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*CONVERSION OF A SHARE INTO R SHARE: STO

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HEX HELSINKI     SECURITIES EXCHANGE   RELEASE 232/2003
                 SHARES                15 September 2003


CONVERSION OF A SHARE INTO R SHARE: STORA ENSO OYJ

A total of 21 841 converted A shares of Stora Enso Oyj
into R shares will be traded together with the R shares
of Stora Enso Oyj as of 16 September 2003.

Identifiers of Stora Enso Oyj's A and B share 16
September 2003:

Trading code:                        STEAV
ISIN code:                           FI0009005953
Number of shares:                    182 149 326


Trading code:                        STERV
ISIN code:                           FI0009005961
Number of shares:                    682 038 173


HELSINKI EXCHANGES
Pekka Peiponen

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