Stora Enso Oyj

Director's Dealing • May 3, 2023

Disclosure 432333

Stora Enso Oyj - Managers' transactions

Stora Enso: Managers' transactions - Hermann

STORA ENSO OYJ MANAGERS' TRANSACTIONS 3 May 2023 at 9:00 EEST Stora Enso's Annual General Meeting on 16 March 2023 resolved that the annual remuneration for the members of the Board of Directors be paid in Company shares and cash so that 40% will be paid in Stora Enso R shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution Astrid Hermann has received shares as follows: Stora Enso Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Astrid Hermann Position: Member of the Board/Deputy member Issuer: Stora Enso Oyj LEI: 7437000ZP669LKUTZ738 Notification type: INITIAL NOTIFICATION Reference number: 30283/4/4 ____________________________________________ Transaction date: 2023-04-28 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009005961 Nature of transaction: RECEIPT OF A SHARE-BASED INCENTIVE Transaction details (1): Volume: 2,839 Unit price: 0 EUR Aggregated transactions (1): Volume: 2,839 Volume weighted average price: 0 EUR For total ownership of Stora Enso's shares by the members of the Board of Directors, please see our website (https://www.storaenso.com/en/investors/governance/insiders/pdmr -ownership). For further information, please contact: Carl Norell Press officer tel. +46 72 241 0349 Investor enquiries: Anna-Lena Åström SVP Investor Relations tel. +46 70 210 7691 Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 21,000 employees and our sales in 2022 were EUR 11.7 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ For further information, please contact: Carl Norell Press officer tel. +46 72 241 0349 Investor enquiries: Anna-Lena Åström SVP Investor Relations tel. +46 70 210 7691