Stora Enso shares converted

STORA ENSO OYJ STOCK EXCHANGE RELEASE 15 December 2010 at 09.00 EET

During the 1–30 November 2010 conversion period there was one conversion and a total of 300 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 December 2010, and trading in the new R shares will start on 16 December 2010.

Breakdown of shares after conversion:

Each A share and each ten R shares carry one vote. The total amount of votes after conversion is 238 388 656.

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

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

Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.

STORA ENSO OYJ