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

STORA ENSO OYJ MAJOR SHAREHOLDER ANNOUNCEMENT 27 April 2016 at 09.00 EET

Stora Enso Oyj received on 26 April 2016 a notification under the Chapter 9, Section 10 of the Securities Markets Act, according to which the holdings of Norges Bank (The Central bank of Norway) in Stora Enso’s shares including holding through financial instruments fell below the threshold of 5% on 25 April 2016.

Total positions of Norges Bank 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 Shares: 1.06%
  Voting: 0.35%
Shares: 3.09%
  Voting: 1.02%
Shares: 4.15%
  Voting: 1.37%
788 619 987 shares237 718 379 voting rights
Position of previous   notification (if applicable) Shares: 4.91%
  Voting: 1.63%
Shares: 0.13%Voting: 0.04% Shares: 5.04%Voting: 1.67%

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  8 346 431 1.06%
SUBTOTAL A   8 346 431 1.06%

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 
Shares on loan (right to   recall) N/A At any time N/A 24 346 746 3.09%
SUBTOTAL B  24 346 746 3.09%

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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