Annual General Meeting

The highest decision-making body of Stockmann plc is the general meeting of shareholders. The Annual General Meeting shall be held each year before the end of June. Stockmann has one series of shares. Each share confers one vote at the Annual General Meeting.

At the Annual General Meeting the shareholders annually approve:

• the financial statements and the Report of the Board of Directors
• the Auditors' Report

decide on

• any measures to be taken in regard of the profit or loss shown in the adopted Balance Sheet
• granting of release from liability to the members of the Board of Directors and the Managing Director
• the election and remuneration of the members of the Board of Directors and auditors

A notice convening an Annual General Meeting of Shareholders is published in a newspaper which is determined by the Board of Directors and comes out in the Helsinki area or on the Company's internet site, no more than three months before the record date for the Annual General Meeting of Shareholders referred to in the Companies Act and no less than three weeks before the Annual General Meeting of Shareholders, however, at least nine days before the said record date. The Annual General Meeting shall be held each year before the end of June.

In order to participate in a General Meeting, a shareholder who has been entered in the Shareholder Register must notify the Company of his intention to attend the meeting at the time and place mentioned in the notice of meeting.