Stora Enso's Converted Shares Recorded in Finnish Trade Register HELSINKI, Finland, Nov. 15 /PRNewswire-FirstCall/ -- Stora Enso (NYSE: SEO) today announced that during the 1-31 October 2004 conversion period there was one conversion and a total of 500 series A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 November 2004, and trading in the new R shares will start on 16 November 2004. Breakdown of shares after conversion: +------------------------+ | A shares | 179 057 177 | |----------+-------------| | R shares | 658 186 222 | |----------+-------------| | Total | 837 243 399 | +------------------------+ For further information, please contact: Tim Laatsch, Senior Vice President, Communications, Stora Enso North America, tel. 715 422 4023 Scott Deitz, Vice President, Investor Relations, Stora Enso North America, tel. 715 422 1521 Stora Enso is an integrated paper, packaging and forest products company producing publication and fine papers, packaging boards and wood products, areas in which the Group is a global market leader. Stora Enso sales totalled EUR 12.2 billion in 2003. The Group has some 44 000 employees in more than 40 countries in five continents and an annual production capacity of 15.7 million tonnes of paper and board and 7.4 million cubic metres of sawn wood products, including 2.8 million cubic metres of value-added products. Stora Enso's shares are listed in Helsinki, Stockholm and New York. DATASOURCE: Stora Enso Oyj CONTACT: Tim Laatsch, Senior Vice President, Communications, +1-715-422-4023, or Scott Deitz, Vice President, Investor Relations, +1-715-422-1521, both of Stora Enso North America Web site: http://www.storaenso.com/

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