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Stora Enso Shares Transferred by Finnish State
Helsinki, Finland, 02 December 2008 -- Stora Enso Oyj received on 11 December 2008 a notification with reference to Chapter 2, paragraph 9, of the Finnish Securities Markets Act.

As anticipated in the release published on 22 October 2008, the Finnish State has transferred all of its shareholding in Stora Enso Oyj to Solidium Oy (company ID 0866693-1) owned 100% by the Finnish State. As a result of the transaction, the shareholding of the Finnish State is now below and the shareholding of Solidium Oy is now above the shareholding limits defined in Chapter 2, paragraph 9, of the Finnish Securities Markets Act.

With reference to Chapter 2, paragraph 10, of the Finnish Securities Markets Act, Stora Enso Oyj is reporting that on 11 December 2008, the shareholdings of the Finnish State and Solidium Oy are as follows:

|                            |   A share       | R share         | % of shares    | % of votes |
| Finnish State  |     0                 |    0                   |    0                     |        0          |
| Solidium Oy    |  55,595,937 |   41,483,501  |  12.3                 |      25.1       |
The holding of Solidium Oy has been calculated according to the share capital registered on 14 November 2008.


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