STORA ENSO OYJ 2023-2024 Proxy Voting Records

Description as filed by funds: Reelect Hakan Buskhe (Vice-Chair), Elisabeth Fleuriot, Helena Hedblom, Astrid Hermann, Kari Jordan (Chair), Christiane Kuehne and Richard Nilsson as Directors; Elect Reima Rytsola as New Director

The 45 asset managers below reported 17,990,337 for, 30,662,396 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 45 asset managers. All 45 are in the interactive database (link above).

The 13 asset managers below reported this as one line covering every nominee; it is not attributed to any one director, and no share total is shown for it.

Description as filed by funds: ELECTION OF CHAIR, VICE CHAIR AND OTHER MEMBERS OF THE BOARD OF DIRECTORS: THE SHAREHOLDERS' NOMINATION BOARD PROPOSES TO THE AGM AS ANNOUNCED ON 10 JANUARY 2024 THAT OF THE CURRENT MEMBERS OF THE BOARD OF DIRECTORS, HAKAN BUSKHE, ELISABETH FLEURIOT, HELENA HEDBLOM, ASTRID HERMANN, KARI JORDAN, CHRISTIANE KUEHNE, AND RICHARD NILSSON BE RE-ELECTED MEMBERS OF THE BOARD OF DIRECTORS UNTIL THE END OF THE FOLLOWING AGM AND THAT REIMA RYTSOLA BE ELECTED NEW MEMBER OF THE BOARD OF DIRECTORS FOR THE SAME TERM OF OFFICE. ANTTI MAKINEN HAS ANNOUNCED THAT HE IS NOT AVAILABLE FOR RE-ELECTION TO THE BOARD OF DIRECTORS. THE SHAREHOLDERS' NOMINATION BOARD PROPOSES THAT KARI JORDAN BE ELECTED CHAIR AND HAKAN BUSKHE BE ELECTED VICE CHAIR OF THE BOARD OF DIRECTORS. REIMA RYTSOLA, BORN IN 1969, FINNISH CITIZEN WITH A MASTER'S DEGREE IN POLITICAL SCIENCE (ECONOMICS), IS A SENIOR INVESTMENT AND FINANCE LEADER WITH EXTENSIVE EXPERIENCE IN FINNISH FINANCIAL INSTITUTIONS. HE IS CURRENTLY ACTING AS CEO OF SOLIDIUM OY SINCE AUGUST 2022. PRIOR TO HIS CURRENT POSITION, RYTSOLA ACTED AS THE DEPUTY CEO AND CHIEF INVESTMENT OFFICER AT VARMA MUTUAL PENSION INSURANCE COMPANY (2014-2022) AND WORKED IN VARIOUS POSITIONS IN POHJOLA BANK, AMONGST OTHERS AS SENIOR EXECUTIVE VICE PRESIDENT, HEAD OF BANKING (2008-2013). HE IS INDEPENDENT OF THE COMPANY BUT NOT OF ITS SHAREHOLDERS DUE TO HIS POSITION AS CEO OF SOLIDIUM. CURRENTLY, RYTSOLA DOES NOT OWN SHARES IN STORA ENSO

The 7 asset managers below reported 258,003 for, 459,319 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: RESOLUTION ON THE DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE CEO FROM LIABILITY FOR THE FINANCIAL PERIOD 1 JANUARY 2023 - 31 DECEMBER 2023

The 7 asset managers below reported 690,780 for, 26,542 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: RESOLUTION ON THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS: THE SHAREHOLDERS' NOMINATION BOARD PROPOSES TO THE AGM AS ANNOUNCED ON 10 JANUARY 2024 THAT THE BOARD OF DIRECTORS SHALL HAVE EIGHT (8) MEMBERS

The 7 asset managers below reported 717,322 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: RESOLUTION ON THE REMUNERATION FOR THE MEMBERS OF THE BOARD OF DIRECTORS

The 7 asset managers below reported 690,780 for, 26,542 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 43 managers: 48,652,555 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports, all 1 managers: 2,584,370 for.

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

The 3 asset managers below reported 94,860 not voted.

The 45 asset managers below reported 48,653,037 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 45 asset managers. All 45 are in the interactive database (link above).

The 45 asset managers below reported 48,653,037 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 45 asset managers. All 45 are in the interactive database (link above).

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON THE ISSUANCE OF SHARES

The 7 asset managers below reported 717,322 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE OF THE COMPANY'S OWN SHARES

The 7 asset managers below reported 717,322 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

The 45 asset managers below reported 48,652,795 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 45 asset managers. All 45 are in the interactive database (link above).

The 45 asset managers below reported 48,653,589 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 45 asset managers. All 45 are in the interactive database (link above).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 43 managers: 48,652,555 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports, all 1 managers: 13,275,730 for.

