THE PROPOSAL OF THE APPOINTMENTS AND COMPENSATION COMMITTEE FOR THE COMPOSITION AND REMUNERATION OF

STOCKMANN plc STOCK EXCHANGE RELEASE January 30, 2007, at 12.15

THE PROPOSAL OF THE APPOINTMENTS AND COMPENSATION COMMITTEE FOR THE COMPOSITION AND REMUNERATION OF STOCKMANN'S BOARD OF DIRECTORS

The Appointments and Compensation Committee of Stockmann plc's Board of Directors has in its meeting decided to propose to the Annual General Meeting, which will be held on March 20, 2007, the following:

To seats on the Board be elected seven members or the present number.

Following the notification of Lasse Koivu, Chairman of the Board, that he does not wish to stand for re-election, the Appointments and Compensation Committee proposes that the present Board members, Erkki Etola, managing director; Eva Liljeblom, professor; Kari Niemistö, managing director; Christoffer Taxell, LL.M.; Carola Teir-Lehtinen, corporate executive vice president, communications; and Henry Wiklund, managing director; be re- elected to a period of office up to the end of the next Annual General Meeting. The Committee further proposes that as a new member of the Board, for the same period of office, be elected, having given his consent, Kaj- Gustaf Bergh, managing director of Föreningen Konstsamfundet r.f. At its organization meeting, the Board of Directors will elect amongst its number the Chairman, the Vice Chairman and the members of the Appointments and Compensation Committee.

The Committee proposes that the remuneration to the Board of Directors be still paid in the form of the company's shares and that the remuneration and the meeting fee be kept at the present level. Consequently, the fixed emoluments be EUR 70 000 per year to the chairman, EUR 45 000 per year to the vice chairman and EUR 35 000 per year to the Board members. In addition, a meeting fee of EUR 500 be paid per meeting. A meeting fee is paid for the meetings of the Committee as well.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Stock Exchange Principal media





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