Finnish State Holding in Stora Enso Increases

Press release from the issuing company

Stora Enso Oyj has been informed that the Finnish State's holding in the company has increased in percentage terms due to the decrease in Stora Enso's share capital following the cancellation of repurchased shares on 25 April 2001. With reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act and the relevant decision of the Finnish Ministry of Finance, Stora Enso Oyj is reporting that as of 27 April 2001 the shareholding of the Finnish State is as follows: Finnish State Number of shares % of shares % of votes Series A shares 55,595,937 6.1% 21.0% Series R shares 81,483,501 9.0% 3.1% Total 137,079,438 15.1% 24.1%