*CONVERSION OF A SHARE INTO R SHARE: STO

HEX HELSINKI     SECURITIES EXCHANGE   RELEASE 207/2003
                 SHARES                15 August 2003

CONVERSION OF A SHARE INTO R SHARE: STORA ENSO OYJ

A total of 34 200 converted A shares of Stora Enso Oyj
into R shares will be traded together with the R shares
of Stora Enso Oyj as of 18 August 2003.

Identifiers of Stora Enso Oyj's A and B share 18 August
2003:

Trading code:                        STEAV
ISIN code:                           FI0009005953
Number of shares:                    182 171 167


Trading code:                        STERV
ISIN code:                           FI0009005961
Number of shares:                    682 016 332

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