Stora Enso: Announcement with a reference to Chapter 9, Section 10 of the Finnish Securities Markets Act
STORA ENSO OYJ MAJOR SHAREHOLDER ANNOUNCEMENT 21 March 2016 at 9.00 EET
Stora Enso Oyj received on 18 March 2016 a notification under the Chapter 9, Section 10 of the Securities Markets Act, according to which the indirect holdings of BlackRock Inc. and its funds in Stora Enso’s shares have increased over the threshold of 5% on 17 March 2016.
Total positions of BlackRock, Inc. and its funds according to the notification:
| % of shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of B) | Total of both in % (A + B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 4.14% sharesBelow 5% voting rights | 0.89% sharesBelow 5% voting rights | 5.03% sharesBelow 5% voting rights | 788,619,987 shares237,718,379 voting rights |
| Position of previous notification (if applicable) | Below 5% sharesBelow 5% voting rights | Below 5% sharesBelow 5% voting rights | Below 5% sharesBelow 5% voting rights |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Class/type of shares | Number of shares and voting rights | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| ISIN code (if possible) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| FI0009005961 | 32,687,580 sharesBelow 5% voting rights | 4.14% sharesBelow 5% voting rights | ||
| SUBTOTAL A | 32,687,580 sharesBelow 5% voting rights | 4.14% sharesBelow 5% voting rights |
B: Financial Instruments according to SMA 9:6a
| Type of financial instrument | Expiration date | Exercise/ Conversion period |
Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Securities Lent | N/A | N/A | Physical | 4,513,250 sharesBelow 5% voting rights | 0.57% sharesBelow 5% voting rights |
| CFD | N/A | N/A | Cash | 2,477,910 sharesBelow 5% voting rights | 0.31% sharesBelow 5% voting rights |
| Total Return SWAP | 22 June 2016 | N/A | Cash | 67,000 sharesBelow 5% voting rights | 0.00% sharesBelow 5% voting rights |
| SUBTOTAL B | 7,058,160 sharesBelow 5% voting rights | 0.89% sharesBelow 5% voting rights |
For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. storaenso.com
STORA ENSO OYJ
For further information, please contact:
Ulla Paajanen-Sainio
SVP, Investor Relations
tel. +358 2046 21242
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. storaenso.com