stora 

Stora Enso Oyj was informed on 20 February 2004 that the shares 
in the Company held by the mutual funds of Franklin Resources, 
Inc. had exceeded 5% of the paid-up share capital on 17 February 

With reference to Chapter 2, paragraph 10 of the Finnish 
Securities Markets Act and the relevant decision of the Finnish 
Ministry of Finance, Stora Enso Oyj is reporting that as of 17 
February 2004 the shareholding of mutual funds of Franklin 
Resources, Inc. is as follows:

Franklin Resources, 
		Number of shares	% of shares	% of votes

Series R shares	   45 391 907		5.25		1.82

In addition, voting rights held by affiliated advisers of 
Franklin Resources, Inc. under account management agreements 
equal to 0.91% of the total voting rights.

The holding of Franklin Resources, Inc. has been calculated 
according to the share capital registered on 17 February 2004.

For further information, please contact:
Keith Russell, Senior Vice President, Investor Relations, tel. 
+44 20 7016 3146
Ulla Paajanen-Sainio, Vice President, Investor Relations and 
Financial Communications, 
tel. +358 2046 21242


p.p.  Jussi Siitonen   Jukka Marttila