Ownership distribution in Stora Enso 

Ownership distribution,
31 December 2009
% of shares Change % of shares % of votes Change % of votes

Finnish institutions

16.7

-3.4

22.3

-1.0

Solidium Oy *)

12.3

-

25.1

-

Finnish private shareholders

2.7

6.7

2.0

2.4

Swedish institutions

13.7

-2.8

30.7

-0.5

Swedish private shareholders

4.2

8.8

3.1

4.6

ADR holders

5.7

-22.5

1.9

-22.5

Under nominee names
(non-Finnish/non-Swedish shareholders)

44.6

5.0

15.0

5.3

*) Entirely owned by the Finnish State

The change % of shares and votes refers to the percentual change in the number of shares owned or the number of votes, compared to the end of the previous quarter (30 September 2009).