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The Company's shares are entered in the Book-Entry Securities System maintained by the Finnish Central Securities Depositary (APK), which also maintains the official share register of Stora Enso Oyj. On 31 December 2001, 266 543 846 of the Company's shares were registered in the Swedish Securities Register Center as VPC shares and
117 744 111 of the Company's R shares were registered in ADR form in Citibank, N.A.
Distribution by Book-Entry System
American Depositary Receipts (ADRs)
Stora Enso R shares have been traded on the New York Stock Exchange in ADR form since 13 September 2000 under the SEO ticker. ADR issuances and cancellations are carried by Citibank, N.A., which acts as depositary bank for the Stora Enso ADR programme. The exchange rate between Stora Enso ADRs and R shares is 1:1, i.e. one ADR represents one Stora Enso R share. The trading volume on the NYSE was approximately 3% of the total cumulative trading volume during 2001.
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| FCSD registered (Finnish Central Securities Depositary) |
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108 510 790 |
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413 916 721 |
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522 427 511 |
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| VPC registered (Swedish Securities Register Center)* |
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75 755 227 |
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190 788 619 |
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266 543 846 |
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| Citibank administered ADRs* |
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0 |
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117 744 111 |
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117 744 111 |
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| FCSD waiting list |
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0 |
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0 |
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0 |
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| FCSD joint account |
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7 568 |
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30 263 |
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37 831 |
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| Total |
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184 273 585 |
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722 479 714 |
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906 753 299 |
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| *VPC registerd shares and ADRs are both nominee registered in the FCSD |
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