STOCKMANN'S EXTRAORDINARY GENERAL MEETING ON DECEMBER 8, 2004

STOCKMANN plc STOCK EXCHANGE RELEASE December 8, 2004, at 14.00

STOCKMANN'S EXTRAORDINARY GENERAL MEETING ON DECEMBER 8, 2004

The Extraordinary General Meeting of Stockmann plc, held in Helsinki on December 8, 2004, decided that an extra dividend of EUR 1.00 per share be paid for last year.

Stockmann's CEO Hannu Penttilä said in the company's Extraordinary General Meeting in Helsinki on December 8, 2004, that Stockmann has the reputation of paying good dividends. Penttilä pointed out that good reasons for the extra dividend proposed by the Board of Directors are, in addition to the company's good earnings trend, Stockmann's strong financial position and high equity ratio as well as the unused tax surpluses from previous years, which become useless as the tax reform becomes effective at the turn of the year.

Extra dividend EUR 1.00 per share

In accordance with the Board's proposal, the Extraordinary General Meeting resolved that an extra 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 EUR 1.35 (0.90 + 0.45) dividend resolution that was passed at the Annual General Meeting on March 30, 2004. The total amount of the extra dividend payout is EUR 52.8 million. The extra dividend will be paid to shareholders who on the record date of the dividend payout, December 13, 2004, have been entered in the Shareholder Register kept by Finnish Central Securities Depository Ltd. The extra dividend will be paid out on December 20, 2004.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media





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