Stora Enso Oyj

Major Shareholding Notification • Mar 21, 2016

Disclosure 331467

Stora Enso Oyj - Major shareholder announcements

Stora Enso: Announcement with a reference to Chapter 9, Section 10 of the Finnish Securities Markets Act

Helsinki, Finland, 2016-03-21 08:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ MAJOR SHAREHOLDER ANNOUNCEMENT 21 March 2016 at 9.00 EET Stora Enso Oyj received on 18 March 2016 a notification under the Chapter 9, Section 10 of the Securities Markets Act, according to which the indirect holdings of BlackRock Inc. and its funds in Stora Enso’s shares have increased over the threshold of 5% on 17 March 2016. Total positions of BlackRock, Inc. and its funds according to the notification: % of shares % of shares and Total of Total number and voting voting rights both in of shares and rights through financial % (A + voting rights (total of instruments (total B) of issuer A) of B) -------------------------------------------------------------------------------- Resulting situation 4.14% shares 0.89% shares 5.03% 788,619,987 on the date on Below 5% Below 5% voting shares shares which threshold voting rights Below 5% 237,718,379 was crossed or rights voting voting rights reached rights -------------------------------------------------------------------------------- Position of Below 5% Below 5% shares Below 5% previous shares Below 5% voting shares notification (if Below 5% rights Below 5% applicable) voting voting rights rights -------------------------------------------------------------------------------- Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights Class/type Number of shares Number of shares % of shares % of shares of shares and voting and voting and voting and voting rights rights rights rights -------------------------------------------------------------------------------- ISIN code Direct (SMA 9:5) Indirect (SMA Direct (SMA Indirect (SMA (if 9:6 and 9:7) 9:5) 9:6 and 9:7) possible) -------------------------------------------------------------------------------- FI0009005961 32,687,580 4.14% shares shares Below 5% Below 5% voting voting rights rights -------------------------------------------------------------------------------- SUBTOTAL A 32,687,580 4.14% shares shares Below 5% Below 5% voting voting rights rights -------------------------------------------------------------------------------- B: Financial Instruments according to SMA 9:6a Type of Expirat Exercise Physical or Number of % of shares financial ion / cash shares and and voting instrument date Conversi settlement voting rights rights on period -------------------------------------------------------------------------------- Securities N/A N/A Physical 4,513,250 0.57% shares Lent shares Below 5% Below 5% voting voting rights rights -------------------------------------------------------------------------------- CFD N/A N/A Cash 2,477,910 0.31% shares shares Below 5% Below 5% voting voting rights rights -------------------------------------------------------------------------------- Total Return 22 June N/A Cash 67,000 shares 0.00% shares SWAP 2016 Below 5% voting Below 5% rights voting rights -------------------------------------------------------------------------------- SUBTOTAL B 7,058,160 0.89% shares shares Below 5% Below 5% voting voting rights rights -------------------------------------------------------------------------------- For further information, please contact: Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242 Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. storaenso.com STORA ENSO OYJ