Stockmann plc ("Stockmann") announced on 1 October 2007 a public tender offer (the "Offer") for all the outstanding shares in AB Lindex (publ) ("Lindex").

The completion of the Offer is subject to the fulfillment of the conditions set out in the offer document, including necessary regulatory approvals. In addition to the approvals by the Finnish and Estonian Competition Authorities that have been announced previously, Stockmann has today been informed of the Latvian Competition Authority's decision according to which the acquisition pursuant to the Offer has been approved on 14 November 2007. As Stockmann is not aware of any other regulatory approvals that are necessary with respect to the Offer, the above condition to completion of the Offer has been fulfilled.

The completion of the Offer is still subject to the fulfillment of the other conditions set out in the offer document.

The acceptance period under the Offer will expire on 30 November 2007. Settlement will begin as soon as possible thereafter. Stockmann reserves the right to extend the acceptance period as well as to defer the date for settlement.

Helsinki, 21 November 2007


Hannu Penttilä CEO

DISTRIBUTION OMX Nordic Exchange Helsinki Principal media

This announcement is not and must not, directly or indirectly, be distributed or made public in Australia, Canada, Japan or South Africa. The Offer is not being made to persons in those jurisdictions or elsewhere where their participation requires further offer, filings or other measures in addition to those required by Swedish law. This announcement shall not constitute an offer to buy or the solicitation of an offer to sell any securities. Investors are urged to read the offer document relating to the Offer as it contains important information regarding the Offer.

The Offer described in this announcement is made for the securities of Lindex and is subject to the laws of Sweden. It is important that U.S. holders understand that the Offer is subject to disclosure and takeover laws and regulations in Sweden that may be different from those in the United States. To the extent applicable, Stockmann will comply with Regulation 14E under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). Stockmann does intend, however, to treat the Offer as an offer on which the "Tier II" exemption mentioned in Rule 14d-1 (d) under the Exchange Act is applicable.