*CONVERSION OF A SHARE INTO R SHARE: STO

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HEX HELSINKI     SECURITIES EXCHANGE   RELEASE 165/2003
                 SHARES                16 June 2003

CONVERSION OF A SHARE INTO R SHARE: STORA ENSO OYJ

A total of 16 118 converted A shares of Stora Enso Oyj
into R shares will be traded together with the R shares
of Stora Enso Oyj as of 17 June 2003.

Identifiers of Stora Enso Oyj's A and B share 17 June
2003:

Trading code:                        STEAV
ISIN code:                           FI0009005953
Number of shares:                    182 206 767


Trading code:                        STERV
ISIN code:                           FI0009005961
Number of shares:                    681 980 732


HELSINKI EXCHANGES
Pekka Peiponen

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