Stora Enso shares converted and North American stock options exercised

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STORA ENSO OYJ Stock Exchange Announcement 15.11.2005 at 11.00

Stora Enso shares converted and North American stock options 
exercised


During the 1–31 October 2005 conversion period there were two 
conversions and a total of 83 A shares were converted into 
R shares. The shares were recorded in the Finnish trade register 
today, 15 November 2005, and trading in the new R shares will 
start on 16 November 2005.

Breakdown of shares after conversion:

A shares   178 161 758
R shares   634 815 341
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 October 
2005 a total of 1 223 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   38 600
R shares   24 375 688


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




STORA ENSO OYJ



p.p.	Jussi Siitonen	Jukka Marttila

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