NOTICE TO SHAREHOLDERS OF STOCKMANN plc ABOUT A SUBSIDIARY MERGER

STOCKMANN plc Company Announcement 3.3.2010 at 9.00

NOTICE TO SHAREHOLDERS OF STOCKMANN plc ABOUT A SUBSIDIARY MERGER

Stockmann plc (business ID: 0114162-2) and its wholly-owned subsidiary Oy Hobby Hall Ab (business ID: 0195576-5) have signed a draft terms of merger on 11 February 2010 according to which Oy Hobby Hall Ab shall merge into its parent company Stockmann plc. The draft terms of merger was registered in the Trade Register on 19 February 2010.

According to the draft terms of merger, Oy Hobby Hall Ab's assets and liabilities shall be transferred to the parent company Stockmann plc without liquidation. No merger consideration will be paid for the merger since the parent company owns all of the shares in the merging company. The merger shall not cause any amendments to the Articles of Association of Stockmann plc. The objective of the merger is to clarify the organization structure, to increase the efficiency of the business operations and to decrease administrative costs. The intended date for registration of the execution of the merger is 30 June 2010. According to a statement by an authorized public accountant (firm of Authorized Public Accountants KPMG Oy / Authorized Public Accountant Henrik Holmbom), the merger does not jeopardize the repayment of Stockmann plc's current debts.

The draft terms of merger including its appendices and the documents defined in the Limited Liability Companies Act (624/2006), Chapter 16, section 11, are available to the shareholders as from today on Stockmann plc's website www.stockmann.com and at the address Aleksanterinkatu 52 B, Helsinki. Copies of these documents will be sent to shareholders on request (enquiries by telephone +358 9 121 3227 or by e-mail to saara.lifflander@stockmann.com).

If Stockmann plc's shareholders who hold altogether at least five (5) per cent of the shares in the company, within one month of the publication of this notice, demand in writing that the decision on the merger be made by the General Meeting, an Extraordinary General Meeting will be convened in accordance with the Limited Liability Companies Act and the Articles of Association. The demand shall be submitted in writing to Stockmann plc to the address Stockmann plc, Legal Affairs, P.O. Box 220, 00101 Helsinki, Finland.

Helsinki, 3 March 2010

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION NASDAQ OMX Principal media





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