Shares and shareholders

Stora Enso Oyj shares are listed on the Nasdaq Helsinki Oy and Nasdaq Stockholm AB, and are divided into A and R shares.

All shares entitle holders to an equal dividend but different voting rights, with each A share and each ten R shares representing one vote at the Annual General Meeting (AGM).

Stora Enso shares are quoted in Euros (EUR) in Helsinki and in Swedish crown (SEK) in Stockholm. Shares are registered in Euroclear Finland and Euroclear Sweden and the ADRs in Citibank, N.A.

For changes in ownership according to the Finnish Securities Markets Act, please send an e-mail to ulla.paajanen@storaenso.com or hanne.karrinaho@storaenso.com.

Conversion guide Shareholders and ownership changes

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Please note: Shares registered in Euroclear Sweden (STE R shares) and ADRs are both nominee registered in Euroclear Finland and thus included in the number of STERV in the table above. For total number of Stora Enso R and A shares, please see table below.

Share information

Number of shares as of 15 October 2021
A share	176 248 123
R share	612 371 864
Total number of shares	788 619 987
Total number of votes	237 485 309
Share capital 31 March 2006	EUR 1 342 million

Breakdown of shares	A share	R share	Total
Conversion of A shares into R shares 1 January-31 January	-850	850
14 February 2020	176 255 984	612 364 003	788 619 987
Conversion of A shares into R shares 1 February-31 March	-400	400
14 April 2020	176 255 584	612 364 403	788 619 987
Conversion of A shares into R shares 1 - 30 April 2020	-500	500
15 May 2020	176 255 084	612 364 903	788 619 987
Conversion of A shares into R shares 1 - 31 August 2020	-311	311
15 September 2020	176 254 773	612 365 214	788 619 987
Conversion of A shares into R shares 1 - 30 September 2020	-150	150
15 October 2020	176 254 623	612 365 364	788 619 987
Conversion of A shares into R shares 1 - 31 October 2020	-200	200
16 November 2020	176 254 423	612 365 564	788 619 987
Conversion of A shares into R shares 1 - 30 November 2020	-8	8
15 December 2020	176 254 415	612 365 572	788 619 987
Conversion of A shares into R shares 1 - 31 January 2021	-100	100
15 February 2021	176 254 315	612 365 672	788 619 987
Conversion of A shares into R shares 1 February - 31 March 2021	-2 330	2 330
15 April 2021	176 251 985	612 368 002	788 619 987
Conversion of A shares into R shares 1 - 30 April 2021	-1 190	1 190
14 May 2021	176 250 795	612 369 192	788 619 987
Conversion of A shares into R shares 1 - 31 May 2021	-325	325
15 June 2021	176 250 470	612 369 517	788 619 987
Conversion of A shares into R shares 1 - 30 June 2021	-228	228
15 July 2021	176 250 242	612 369 745	788 619 987
Conversion of A shares into R shares 1 July - 31 July 2021	-400	400
16 August 2021	176 249 842	612 370 145	788 619 987
Conversion of A shares into R shares 1 August - 31 August 2021	-1 209	1 209
15 September 2021	176 248 633	612 371 354	788 619 987
Conversion of A shares into R shares 1 September - 30 September 2021	-510	510
15 October 2021	176 248 123	612 371 864	788 619 987

Registered share capital is (since 31 March 2006): EUR 1 342 215 448.30

Stora Enso's shares

	Helsinki	Stockholm	OTC
A share	STEAV	STE A	-
R share	STERV	STE R	-
ADRs	-	-	SEOAY
Currency	EUR	SEK	USD

German stock quotations (Freiverkehr)

	Symbol	CUSIO number	Place of listing
A share	ENUA	870 734	Berlin, Munich
R share	ENUR	871 004	Berlin, Frankfurt, Stuttgart, Munich, Düsseldorf

Dividends

Our Dividend Policy promotes the payment of stable dividends linked to our long-term performance and to distribute 50% of earnings per share (EPS) excluding fair valuation over the financial cycle.

Dividend in 2021

Stora Enso Oyj's Annual General Meeting 2021 (AGM) was held on Friday 19 March 2021. The AGM approved the proposal by the Board of Directors that the Company shall distribute a dividend of EUR 0.30 per share for the year 2020.

Record date for dividend: 23 March 2021
Dividend payment: 30 March 2021

Exchange rates for the dividend paid on 30 March 2021 were 10.1484 for SEK and 1.1712 for USD.

Dividend history

American depositary receipts - ADRs

Stora Enso’s shares are traded in the USA as American Depositary Receipts (ADRs). The ratio between Stora Enso ADRs and R shares is 1:1, i.e. one ADR represents one Stora Enso R share.

Citibank, N.A. (Citi) acts as depositary bank for Stora Enso's ADR programme. The trading symbol is SEOAY and the CUSIP is 86210M106.

Additional ADR info

Citibank ADR broker services desks
New York Tel +1 212 723 5435
London +44 207 500 2030

Citibank Shareholder Services
Computershare
P.O. Box 43077
Providence, Rhode Island 02940-3077
Email: citibank@shareholders-online.com
Toll-free number: (877)-CITI-ADR
Direct dial: (781) 575-4555

Stora Enso share buy-backs

The Annual General Meeting 2019 authorized the Board of Directors to decide on the repurchase of Stora Enso R shares until 31 July 2020. Read the full decision in Annual General Meeting 2019 minutes.

Share buy-back history

Old share certificates

Stora Enso’s and its predecessors (e.g. Enso-Gutzeit) physical, paper format shares have had no financial value since 14 June 2012.

Old Stora Enso and its predecessors (e.g. Enso-Gutzeit) physical, paper share certificates have not been in use since the shares were transferred to the book-entry system, but have been held in a joint book entry account. In 2001, Stora Enso’s Annual General Meeting approved the sale of Stora Enso shares that were not transferred to the book-entry system on behalf of their owners. On 5 June 2002, Stora Enso sold the shares (in total 7 121 series A and 23 100 series R shares) which were not transferred to the book-entry system by that date.

The owners or other holders of rights over the shares that were in this joint book-entry account were entitled to claim an amount proportional to their shares from the sale. The amount was paid from the net sale proceeds deposited with the Provincial State Office of Southern Finland against share certificates or any other title documents. The right to claim from the deposited funds expired after ten years in 14 June 2012.

Share history

Stora Enso Oyj is a global paper, packaging and wood products company, with shares listed on Nasdaq Helsinki and Nasdaq Stockholm, and traded in the USA as ADRs. Stora Enso was formed through the merger of Finnish Enso and Swedish STORA at the end of 1998. However, the roots of the company date back to the 13th century and beyond.

1288: STORA’s history dates back to a time when copper mining started in Falun, Sweden. The company is first mentioned in documents dated 1288.

1872: Enso is established at Kotka, Finland. The company goes through several mergers and acquisitions over the following decades.

1901: STORA’s shares are listed on the Stockholm Stock Exchange.

1916: Enso's shares are listed on the Helsinki Exchanges.

1998: STORA and Enso merge – Enso Oyj’s name is changed to Stora Enso Oyj and its share capital is increased. New shares are listed on the Helsinki Exchanges and on the Stockholm Stock Exchange.

1999: Stora Enso initiated compulsory redemption of the remaining STORA shares. STORA shares were delisted from the Stockholm, London and Frankfurt stock exchanges.

2000: Stora Enso shares are listed on the New York Stock Exchange.

2007: Stora Enso shares are delisted from the New York Stock Exchange.