During the 1-31 December 2022 conversion period there was one conversion and a total of 4 A shares were converted into R shares.

The shares were recorded in the Finnish trade register today, 16 January 2023, and trading in the new R shares will start on 17 January 2023.

Breakdown of shares after conversion: A shares 176,238,276

R shares 612,381,711

Total 788,619,987

Each A share and each ten R shares carry one vote. The total amount of votes after the conversion is at least 237,476,447.

Contact:

Hanne Karrinaho

Tel: +358 40 766 9452

Stora Enso

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, 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 22,000 employees and our sales in 2021 were EUR 10.2 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.

(C) 2023 Electronic News Publishing, source ENP Newswire