Announcement with reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act
STORA ENSO OYJ STOCK EXCHANGE RELEASE 22 October 2008 at 14.30 GMT
Stora Enso Oyj today received the following notification with reference to Chapter 2, paragraph 9 of the Finnish Securities Markets Act: The Finnish State and Solidium Oy give notice of a transaction as a result of which the shareholding of the Finnish State would decrease below and the shareholding of Solidium Oy would exceed the shareholding limits defined in Chapter 2, paragraph 9 of the Finnish Securities Markets Act. The Council of State has decided to propose to Parliament that the shares in Stora Enso Oyj owned by the Finnish State be transferred to Solidium Oy, wholly owned by the State. The transaction will be implemented if Parliament approves this proposal by the Council of State. With reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act, Stora Enso Oyj is reporting that the shareholding of Solidium Oy will be as follows if the transaction is implemented: -------------------------------------------------------------------------------- | | A share | R share | % of shares | % of | | | | | | votes | -------------------------------------------------------------------------------- | Solidium Oy | 55 595 937 | 41 483 501 | 12.3 | 25.1 | -------------------------------------------------------------------------------- The holding of Solidium Oy has been calculated according to the share capital registered on 15 September 2008. For further information, please contact: Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial Communications, tel. +358 40 763 8767 www.storaenso.com www.storaenso.com/investors STORA ENSO OYJ Jari Suvanto Ulla Paajanen-Sainio