Stora Enso: Announcement with a reference to Chapter 9, paragraph 10 of the Finnish Securities Markets Act

STORA ENSO OYJ MAJOR SHAREHOLDER ANNOUNCEMENT 29 June 2016 at 14.15 EET

Stora Enso Oyj received on 28 June 2016 a notification under the Chapter 9, Section 10 of the Securities Markets Act, according to which the holdings of BlackRock Inc.'s in Stora Enso’s shares including holding through financial instruments fell below the threshold of 5% on 27 June 2016.

Total positions of BlackRock, Inc. and its funds according to the notification:

% of shares and voting rights   (total of A)   % of shares and voting rights   through financial instruments (total of B)   Total of both in % (A + B)   Total number of shares and   voting rights of issuer
Resulting situation on the   date on which threshold was crossed or reached Below 5% shares
Below 5% voting rights
Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights 788 619 987 shares
237 718 379 voting rights
Position of previous   notification (if applicable) 4.14% shares
Below 5% voting rights
0.89% shares
Below 5% voting rights
5.03% shares Below 5% voting rights

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

Class/type of shares   Number of shares and voting   rights   Number of shares and voting   rights   % of shares and voting rights   % of shares and voting rights  
ISIN code (if possible) Direct   (SMA 9:5) Indirect   (SMA 9:6 and 9:7) Direct   (SMA 9:5) Indirect   (SMA 9:6 and 9:7
FI0009005961 Below 5% shares Below 5% voting rights Below 5% shares
Below 5% voting rights
SUBTOTAL A   Below 5% shares Below 5% voting rights Below 5% shares
Below 5% voting rights

B: Financial Instruments according to SMA 9:6a  

Type of financial instrument   Expiration date   Exercise/
  Conversion period
 
Physical or cash settlement   Number of shares and voting rights   % of shares and voting rights  
Securities Lent N/A N/A Physical Below 5% shares
Below 5% voting rights
Below 5% shares Below 5% voting rights
CFD N/A N/A Cash Below 5% shares
Below 5% voting rights
Below 5% shares Below 5% voting rights
SUBTOTAL B   Below 5% shares
Below 5% voting rights
Below 5% shares Below 5% voting rights

Full chain of controlled undertakings through which the voting rights and financial instruments are effectively held starting with the ultimate controlling natural person or legal entity is presented in the enclosed Annex.

For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. storaenso.com  

STORA ENSO OYJ

For further information, please contact:
Ulla Paajanen-Sainio
SVP, Investor Relations
tel. +358 2046 21242

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