STORA ENSO OYJ Stock Exchange Announcement 15 February 2007 at 10.00 Stora Enso shares converted and North American stock options exercised During the 131 January 2007 conversion period there were two conversions and a total of 450 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 February 2007, and trading in the new R shares will start on 16 February 2007. Breakdown of shares after conversion: A shares 178 102 667 R shares 611 435 832 Total 789 538 499 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 January 2007 a total of 1 650 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 - R shares 950 977 For further information, please contact: Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial Communications, tel. +358 2046 21242 www.storaenso.com www.storaenso.com/investors STORA ENSO OYJ Jyrki Kurkinen Ulla Paajanen-Sainio