Stora Enso Oyj received a notificationpursuant to chapter 9, section 5 of the Securities Market Act fromBlackRock, Inc on 29 May 2024.
On 28 May 2024, BlackRock's total holding, including holding through financial instruments, in Stora Enso's shares increased above the 5 percent threshold.
+----------------+--------------+-----------------------------+---------------+
|                |% of shares   |% of shares and voting rights|Total of both  |
|                |and voting    |through financial instruments|in % (7.A +    |
|                |rights        |(total of 7.B)               |7.B)           |
|                |(total of 7.A)|                             |               |
+----------------+--------------+-----------------------------+---------------+
|Resulting       |4.79% shares  |0.27% shares                 |5.07% shares   |
|situation on the|              |                             |               |
|date on         |Below 5%      |Below 5% voting rights       |Below 5% voting|
|which threshold |voting rights |                             |rights         |
|was crossed or  |              |                             |               |
|reached         |              |                             |               |
+----------------+--------------+-----------------------------+---------------+
|Position of     |Below 5%      |Below 5% shares              |Below 5% shares|
|previous        |shares        |                             |               |
|notification    |              |Below 5% voting rights       |Below 5% voting|
|(if applicable) |Below 5%      |                             |rights         |
|                |voting rights |                             |               |
+----------------+--------------+-----------------------------+---------------+
A: Shares and
voting
rights
Class/type of   Number of               % of
shares          shares and              shares
voting                  and voting
ISIN code (if   rights                  rights
possible)
Direct          Indirect    Direct                             Indirect
(SMA 9:5)       (SMA 9:6    (SMA 9:5)                          (SMA 9:6
and 9:7)                                       and 9:7)
FI0009005961                37,818,820                                   4.79%
shares                                       shares
Below 5%                                     Below
voting                                       5%
rights                                       voting
rights
SUBTOTAL A      37,818,820              4.79%
shares                  shares
Below 5%                Below 5%
voting                  voting
rights                  rights
B: Financial
Instruments
according
to SMA 9:6a
Type of         Expiration  Exercise/   Physical    Number of  % of
financial       date        Conversion  or          shares     shares
instrument                  Period      cash        and        and
settlement  voting     voting
rights     rights
American        N/A         N/A         Physical    505,250    0.06%
Depositary                                          shares     shares
Receipt
(US86210M1062)                                      Below 5%   Below 5%
voting     voting
rights     rights
Securities      N/A         N/A         Physical    1,355,770  0.17%
Lent                                                shares     shares
Below 5%   Below 5%
voting     voting
rights     rights
CFD             N/A         N/A         Cash        343,440    0.04%
shares     shares
Below 5%   Below 5%
voting     voting
rights     rights
SUBTOTAL B  2,204,460  0.27%
shares     shares
Below 5%   Below 5%
voting     voting
rights     rights
Stora Enso has two series of shares. Each A share and every ten R shares carry one vote. Stora Enso has 175,938,609 A shares and 612,681,378 R shares in issue. The Company does not hold its own shares. The total number of Stora Enso shares is 788,619,987 and the total number votes at least 237,206,746.
Full chain of controlled undertakings through which the voting rights and financial instruments are effectively held starting with the ultimate controlling natural person or legal entity is presented in the enclosed annex.
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 create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 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 OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors 
STORA ENSO OYJ