Shareholders and ownership changes

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Ownership distribution in Stora Enso

Ownership distribution as of 30 September 2021

Ownership distribution, 30 September 2021 % of shares Change % of shares Q2/21-Q3/21 % of votes Change % of votes Q2/21-Q3/21
Solidium Oy* 10.7% - 27.3% -
FAM AB** 10.2% - 27.3% -
Social Insurance Institution of Finland (KELA) 3.1% - 10.1% -
Finnish institutions (excl. Solidium and KELA) 11.6% 7.2% 8.3% 3.2%
Swedish institutions (excl. FAM) 5.4% -1.7% 4.8% -0.8%
Finnish private shareholders 3.8% -0.9% 2.4% -0.4%
Swedish private shareholders 4.2% -2.1% 2.7% -1.4%
ADR holders 1.9% - 0.6% -
Under nominee names (non-Finnish/non-Swedish shareholders) 49.0% -1.1% 16.5% -1.0%
*Entirely owned by the Finnish State.
**As confirmed to Stora Enso.

Major shareholders as of 30 September 2021

Please note that the following list has been compiled by the company, based upon shareholder information from Euroclear Finland Oy and Euroclear Sweden AB share registers and a database managed by Citibank, N.A. (as the company's ADR agent bank). This information includes only direct registered holdings, thus certain holdings (which may be substantial) of ordinary shares and ADRs held in nominee or brokerage accounts can not be included. The list is therefore incomplete.
By voting power Country A share R share % of shares Change % of shares % of votes Change % of votes
1 Solidium Oy* FI 62 655 036 21 792 540 10.7 % 0.0 % 27.3 % 0.0 %
2 FAM AB** SE 63 123 386 17 000 000 10.2 % 0.0 % 27.3 % 0.0 %
3 Social Insurance Institution of Finland FI 23 825 086 973 982 3.1 % 0.0 % 10.1 % 0.0 %
4 Ilmarinen Mutual Pension Insurance Company FI 4 172 492 19 396 294 3.0 % 4.4 % 2.6 % 1.6 %
5 Varma Mutual Pension Insurance Company FI 5 163 018 1 140 874 0.8 % 0.0 % 2.2 % 0.0 %
6 MP-Bolagen i Vetlanda AB SE 4 828 000 1 000 000 0.7 % 0.0 % 2.1 % 0.0 %
7 Elo Mutual Pension Insurance Company FI 2 000 000 7 441 225 1.2 % -1.6 % 1.2 % -0.5 %
8 Erik Johan Ljungberg's Education Foundation SE 1 780 540 2 336 224 0.5 % 0.0 % 0.8 % 0.0 %
9 SEB Investment Management SE 0 10 115 851 1.3 % -0.8 % 0.4 % -0.8 %
10 Bergslaget's Healthcare Foundation SE 626 269 1 609 483 0.3 % 0.0 % 0.3 % 0.0 %
11 The State Pension Fund FI 0 5 413 755 0.7 % -1.8 % 0.2 % -1.8 %
12 Unionen (Swedish trade union) SE 0 3 332 750 0.4 % 0.0 % 0.1 % 0.0 %
13 The Society of Swedish Literature in Finland FI 0 3 000 000 0.4 % 0.0 % 0.1 % 0.0 %
14 Avanza Pension Insurance SE 154 517 1 309 071 0.2 % 1.0 % 0.1 % -0.8 %
15 Schweizerische Nationalbank FI 0 2 609 629 0.3 % -0.1 % 0.1 % -0.1 %
16 Länsförsäkringar Portfolio Management AB SE 0 2 250 531 0.3 % 0.0 % 0.1 % 0.0 %
17 SEB AB, Luxembourg Branch SE 2 177 2 126 204 0.3 % 0.2 % 0.1 % 0.2 %
18 Danske Invest Finnish Equity Fund FI 0 2 000 000 0.3 % 13.0 % 0.1 % 13.0 %
19 Säästöpankki Korko Plus Investment Fund FI 0 1 756 880 0.2 % n/a 0.1 % n/a
20 Swedbank Insurance SE 20 578 1 461 057 0.2 % 5.0 % 0.1 % 4.1 %

*Entirely owned by the Finnish State.
**As confirmed to Stora Enso.

Shareholders' announcements

The free float of Stora Enso shares excluding shareholders with holdings of more than 5% of shares or votes is more than 70% of the total number of shares issued.

Major shareholders' announcements:

6 July 2021:

Wallenberg Investments AB’s indirect holding in Stora Enso’s shares exceeded the threshold of 10%. Wallenberg Investments AB acquired all shares of FAM AB, becoming an indirect owner of Stora Enso Oyj. FAM AB remains the direct owner of the shares in Stora Enso Oyj.

20 June 2017:

The number of holdings of Varma Mutual Pension Insurance Company in Stora Enso’s shares fell below the threshold of 5%.

29 June 2016:

The number of holdings of BlackRock Inc. in Stora Enso’s shares including holding through financial instruments fell below the threshold of 5%.

25 April 2016:

The holdings of Norges Bank (The Central Bank of Norway) in Stora Enso’s shares including holding through financial instruments fell below the threshold of 5%.

14 April 2016:

The holding of Norges Bank (The Central Bank of Norway) in Stora Enso has decreased below 5% of Stora Enso's shares.

21 March 2016:

The number of indirect holdings of BlackRock Inc. and its funds in Stora Enso shares has increased over the threshold of 5%.

19 February 2016:

The number of holdings of BlackRock Inc. and its funds in Stora Enso shares has fell below level of 5% of the share capital in Stora Enso Oyj.

5 January 2016:

The number of indirect holding of BlackRock Inc. in Stora Enso shares has increased over the threshold of 5%.

4 January 2016:

The number of indirect holding of BlackRock Inc. in Stora Enso shares has fell below level of 5% of the share capital in Stora Enso Oyj.

31 December 2015:

The number of indirect holding of BlackRock Inc. in Stora Enso shares has reached the threshold of 5%.

5 May 2015:

The number of shares in Stora Enso Oyj held by Norges Bank has exceeded 5% of the paid-up share capital and the number of shares in Stora Enso Oyj.

16 April 2015:

The holding of Norges Bank (The Central Bank of Norway) in Stora Enso has decreased below 5% of Stora Enso's shares.

8 May 2014:

The number of shares in Stora Enso Oyj held by Norges Bank has exceeded 5% of the paid-up share capital and the number of shares in Stora Enso Oyj.

22 April 2014:

The holding of Norges Bank (The Central Bank of Norway) in Stora Enso has decreased below 5% of Stora Enso's shares.

25 June 2013:

After a return of shares lent out the holding of Norges Bank (The Central Bank of Norway) in Stora Enso has increased over 5% of Stora Enso's shares.

20 June 2013:

The holding of Norges Bank (The Central Bank of Norway) in Stora Enso has decreased below 5% of Stora Enso's shares.

28 May 2013:

After a return of shares lent out the holding of Norges Bank (The Central Bank of Norway) in Stora Enso has increased over 5% of Stora Enso's shares.

24 April 2013:

The holding of Norges Bank (The Central Bank of Norway) in Stora Enso has decreased below 5% of Stora Enso's shares.

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