Stora Enso Oyj - Major shareholder announcements

Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (5 February 2025)

STORA ENSO OYJ STOCK EXCHANGE RELEASE 6 February 2025 at 18:15 EET

Stora Enso Oyj received a notification pursuant to chapter 9, section 5 of the
Securities Market Act from BlackRock, Inc on 6 February 2025.

On 5 February 2025, BlackRock's holding, including holding through financial
instruments, in Stora Enso's shares decreased below the 5 percent threshold.

+----------------+--------------+-----------------------------+---------------+
|                |% of shares   |% of shares and voting rights|Total of both  |
|                |and voting    |through financial instruments|in % (7.A +    |
|                |rights        |(total of 7.B)               |7.B)           |
|                |(total of 7.A)|                             |               |
+----------------+--------------+-----------------------------+---------------+
|Resulting       |Below 5%      |Below 5% shares              |Below 5% shares|
|situation on the|shares        |                             |               |
|date on         |              |Below 5% voting rights       |Below 5% voting|
|which threshold |Below 5%      |                             |rights         |
|was crossed or  |voting rights |                             |               |
|reached         |              |                             |               |
+----------------+--------------+-----------------------------+---------------+
|Position of     |4.95% shares  |0.15% shares                 |5.11% shares   |
|previous        |              |                             |               |
|notification    |Below 5%      |Below 5% voting rights       |Below 5% voting|
|(if applicable) |voting rights |                             |rights         |
+----------------+--------------+-----------------------------+---------------+

A: Shares and
voting
rights
Class/type of   Number of               % of shares
shares          shares and              and voting
                voting                  rights
ISIN code (if   rights
possible)
Direct          Indirect    Direct                   Indirect

(SMA 9:5)       (SMA 9:6    (SMA 9:5)                (SMA 9:6
                and 9:7)                             and 9:7)
FI0009005961                Below 5%                   Below 5% shares
                            shares
                                                       Below 5% voting
                            Below 5%                   rights
                            voting
                            rights
SUBTOTAL A      Below 5%                Below 5%
                shares                  shares

                Below 5%                Below 5%
                voting                  voting rights
                rights

B: Financial
Instruments
according
to SMA 9:6a
Type of         Expiration  Exercise/   Physical or  Number    % of shares
financial       date        Conversion  cash         of        and voting
instrument                  Period      settlement   shares    rights
                                                     and
                                                     voting
                                                     rights
American        N/A         N/A         Physical     Below 5%  Below 5%
Depositary                                           shares    shares
Receipt
(US86210M1062)                                       Below 5%  Below 5%
                                                     voting    voting rights
                                                     rights
Securites lent  N/A         N/A         Physical     Below 5%  Below 5%
                                                     shares    shares

                                                     Below 5%  Below 5%
                                                     voting    voting rights
                                                     rights
CFD             N/A         N/A         Cash         Below 5%  Below 5%
                                                     shares    shares

                                                     Below 5%  Below 5%
                                                     voting    voting rights
                                                     rights
                                        SUBTOTAL B   Below 5%  Below 5%
                                                     shares    shares

                                                     Below 5%  Below 5%
                                                     voting    voting rights
                                                     rights

Stora Enso has two series of shares. Each A share and every ten R shares carry
one vote. Stora Enso has 175,663,629 A shares and 612,956,358 R shares in issue.
The Company does not hold its own shares. The total number of Stora Enso shares
is 788,619,987 and the total number votes at least 236,959,264.
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691
Stora Enso
Part of the global bioeconomy, Stora Enso is a leading provider of renewable
products in packaging, biomaterials and wooden construction, and one of the
largest private forest owners in the world. We create value with our low-carbon
and recyclable fiber-based products, through which we support our customers in
meeting the demand for renewable sustainable products. Stora Enso has
approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora
Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm
AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in
the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).
storaenso.com/investors
STORA ENSO OYJ

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691