Ownership distribution in Stora Enso 

Ownership distribution,
30 September 2008
% of shares Change % of shares % of votes Change % of votes

Finnish institutions

12.1

-4.3

20.8

-0.7

Finnish state

12.3

0.0

25.1

0.0

Finnish private shareholders

1.8

-3.2

1.6

-3.1

Swedish institutions

12.4

6.1

30.5

0.9

Swedish private shareholders

3.2

-0.9

2.6

-0.7

ADR holders

12.7

1.0

4.2

1.0

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

45.4

-0.5

15.3

-0.8

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 June 2008).