Business News

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

Monday 11. May 2009 - Stora Enso Oyj was informed on 7 May 2009 that the number of shares in the Company held by the funds managed by Orbis Investment Management Limited, Orbis Asset Management Limited and Orbis Portfolio Management (Europe) LLP has decreased below 5% of the of the paid-up share capital and the number of shares in Stora Enso Oyj on 6 May 2009.

With reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act,
Stora Enso Oyj is reporting that as of 6 May 2009 the shareholding of funds
managed by Orbis Investment Management Limited, Orbis Asset Management Limited
and Orbis Portfolio Management (Europe) LLP is as follows:

——————————————————————————–
| Orbis Investment Management | Number of | Number of | % of | % of |
| Limited, | shares | votes | shares | votes |
| Orbis Asset Management | | | | |
| Limited, | | | | |
| Orbis Portfolio Management | | | | |
| (Europe) LLP | | | | |
——————————————————————————–
| R shares | 38 592 | 3 859 207 | 4.89 | 1.62 |
| | 070 | | | |
——————————————————————————–

The holding of funds managed by Orbis Investment Management Limited, Orbis Asset
Management Limited and Orbis Portfolio Management (Europe) LLP has been
calculated according to the share capital registered on 30 April 2009.