*CONVERSION OF A SHARE INTO R SHARE: STO

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HEX HELSINKI     CASH MARKET           RELEASE 295/2004
                 SHARES                16 August 2004

CONVERSION OF A SHARE INTO R SHARE: STORA ENSO OYJ

A total of 477 A shares converted into R shares of Stora
Enso Oyj will be traded together with the R shares of
Stora Enso Oyj as of 17 August 2004.

Identifiers of Stora Enso Oyj's A and R share:

Trading code:                        STEAV
ISIN code:                           FI0009005953
Number of shares:                    180 060 294


Trading code:                        STERV
ISIN code:                           FI0009005961
Number of shares:                    657 183 105


HELSINKI EXCHANGES
Janne Seppänen

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