During the 1-30 November 2005 conversion period there were two conversions and a total of 1 980 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 December 2005, and trading in the new R shares will start on 16 December 2005.
Breakdown of shares after conversion:
A shares - 178 159 778
R shares - 634 817 321
Total - 812 977 099 Stora Enso North America Option Programme
Following the acquisition of Consolidated Papers, Inc. the Board of Directors decided to convert the Consolidated Papers' share option plans into Stora Enso share option plans. During November 2005 a total of 803 R shares were subscribed against North American stock options. These R shares were previously held by the Company.
After the subscription the Company holds:
A shares - 38 600
R shares - 24 374 885
For further information, please contact:
Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial Communications,
tel. +358 2046 21242