Stora Enso: Announcement with a reference to Chapter 9, paragraph 10 of the Finnish Securities Markets Act


STORA ENSO OYJ MAJOR SHAREHOLDER ANNOUNCEMENT 29 June 2016 at 14.15 EET
Stora Enso Oyj received on 28 June 2016 a notification under the Chapter 9,
Section 10 of the Securities Markets Act, according to which the holdings of
BlackRock Inc.'s in Stora Enso’s shares including holding through financial
instruments fell below the threshold of 5% on 27 June 2016.
Total positions of BlackRock, Inc. and its funds according to the notification:

+------------------+-----------+------------------+---------+-------------+
|                  |% of shares|% of shares and   |Total of |Total number |
|                  |and voting |voting rights     |both in %|of shares and|
|                  |rights     |through financial |(A + B)  |  voting     |
|                  |(total of  |instruments (total|         |rights of    |
|                  |A)         |of B)             |         |issuer       |
+------------------+-----------+------------------+---------+-------------+
|Resulting         |Below 5%   |Below 5% shares   |Below 5% |788 619 987  |
|situation on the  |shares     |Below 5% voting   |shares   |shares       |
|date on           |Below 5%   |rights            |Below 5% |237 718 379  |
|which threshold   |voting     |                  |voting   |voting rights|
|was crossed or    |rights     |                  |rights   |             |
|reached           |           |                  |         |             |
+------------------+-----------+------------------+---------+-------------+
|Position of       |4.14%      |0.89% shares      |5.03%    |             |
|previous          |shares     |Below 5% voting   |shares   |             |
|notification      |Below 5%   |rights            |Below    |             |
|(if applicable)   |voting     |                  |5% voting|             |
|                  |rights     |                  |rights   |             |
+------------------+-----------+------------------+---------+-------------+

Notified details of the resulting situation on the date on which the threshold
was crossed or reached:
A: Shares and voting rights

+------------+----------------+-----------------+---------------+--------------
-+
|Class/type  |Number of shares|Number of shares |% of shares and|% of shares
and|
|of shares   |and voting      |and voting       |voting rights  |voting rights
|
|            |rights          |rights           |               |
|
+------------+----------------+-----------------+---------------+--------------
-+
|ISIN code   |Direct (SMA 9:5)|Indirect (SMA 9:6|Direct (SMA    |Indirect (SMA
|
|(if         |                |and 9:7)         |9:5)           |9:6 and 9:7
|
|possible)   |                |                 |               |
|
+------------+----------------+-----------------+---------------+--------------
-+
|FI0009005961|                |Below 5% shares  |               |Below 5%
shares|
|            |                |Below 5% voting  |               |Below 5%
voting|
|            |                |rights           |               |rights
|
+------------+----------------+-----------------+---------------+--------------
-+
|SUBTOTAL A  |                |Below 5% shares  |               |Below 5%
shares|
|            |                |Below 5% voting  |               |Below 5%
voting|
|            |                |rights           |               |rights
|
+------------+----------------+-----------------+---------------+--------------
-+

B: Financial Instruments according to SMA 9:6a

+-----------+----------+-----------+-----------+----------------+--------------
-+
|Type of    |Expiration|Exercise/  |Physical or|Number of shares|% of shares
and|
|financial  |date      |  Conversio|cash       |and voting      |voting rights
|
|instrument |          |n period   |settlement |rights          |
|
+-----------+----------+-----------+-----------+----------------+--------------
-+
|Securities |N/A       |N/A        |Physical   |Below 5% shares |Below 5%
shares|
|Lent       |          |           |           |Below 5% voting |Below 5%
voting|
|           |          |           |           |rights          |rights
|
+-----------+----------+-----------+-----------+----------------+--------------
-+
|CFD        |N/A       |N/A        |Cash       |Below 5% shares |Below 5%
shares|
|           |          |           |           |Below 5% voting |Below 5%
voting|
|           |          |           |           |rights          |rights
|
+-----------+----------+-----------+-----------+----------------+--------------
-+
|           |          |           |SUBTOTAL B |Below 5% shares |Below 5%
shares|
|           |          |           |           |Below 5% voting |Below 5%
voting|
|           |          |           |           |rights          |rights
|
+-----------+----------+-----------+-----------+----------------+--------------
-+

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.

For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wooden constructions and paper on global markets. Our aim is to
replace fossil based materials by innovating and developing new products and
services based on wood and other renewable materials. We employ some 26 000
people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion.
Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq
Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs
(SEOAY) on the International OTCQX over-the-counter market.
storaenso.com (http://www.storaenso.com)

STORA ENSO OYJ
For further information, please contact:
Ulla Paajanen-Sainio
SVP, Investor Relations
tel. +358 2046 21242

Anhänge

Chain of undertakings_BlackRock_2906.pdf