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Stora Enso Reports on Stock Repurchase

Tuesday, July 03, 2001

Press release from the issuing company

Stora Enso began repurchasing its own shares on the Helsinki stock exchange on 28 March 2001. By 30 June 2001 Stora Enso had purchased 476,600 A shares and 2,415,400 R shares. Own shares repurchased by 30 June 2001: A shares Amount 476,600 shares Average price/share EUR 11.94 Highest price/share EUR 12.50 Lowest price/share EUR 10.50 Total cost EUR 5,691,224 R shares Amount 2,415,400 shares Average price/share EUR 11.13 Highest price/share EUR 12.50 Lowest price/share EUR 10.34 Total cost EUR 26,874,562 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, but not more than 5% of the votes or share capital. This authorization is valid up to and including 19 March 2002.




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