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*STORA ENSO OYJ :CONVERSION OF A SHARE

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EXCHANGE NOTICE 338/2004, 15 September 2004  SHARES


STORA ENSO OYJ :CONVERSION OF A SHARE INTO R SHARE 

A total of 1 000 100 A shares converted into R shares of
Stora Enso Oyj will be traded together with the R shares
of Stora Enso Oyj as of 16 September 2004.

Identifiers of Stora Enso Oyj's A and R share:

Trading code:                        STEAV
ISIN code:                           FI0009005953
Number of shares:                    179 060 194


Trading code:                        STERV
ISIN code:                           FI0009005961
Number of shares:                    658 183 205


HELSINKI STOCK EXCHANGE
Janne Seppänen
Vice President Surveillance Finland

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