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Stora Enso has started the repurchase of its own shares

Thursday, March 29, 2001

Press release from the issuing company

3/29/01 - Stora Enso yesterday started repurchasing its own shares on the Helsinki stock exchange. The Annual General Meeting of Stora Enso on 20 March 2001 authorized the Board of Directors to repurchase not more than 9,679,000 Series A shares and not more than 35,586,000 Series R shares in the company on the Helsinki and Stockholm stock exchanges. The shareholding may not exceed 5% of the votes or the share capital. This authorization is valid up to and including 19 March 2002. Repurchases on 28 March 2001: A shares Amount 1,000 shares Average price/share EUR 11.30 Highest price/share EUR 11.30 Lowest price /share EUR 11.30 Total cost EUR 11,300 R shares Amount 145,800 shares Average price/share EUR 11.26 Highest price/share EUR 11.30 Lowest price /share EUR 11.17 Total cost EUR 1,641,616 After the purchases on 28 March Stora Enso Oyj holds 911,600 A shares and 22,405,900 R shares including 910,600 A shares and 22,260,100 R shares which had been repurchased earlier under previous authorizations.




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