SOURCE: Stora Enso Oyj

July 16, 2007 04:08 ET

Stora Enso shares converted and North American stock options exercised

HELSINKI, FINLAND--(Marketwire - July 16, 2007) -


HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that during the 1-30 June 2007 conversion period there was one conversion and a total of 284 857 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 16 July 2007, and trading in the new R shares will start on 17 July 2007.

Breakdown of shares after conversion:

+------------------------+
| A shares | 177 817 810 |
|----------+-------------|
| R shares | 611 720 689 |
|----------+-------------|
| 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 June 2007 a total of 1 410 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 | 938 522 |
+--------------------+



For further information, please contact: Tim Laatsch, Senior Vice President, Communications, Stora Enso North America, tel. 715 422 4023

www.storaenso.com

www.storaenso.com/investors





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