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Stora Enso shares converted and North American stock options exercised

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During the 1-31 October 2007 conversion period there were three conversions and 
a total of 324 175 A shares were converted into R shares. The shares were       
recorded in the Finnish trade register today, 15 November 2007, and trading in  
the new R shares will start on 16 November 2007.                                
                                                                                 

Breakdown of shares after conversion:                                           
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| A shares                           |                             177 490 235 |
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| R shares                           |                             612 048 264 |
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| Total                              |                             789 538 499 |
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Stora Enso North America Option Programme                                       

Following the acquisition of Consolidated Papers, Inc. the Board of Directors   
decided to convert the Consolidated Papers' share option plans into Stora Enso  
share option plans. During October 2007 a total of 3 410 R shares were          
subscribed against North American stock options. These R shares were previously 
held by the Company.                                                            

After the subscription the Company holds:                                       
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| A shares                           |                                       - |
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| R shares                           |                                 931 258 |
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For further information, please contact:                                        
Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial          
Communications,                                                                 
tel. +358 2046 21242                                                            

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


STORA ENSO OYJ                                                                  


p.p. 	Jyrki Kurkinen		Ulla Paajanen-Sainio

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