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 (15 May 2024)

STORA ENSO OYJ STOCK EXCHANGE RELEASE 16 May 2024 at 15:00 EEST

Stora Enso Oyj received a notificationpursuant to chapter 9, section 5 of the
Securities Market Act fromBlackRock, Inc on 16 May 2024.

On 15 May 2024, BlackRock's total holding in Stora Enso's shares fell 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       |4.99% shares  |0.11% shares                 |5.10% shares   |
|situation on the|              |                             |               |
|date on         |Below 5%      |Below 5% voting rights       |Below 5% voting|
|which threshold |voting rights |                             |rights         |
|was crossed or  |              |                             |               |
|reached         |              |                             |               |
+----------------+--------------+-----------------------------+---------------+
|Position of     |5.00% shares  |0.11% shares                 |5.12% 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 and              shares
                voting                  and voting
ISIN code (if   rights                  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                39,418,090                                  4.99%
                            shares                                      shares

                            Below 5%                                    Below
                            voting                                      5%
                            rights                                      voting
                                                                        rights
SUBTOTAL A      39,418,090              Below
                shares                  4.99%
                                        shares
                Below 5%
                voting                  Below 5%
                rights                  voting
                                        rights

B: Financial
Instruments
according
to SMA 9:6a
Type of         Expiration  Exercise/   Physical    Number    % of
financial       date        Conversion  or          of        shares
instrument                  Period      cash        shares    and
                                        settlement  and       voting
                                                    voting    rights
                                                    rights
American        N/A         N/A         Physical    494,600   0.06%
Depositary                                          shares    shares
Receipt
(US86210M1062)                                      Below 5%  Below 5%
                                                    voting    voting
                                                    rights    rights
Securities      N/A         N/A         Physical    33,360    0.00%
Lent                                                shares    shares

                                                    Below 5%  Below 5%
                                                    voting    voting
                                                    rights    rights
CFD             N/A         N/A         Cash        348,600   0.04%
                                                    shares    shares

                                                    Below 5%  Below 5%
                                                    voting    voting
                                                    rights    rights
                                        SUBTOTAL B  876,560   0.11%
                                                    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 175,938,609 A shares and 612,681,378 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 237,206,746.
Full chain of controlled undertakings through which the voting rights and
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity is presented in the enclosed annex.

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

Attachments:

05163266.pdf