09 July 2008
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14 December 2007

Stora Enso shares converted and North American stock options exercised

Stora Enso Oyj Stock Exchange Release 14 December 2007 at 07.00 GMT
 
During the 1-30 November 2007 conversion period there were two conversions and a total of 11 202 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 14 December 2007, and trading in the new R shares will start on 17 December 2007.
                            
Breakdown of shares after conversion:

177 479 033
R shares
612 059 466
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 November 2007 a total of 4 352 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
926 906
 
 
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