STOCKMANN REFORMS THE ORGANIZATION OF THE DEPARTMENT STORE DIVISION AS FROM JANUARY 1, 2008

The director of Stockmann's department stores in Finland, Karl Stockmann, will retire on January 1, 2008. As from the same date, Stockmann has decided to integrate the company's department stores in Finland and the Baltic countries under the same management and to make the department stores in Russia a separate area of responsibility.

As director of the department stores in Finland and the Baltic countries effective January 1, 2008, has been appointed Maisa Romanainen. Her present position is the director of Stockmann's international department stores. As director of the Stockmann department stores in Russia effective January 1, 2008, has been appointed Jouko Pitkänen. His present position is commercial director for Stockmann's operations in St Petersburg. Both directors will report to Heikki Väänänen, Stockmann's executive vice president and director of the Department Store Division.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION OMX Nordic Exchange Helsinki Principal media





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