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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 July 2005 at 11.00


Stora Enso shares converted and North American stock options 
exercised


During the 1 – 30 June 2005 conversion period there were six 
conversions and a total of 296 955 A shares were converted into 
R shares. The shares were recorded in the Finnish trade register 
today, 15 July 2005, and trading in the new R shares will start 
on 18 July 2005.

Breakdown of shares after conversion:
A shares	178 321 841
R shares	634 655 258
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 June 
2005 a total of 704 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	35 600
R shares	22 010 480



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

STORA ENSO OYJ



p.p.	Anu Vesmanen		Jussi Siitonen

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