WhatTheyThink

Stora Enso Shares Subscribed Under North American Option Program

Monday, July 23, 2001

A total of 773,522 new Stora Enso Series R shares were subscribed under the Stora Enso North American option programme between 1 March and 31 May 2001. The shares subscribed have increased Stora Enso Oyj's share capital by EUR 1,314,987.40 to EUR 1,540,761,491.30 and the total number of shares issued to 906,330,289, comprising 193,585,856 Series A shares and 712,744,433 Series R shares. The increase in share capital was registered in the Finnish Trade Register on 20 July 2001 and the new shares will be eligible for trading from 23 July 2001. A total of 1,737,723 Series R shares were subscribed under the Stora Enso North American option programme between 1 September 2000 and 31 May 2001.