Operations in 2002 Quarterly Data and Key Figures Board Report Consolidated Financial Statements Parent Company Financial Statements Financial Notes Auditors’ Report The Share Corporate Governance

	The Share Share Capital Share Listings and Registers Changes in Share Capital Option Programmes Shareholders Share Price Performance and Volumes Indices Key Share Ratios		Reports 2002  >  Financials 2002  >  The Share  >  Share Listings and Registers Share Listings and Registers Share Listings Stora Enso shares are listed on the Helsinki and Stockholm stock exchanges. The R share is also listed in ADR form on the New York Stock Exchange. The shares are quoted in Helsinki in euro (EUR), in Stockholm in Swedish krona (SEK) and euro (EUR) and in New York in US dollar (USD). American Depositary Receipts (ADRs) Stora Enso R shares have been traded on the New York Stock Exchange (NYSE) 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. In 2002 the trading volume on the NYSE was approximately 2% of the cumulative trading volume on all three exchanges. Share Registers The Company's shares are entered in the Book-Entry Securities System maintained by the Finnish Central Securities Depository (APK), which also maintains the official share register of Stora Enso Oyj. On 31 December 2002, 238 563 014 of the Company's shares were registered in the Swedish Securities Register Center as VPC shares and 101 964 446 of the Company's R shares were registered in ADR form in Citibank, N.A.   Distribution by Book-Entry System, 31 December 2002 Number of Shares A shares R shares Total FCSD registered (Finnish Central Securities Depository) 107 242 849 452 006 990 559 249 839 VPC registered (Swedish Securities Register Center)* 75 073 836 163 489 178 238 563 014 Citibank administered ADRs* - 101 964 446 101 964 446 FCSD waiting list - 1 000 1 000 FCSD joint account - - - Total 182 316 685 717 461 614 899 778 299 *VPC registered shares and ADRs are both nominee registered in the FCSD     Ownership Distribution, 31 December 2002 By Shareholding % of Shares % of Votes % of Share-holders Finnish institutions 14.4 22.2 2.3 Finnish State 10.8 23.5 0.0 Finnish private shareholders 1.6 1.7 29.0 Swedish institutions 18.6 31.1 4.4 Swedish private shareholders 3.7 3.1 58.6 ADR holders 11.3 4.0 3.8 Under nominee names (non-Finnish/non-Swedish shareholders) 39.6 14.4 1.9
	Share Distribution, 31 December 2002 By Size of Holding, A share Shareholders % Shares % 1–100 2 375 36.6 130 522 0.1 101–1 000 3 354 51.7 1 320 635 0.7 1 001–10 000 695 10.7 1 742 914 1.0 10 001–100 000 53 0.8 1 302 578 0.7 100 001–1 000 000 3 0.1 1 355 966 0.7 1 000 001– 8 0.1 176 464 070 96.8 Total 6 488 100.0 182 316 685 100.0 By Size of Holding, R share Shareholders % Shares % 1–100 4 981 26.7 340 276 0.1 101–1 000 10 550 56.5 4 488 988 0.6 1 001–10 000 2 760 14.8 7 617 235 1.1 10 001–100 000 301 1.6 8 763 311 1.2 100 001–1 000 000 83 0.4 26 767 833 3.7 1 000 001– 14 0.1 669 484 971 93.3 Total 18 689 100.0 717 462 614 100.0 According to the Finnish Central Securities Depository