Varma?s percentage of Stora Enso votes has increased

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STORA ENSO OYJ Stock Exchange Announcement at 31 March 2006 at 14.15

Varma’s percentage of Stora Enso votes has increased

Stora Enso Oyj was informed on 31 March 2006 that the percentage 
of Stora Enso votes held by Varma Mutual Pension Insurance 
Company increased to over 5% as of 31 March 2006, as a result of 
the reduction in the share capital of Stora Enso Oyj.

With reference to Chapter 2, Paragraph 10 of the Finnish 
Securities Markets Act, Stora Enso Oyj is reporting that as of 
31 March 2006 the shareholding of the Varma Mutual Pension 
Insurance Company is as follows:

No. of Series A shares	11 972 117
No. of Series R shares	140 874
No. of votes	12 112 991
% of shares	1.54 %
% of votes	5.01 %

The holding of the Varma Mutual Pension Insurance Company has 
been calculated according to the share capital registered on 31 
March 2006.



For further information, please contact:
Ulla Paajanen-Sainio, VP, IR 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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