Stora Enso: Managers' transactions - Karvinen

Stora Enso's Annual General Meeting on 24 March 2026 resolved that the annual remuneration for the members of the Board of Directors be paid in Company shares and cash, so that 40% will be paid in Stora Enso R shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, shares have been acquired as follows:

Stora Enso Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement

Name: Jouko Karvinen

Position: Member of the Board/Deputy member

 Issuer: Stora Enso Oyj

LEI: 7437000ZP669LKUTZ738

Notification type: INITIAL NOTIFICATION

Reference number: 156236/5/4

____________________________________________

Transaction date: 2026-05-11

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009005961

Nature of transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 5270 Unit price: 0 EUR

Aggregated transactions (1):

Volume: 5270 Volume weighted average price: 0 EUR

For total ownership of Stora Enso's shares by the members of the Board of Directors, please see our website.

Stora Enso is a global leader in renewable materials with a strong focus on packaging. Our purpose is to replace non-renewable materials with renewable solutions. Together with our customers, we design and deliver competitive, high-quality packaging materials and solutions, made from fresh and recycled fibers, accelerating the transition to a circular bioeconomy.

Stora Enso has approximately 19,000 employees and our sales in 2025 were EUR 9.3 billion. Stora Enso's shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded on OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

STORA ENSO OYJ