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Stora Enso share capital and North American stock options

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STORA ENSO OYJ  Stock Exchange Announcement 31 March 2005 at 11.00


Stora Enso share capital and North American stock options

Reduction in Stora Enso share capital

Stora Enso share capital has been reduced through the 
cancellation of Stora Enso shares held by the Company, as 
decided by the AGM on 22 March 2005. The share capital was 
reduced by EUR 41 252 710 through the cancellation of 16 300 
Series A shares and 24 250 000 Series R shares. The new share 
capital is EUR 1 382 061 068.30. The reduction in share capital 
was registered in the Finnish Trade Register on 31 March 2005.

Breakdown of shares after cancellation:

A shares  179 030 345
R shares  633 946 754
Total  812 977 099


Stora Enso North America Option Programme

Following the acquisition of Consolidated Papers, Inc. the Board 
of Directors decided to convert the Consolidated Papers’ share 
option plans into Stora Enso share option plans. During February 
and March 2005 a total of 7 159 R shares were subscribed against 
North American stock options. These R shares were previously 
held by the Company. 

After the subscription the Company holds: 

A shares  -
R shares  1 420 624


For further information, please contact:

Ulla Paajanen-Sainio, Vice President, Investor Relations and 
Financial Communications, tel. +358 2046 21242

STORA ENSO OYJ



Ulla Paajanen-Sainio     Jyrki Kurkinen

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