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: ADOPTION OF THE ANNUAL ACCOUNTS

The 7 asset managers below reported 717,322 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: RESOLUTION ON THE USE OF THE PROFIT SHOWN ON THE BALANCE SHEET AND THE DISTRIBUTION OF DIVIDEND: THE PARENT COMPANY'S DISTRIBUTABLE CAPITAL AS AT 31 DECEMBER 2023 WAS EUR 1,542,290,968.57, OF WHICH THE PROFIT FOR THE FINANCIAL YEAR WAS EUR 44,769,653.04.THE BOARD OF DIRECTORS PROPOSES TO THE AGM THAT A DIVIDEND OF EUR 0.10 PER SHARE (WHICH WOULD CORRESPOND TO EUR 78,861,998.70 IN AGGREGATE FOR ALL CURRENTLY REGISTERED 788,619,987 SHARES) BE DISTRIBUTED ON THE BASIS OF THE BALANCE SHEET TO BE ADOPTED FOR THE YEAR 2023.THE DIVIDEND WOULD BE PAID TO SHAREHOLDERS WHO ON THE RECORD DATE OF THE DIVIDEND PAYMENT, 22 MARCH 2024, ARE RECORDED IN THE SHAREHOLDERS' REGISTER MAINTAINED BY EUROCLEAR FINLAND OY OR IN THE SEPARATE REGISTER OF SHAREHOLDERS MAINTAINED BY EUROCLEAR SWEDEN AB FOR EUROCLEAR SWEDEN REGISTERED SHARES. DIVIDENDS PAYABLE FOR EUROCLEAR SWEDEN REGISTERED SHARES WILL BE FORWARDED BY EUROCLEAR SWEDEN AB AND PAID IN SWEDISH CROWNS. DIVIDENDS PAYABLE TO ADR HOLDERS WILL BE FORWARDED BY CITIBANK N.A. AND PAID IN US DOLLARS. THE DIVIDEND WOULD BE PAID ON OR ABOUT 4 APRIL 2024.IN ADDITION, THE BOARD OF DIRECTORS PROPOSES THAT THE AGM WOULD AUTHORISE THE BOARD OF DIRECTORS TO DECIDE AT ITS DISCRETION ON THE PAYMENT OF AN ADDITIONAL DIVIDEND UP TO A MAXIMUM OF EUR 0.20 PER SHARE (WHICH WOULD CORRESPOND TO EUR 157,723,997.40 IN AGGREGATE FOR ALL CURRENTLY REGISTERED 788,619,987 SHARES). BASED ON THE AUTHORISATION, IT WOULD ALSO BE POSSIBLE TO RESOLVE ON DISTRIBUTING THE ADDITIONAL DIVIDEND IN ONE OR SEVERAL INSTALMENTS.THE AUTHORISATION WOULD BE VALID UNTIL 31 DECEMBER 2024. THE COMPANY WILL PUBLISH POSSIBLE RESOLUTIONS OF THE BOARD OF DIRECTORS ON DIVIDEND PAYMENTS AND CONFIRM THE RECORD AND PAYMENT DATES OF THE DIVIDEND PAYMENTS IN CONNECTION WITH SUCH RESOLUTIONS. THE DIVIDEND PAID BASED ON THE AUTHORISATION WOULD BE PAID TO SHAREHOLDERS WHO ON THE RECORD DATE OF THE DIVIDEND PAYMENT IN QUESTION ARE RECORDED IN THE SHAREHOLDERS' REGISTER MAINTAINED BY EUROCLEAR FINLAND OY OR IN THE SEPARATE REGISTER OF SHAREHOLDERS MAINTAINED BY EUROCLEAR SWEDEN AB FOR EUROCLEAR SWEDEN REGISTERED SHARES.

The 7 asset managers below reported 717,322 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

The 3 asset managers below reported 94,860 not voted.

The 3 asset managers below reported 94,860 not voted.

The 3 asset managers below reported 94,860 not voted.

The 3 asset managers below reported 94,860 not voted.

The 3 asset managers below reported 94,860 not voted.

The 3 asset managers below reported 94,860 not voted.

Description as filed by funds: Approve Remuneration of Directors in the Amount of EUR 215,270 for Chairman, EUR 121,540 for Vice Chairman and EUR 83,430 for Other Directors; Approve Remuneration for Committee Work

The 45 asset managers below reported 48,655,205 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 45 asset managers. All 45 are in the interactive database (link above).

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 43 managers: 29,693,094 for, 18,959,461 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports, all 4 managers: 2,650 for, 2,685,563 against.

Description as filed by funds: PRESENTATION AND ADOPTION OF THE REMUNERATION REPORT

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 7 managers: 96,297 for, 621,025 against.

Institutional-manager reports, all 8 managers: 517,995 for, 628,328 against, 14,430,681 not voted.

The 13 asset managers below reported 4,606,820 for, 862 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 43 managers: 48,652,555 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports, all 1 managers: 1,788,026 for.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 43 managers: 48,652,555 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports, all 1 managers: 2,584,370 for.

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

The 13 asset managers below reported 4,607,682 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: ELECTION OF AUDITOR: ON THE RECOMMENDATION OF THE FINANCIAL AND AUDIT COMMITTEE, THE BOARD OF DIRECTORS PROPOSES TO THE AGM THAT PRICEWATERHOUSECOOPERS OY BE ELECTED AS THE AUDITOR UNTIL THE END OF THE COMPANY'S NEXT AGM. PRICEWATERHOUSECOOPERS OY HAS NOTIFIED THE COMPANY THAT IN THE EVENT IT WILL BE ELECTED AS THE AUDITOR, SAMULI PERALA, APA, WILL ACT AS THE PRINCIPALLY RESPONSIBLE AUDITOR

The 7 asset managers below reported 717,322 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Description as filed by funds: RESOLUTION ON THE REMUNERATION FOR THE AUDITOR

The 7 asset managers below reported 717,322 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.