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Stora Enso shares converted and North American stock options exercised

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STORA ENSO OYJ Stock Exchange Announcement 16 May 2005 at 11.30


Stora Enso shares converted and North American stock options 
exercised


During the 1–29 April 2005 conversion period there were three 
conversions and a total of 400 709 A shares were converted into 
R shares. The shares were recorded in the Finnish trade register 
today, 16 May 2005, and trading in the new R shares will start 
on 17 May 2005.

Breakdown of shares after conversion:
A shares  178 619 536
R shares  634 357 563
Total  812 977 099


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 April 
2005 a total of 721 R shares were subscribed against North 
American stock options. These R shares were previously held by 
the Company. 

After the subscription the Company holds: 
A shares  19 400
R shares  14 172 603


For further information, please contact:
Ulla Paajanen-Sainio, Vice President, Investor Relations and 
Financial Communications, tel. +358 2046 21242



STORA ENSO OYJ


p.p.  Jussi Siitonen 		Jukka Marttila

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