*CONVERSION OF A SHARE INTO R SHARE: STO

HEX HELSINKI     SECURITIES EXCHANGE   RELEASE 192/2003
                 SHARES                15 July 2003

CONVERSION OF A SHARE INTO R SHARE: STORA ENSO OYJ

A total of 1 400 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 July 2003.

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

Trading code:                        STEAV
ISIN code:                           FI0009005953
Number of shares:                    182 205 367


Trading code:                        STERV
ISIN code:                           FI0009005961
Number of shares:                    681 982 132


HELSINKI EXCHANGES
Pekka Peiponen


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