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Stora Enso shares converted and North American stock options exercised

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STORA ENSO OYJ  Stock Exchange Announcement 15 November 2006 at 11.00


Stora Enso shares converted and North American stock options 
exercised


During the 1–31 October 2006 conversion period there was one 
conversion and a total of 950 A shares were converted into 
R shares. The shares were recorded in the Finnish trade register 
today, 15 November 2006, and trading in the new R shares will 
start on 16 November 2006.

Breakdown of shares after conversion:
A shares	178 103 117
R shares	611 435 382
Total		789 538 499


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 October 
2006 a total of 1 889 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	952 940


For further information, please contact:
Ulla Paajanen-Sainio, Vice President, Investor Relations and 
Financial Communications, tel. +358 2046 21242

www.storaenso.com
www.storaenso.com/investors


STORA ENSO OYJ



p.p.	Jussi Siitonen		Jukka Marttila

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