Mar 31, 2005. /Lesprom Network/. Stora Enso (NYSE:SEO) announced that Stora Enso share capital has been reduced through the cancellation of Stora Enso shares held by the Company, as decided by the AGM on 22 March 2005. The share capital was reduced by Euro 41 252 710 through the cancellation of 16 300 Series A shares and 24 250 000 Series R shares. The new share capital is Euro 1 382 061 068.30. The reduction in share capital was registered in the Finnish Trade Register on 31 March 2005. Breakdown of shares after cancellation: A shares - 179 030 345 R shares - 633 946 754 Total - 812 977 099 Stora Enso North America option programme Following the acquisition of Consolidated Papers, Inc. the Board of Directors decided to convert the Consolidated Papers' share option plans into Stora Enso share option plans. During February and March 2005 a total of 7 159 R shares were subscribed against North American stock options. These R shares were previously held by the Company. After the subscription the Company holds: A shares - R shares - 1 420 624