Business News

Stora Enso Oyj: Announcement with reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act

Thursday 23. October 2008 - Stora Enso Oyj today received the following notification with reference to Chapter 2, paragraph 9 of the Finnish Securities Markets Act:

The Finnish State and Solidium Oy give notice of a transaction as a result of which the shareholding of the Finnish State would decrease below and the shareholding of Solidium Oy would exceed the shareholding limits defined in Chapter 2, paragraph 9 of the Finnish Securities Markets Act. The Council of State has decided to propose to Parliament that the shares in Stora Enso Oyj owned by the Finnish State be transferred to Solidium Oy, wholly owned by the State. The transaction will be implemented if Parliament approves this proposal by the Council of State.

With reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act, Stora Enso Oyj is reporting that the shareholding of Solidium Oy will be as follows if the transaction is implemented:

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| | A share | R share | % of shares | % of |
| | | | | votes |
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| Solidium Oy | 55 595 937 | 41 483 50 12.3 | 25.1 |
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The holding of Solidium Oy has been calculated according to the share capital registered on 15 September 2008.