Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (12 April 2024)

STORA ENSO OYJ STOCK EXCHANGE RELEASE 16 April 2024 at 9:00 EEST

HELSINKI, April 16, 2024 /PRNewswire/ -- Stora Enso Oyj has received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 15 April 2024.

On 12 April 2024, BlackRock's total holding, including holding through financial instruments, in Stora Enso's shares increased above the 5 percent threshold.

                                             % of shares and                    % of shares and              Total of both in % (7.A +
                                                                                                              7.B)
                         voting rights                       voting rights
                                                             through
                                    (total of 7.A)           financial
                                                             instruments
                                                                       (total of 7.B)



            Resulting            4.87% shares                       0.17% shares               
     5.05% shares
    situation on the
    date on which                 Below 5% voting                    Below 5% voting
                                   rights                             rights                      Below 5% voting rights
    threshold was
    crossed or
    reached


             Position of          Below 5% shares                    Below 5% shares            
     Below 5% shares
    previous
    notification (if              Below 5% voting                    Below 5% voting
                                                                      rights                      Below 5% voting rights
    applicable)          rights


          
                A: Shares and voting rights


                        Class/type of                            Number of shares and voting
                                                                  rights                                                  % of shares and voting rights
    shares


                        Direct                                   Indirect                           Direct                  Indirect

           (SMA 9:5)                                (SMA 9:6 and 9:7)                  (SMA 9:5)               (SMA 9:6 and 9:7)


           FI0009005961                                                                38,474,040 shares                                          4.87% shares

                                                                                       Below 5% voting                                            Below 5% voting
                                                                                                                                                   rights
                                                                            rights


                        SUBTOTAL A       
              38,474,040 shares                                      
     4.87% shares

                                                    Below 5% voting rights                                   Below 5% voting rights


              
                B: Financial Instruments according to SMA 9:6a


                            Type of financial                              Expiration                 Exercise/                     Physical or            Number of                          % of shares and
    instrument                                                                        date Conversion Period    cash settlement                 shares and            voting rights
                                                                                                                                                 voting
                                                                                                                                                 rights



              American                                                                N/A                  N/A            Physical                          464,610              0.05% shares
    Depositary                                                                                                                                  shares
    Receipt (US86210M1062)                                                                                                                                                                           Below 5%
                                                                                                                                                            Below 5% voting rights
                                                                                                                                                 voting
                                                                                                                                                 rights



              Securities Lent                                                         N/A                  N/A            Physical                          860,000              0.10% shares
                                                                                                                                                shares
                                                                                                                                                                                 Below 5% voting
                                                                                                                                                            Below 5% rights
                                                                                                                                                 voting
                                                                                                                                                 rights



              CFD                                                                     N/A                  N/A 
              Cash                               79,000              0.01% shares
                                                                                                                                                shares
                                                                                                                                                                                 Below 5% voting
                                                                                                                                                            Below 5% rights
                                                                                                                                                 voting
                                                                                                                                                 rights


                                                                                                                                    SUBTOTAL B             1,403,610              0.17% shares
                                                                                                                                                shares
                                                                                                                                                                                 Below 5% voting
                                                                                                                                                            Below 5% rights
                                                                                                                                                 voting
                                                                                                                                                 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.

Investor enquiries:
Anna-Lena Aström
SVP Investor Relations
tel. +46 70 210 7691

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

CONTACT:
Investor enquiries:

Anna-Lena Aström
SVP Investor Relations
tel. +46 70 210 7691

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj--notification-of-change-in-holdings-according-to-chapter-9--section-10-of-the-finnish,c3961990

The following files are available for download:


     
     https://mb.cision.com/Public/13589/3961990/97055bbe7203398a.pdf Annex Black Rock
                                                                         240412

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