Stora Enso shares converted and North American stock options exercised

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STORA ENSO OYJ  Stock Exchange Announcement 16 February 2005 at 10.15

Stora Enso shares converted and North American stock options 
exercised

Conversion of A shares into R shares

During the 1 January–3 February 2005 conversion period there 
were three conversions and a total of 1 764 A shares were 
converted into R shares. The shares were recorded in the Finnish 
trade register today, 16 February 2005, and trading in the new 
R shares will start on 17 February 2005.

Breakdown of shares after conversion:

A shares   179 046 645
R shares   658 196 754
Total   837 243 399


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. In January 2005 
a total of 10 348 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   12 300
R shares   19 930 783



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      Veli-Matti Tahvanainen




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