HELSINKI, Finland, Jan. 13, 2006 (PRIMEZONE) -- Stora Enso (NYSE:SEO) today announced that following the acquisition of Consolidated Papers, Inc., the Board of Directors decided to convert the Consolidated Papers' share option plans into Stora Enso share option plans. During December 2005 a total of 1,433 R shares were subscribed against North American stock options. These R shares were previously held by the Company.
After the subscription the Company holds:
A shares -- 38,600 R shares -- 24,373,452
Stora Enso is an integrated paper, packaging and forest products company producing publication and fine papers, packaging boards and wood products, areas in which the Group is a global market leader. Stora Enso sales totaled EUR 12.4 billion in 2004. The Group has some 45,000 employees in more than 40 countries in five continents and an annual production capacity of 16.4 million tonnes of paper and board and 7.7 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Stora Enso's shares are listed in Helsinki, Stockholm and New York.
Stora Enso Oyj Business ID 1039050-8