NOTICE OF EXTRAORDINARY GENERAL MEETING OF STOCKMANN PLC

STOCKMANN plc STOCK EXCHANGE RELEASE November 17, 2004, at 9.00

NOTICE OF EXTRAORDINARY GENERAL MEETING OF STOCKMANN PLC

The shareholders of Stockmann plc are hereby notified of the Extraordinary General Meeting that will be held on Wednesday, December 8, 2004, at 12.00 noon in the Congress Wing of Finlandia Hall at the address Mannerheimintie 13 e, 00100 Helsinki. In addition to advance registration, shareholders must also register for the meeting, for which registration will begin at 10.30 a.m.

The following items are on the agenda:

1. Distribution of a bonus dividend The Board of Directors will propose to the Extraordinary General Meeting that a bonus dividend of EUR 1.00 per share be paid on the basis of the adopted balance sheet for the financial year ended December 31, 2003, in addition to the dividend resolution that was passed at the Annual General Meeting on March 30, 2004.

If the General Meeting approves the Board of Directors' proposal for a bonus dividend, the dividend will be paid to shareholders who on the record date for the dividend payout, December 13, 2004, have been entered in the Shareholder Register kept by Finnish Central Securities Depository Ltd. The Board of Directors will propose that the bonus dividend be paid out on December 20, 2004.

In respect of those shareholders who have not transferred their share certificates to the book-entry system by the record date, the dividend payout will be made to them after they have transferred their shares to the book-entry system.

The Board of Directors' proposal is available for inspection by shareholders as from November 29, 2004, at the company's Head Office, Aleksanterinkatu 52 B, 8th floor, Helsinki (Ms Christina Harjunpää). Copies of the documents will be sent to shareholders upon request.

Right to participate Those shareholders are entitled to participate in the General Meeting, who have been entered on November 26, 2004, as shareholders in the Shareholder Register kept by Finnish Central Securities Depository Ltd and who have registered for the meeting no later than on December 3, 2004.

A shareholder whose shares have not been transferred to the book-entry system also has the right to participate in the General Meeting providing that the shareholder has been registered in the company's Share Register before September 28, 1994. In this case the shareholder must present, at the General Meeting, his share(s) or other documentation indicating that title to the shares has not been transferred to the book-entry system.

Registration Shareholders wishing to participate in the General Meeting must notify the company of their intention to attend no later than on December 3, 2004, by 4.00 p.m. by telephoning +358-9-2300 or by email on agm@stockmann.fi. If a participant in the meeting represents a shareholder by proxy, we request that proxy forms for a designated person be delivered to the company no later than by December 7, 2004, at the address Stockmann plc, Petra Laakso, P.O. Box 147, 00381 Helsinki.

Helsinki, November 15, 2004

BOARD OF DIRECTORS

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media





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