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Regulatory press release

Stora Enso Oyj: Stora Enso resolved on two new long-term incentive plans for key employees

Stora Enso
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STORA ENSO OYJ STOCK EXCHANGE RELEASE 11 December 2025 at 9:00 EET

The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries. Stora Enso's goal is to offer remuneration that motivates, encourages, attracts, and retains top-tier employees. The Group carefully align  remuneration elements with its strategy and long-term financial interests.

The purpose of the plans is to align the key employees' interests with those of the shareholders to increase the Company's value in the long term, as well as to retain the key employees and offer them competitive share-based incentive schemes. The total combined target group for both plans consists of approximately 300 employees and maximum plan opportunity is EUR 20 million at the time of grant. The potential rewards will be delivered as Stora Enso R shares and cash. The cash proportion is intended to cover taxes and statutory social security contributions arising from the reward to the recipient.

Performance Share Plan 2026-2028
The Performance Share Plan 2026-2028 consists of one performance period, covering the financial years 2026-2028.

In the plan, the target group has an opportunity to earn Stora Enso Oyj shares based on performance. The performance measures of the plan are earnings per share (EPS), total shareholder return (TSR), CO2 emission reduction, and gender balance in managerial positions. The potential rewards from the plan will be allocated after the end of the vesting period. As a rule, no reward will be paid if the participant's employment or service terminates before the end of the performance period.

The target group consists of key individuals, including the CEO and other members of the Group Leadership Team.

Upon reward payment, the reward amount may be decreased if the company's share price is above the reward cap level determined by the Board of Directors.

The company recommends and expects the members of the Group Leadership Team to hold the company's shares at a value corresponding to the participant's annual gross salary as long as the membership in the Group Leadership Team continues.

Restricted Share Unit Plan 2026-2028
The Restricted Share Unit Plan 2026-2028 is directed to key employees of the Group. The plan consists of one plan period which ends on 31 December 2028. The rewards from the plan will be paid after the end of the plan period. As a rule, no reward will be paid if the participant's employment or service terminates before the end of the plan period.


The forest is at the heart of Stora Enso, and we believe that everything made from fossil-based materials today can be made from a tree tomorrow. We are the leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. Stora Enso has approximately 19,000 employees and our sales in 2024 were EUR 9 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 the USA on OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

STORA ENSO OYJ

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