Stora Enso Oyj has received a notificationpursuant to chapter 9, section 5 of the Securities Market Act fromBlackRock, Inc on 22 April 2024.
On 19 April 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       |Below 4.99%   |Below 0.09% shares           |Below 5.09%    |
|situation on the|shares        |                             |shares         |
|date on         |              |Below 5% voting rights       |               |
|which threshold |Below 5%      |                             |Below 5% voting|
|was crossed or  |voting rights |                             |rights         |
|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  |Number of                 |% of                           |
|of          |shares and                |shares                         |
|shares      |voting                    |and                            |
|            |rights                    |voting                         |
|            |                          |rights                         |
+------------+--------+-----------------+--------+----------------------+
|Direct      |Indirect|Direct           |Indirect|
|            |        |                 |        |
|(SMA 9:5)   |(SMA 9:6|(SMA 9:5)        |(SMA 9:6|
|            |and 9:7)|                 |and 9:7)|
+------------+--------+-----------------+--------+----------------------+
|FI0009005961|        |39,406,110 shares|        |Below 4.99% shares    |
|            |        |Below 5% voting  |        |                      |
|            |        |rights           |        |Below 5% voting rights|
+------------+--------+-----------------+--------+----------------------+
|SUBTOTAL A  |39,406,110                |Below                          |
|            |shares                    |4.99%                          |
|            |                          |shares                         |
|            |Below 5%                  |                               |
|            |voting                    |Below 5%                       |
|            |rights                    |voting                         |
|            |                          |rights                         |
+------------+--------+-----------------+--------+----------------------+
B: Financial
Instruments
according
to SMA 9:6a
Type of         Expiration  Exercise/   Physical    Number    % of shares
financial       date        Conversion  or          of        and voting
instrument                  Period      cash        shares    rights
settlement  and
voting
rights
American        N/A         N/A         Physical    472,620   Below 0.05%
Depositary                                          shares    shares
Receipt
(US86210M1062)                                      Below 5%  Below 5%
voting    voting rights
rights
Securities      N/A         N/A         Physical    163,220   Below 0.02%
Lent                                                shares    shares
Below 5%  Below 5%
voting    voting rights
rights
CFD             N/A         N/A         Cash        138,730   Below 0.01%
shares    shares
Below 5%  Below 5%
voting    voting rights
rights
SUBTOTAL B  774,570   Below 0.09%
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 175,979,614 A shares and 612,640,373 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 237,243,651.
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