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