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 (26 April 2024)

STORA ENSO OYJ STOCK EXCHANGE RELEASE 29 April 2024 at 17:15 EEST

Stora Enso Oyj has received a notificationpursuant to chapter 9, section 5 of
the Securities Market Act fromBlackRock, Inc on 29 April 2024.

On 26 April 2024, BlackRock's total holding, including holding through financial
instruments, in Stora Enso's shares increased above the 5 percent threshold.

+----------------+-------+-----------------------------+------------------+
|                |% of   |% of shares and voting rights|Total of both in %|
|                |shares |through financial instruments|(7.A + 7.B)       |
|                |and    |(total of 7.B)               |                  |
|                |voting |                             |                  |
|                |rights |                             |                  |
|                |(total |                             |                  |
|                |of 7.A)|                             |                  |
+----------------+-------+-----------------------------+------------------+
|Resulting       |4.80%  |0.20% shares                 |5.00% shares      |
|situation on the|shares |                             |                  |
|date on         |       |Below 5% voting rights       |Below 5% voting   |
|which threshold |Below  |                             |rights            |
|was crossed or  |5%     |                             |                  |
|reached         |voting |                             |                  |
|                |rights |                             |                  |
+----------------+-------+-----------------------------+------------------+
|Position of     |Below  |Below 5% shares Below 5%     |Below 5% shares   |
|previous        |5%     |voting rights                |Below 5% voting   |
|notification    |shares |                             |rights            |
|(if applicable) |Below  |                             |                  |
|                |5%     |                             |                  |
|                |voting |                             |                  |
|                |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                37,872,260                                   4.80%
                            shares                                       shares

                            Below 5%                                     Below
                            voting                                       5%
                            rights                                       voting
                                                                         rights
SUBTOTAL A      37,872,260              4.80%
                shares                  shares

                Below 5%                Below 5%
                voting                  voting
                rights                  rights

B: Financial
Instruments
according
to SMA 9:6a
Type of         Expiration  Exercise/   Physical    Number of  % of
financial       date        Conversion  or          shares     shares
instrument                  Period      cash        and        and
                                        settlement  voting     voting
                                                    rights     rights
American        N/A         N/A         Physical    475,160    0.06%
Depositary                                          shares     shares
Receipt
(US86210M1062)                                      Below 5%   Below 5%
                                                    voting     voting
                                                    rights     rights
Securities      N/A         N/A         Physical    957,320    0.12%
Lent                                                shares     shares

                                                    Below 5%   Below 5%
                                                    voting     voting
                                                    rights     rights
CFD             N/A         N/A         Cash        187,200    0.02%
                                                    shares     shares

                                                    Below 5%   Below 5%
                                                    voting     voting
                                                    rights     rights
                                        SUBTOTAL B  1,619,680  0.20%
                                                    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 175,979,614 A shares and 612,640,373 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 237,243,651.
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:

04290299.pdf