STOCKMANN GROUP'S SALES IN NOVEMBER 2003

STOCKMANN plc STOCK EXCHANGE RELEASE December 10, 2003, 15.30 p.m.

STOCKMANN GROUP'S SALES IN NOVEMBER 2003

In November, the Stockmann Group's sales were up 1 per cent and totalled EUR 149.6 million. The best growth in sales, 4 per cent, was reached by the Department Store Division, thanks to the favourable growth in the International Operations. The Department Store Division's sales figures include the sales of the Riga department store in Latvia which was opened in October. Both Seppälä's and the Vehicle Division's sales were down 1 per cent on the previous year. Sales by Hobby Hall were down 3 per cent on the previous year.

After the excellent growth in sales in October, the sales in November turned to be poor. However, the Group sales in October-November still grew by 5.5 per cent. The warm and rainy weather in November had a negative impact especially on the clothing business. This year's continuos growth in the vehicle sales ceased as the sales of trade-in vehicles were clearly down on the last year's figures.

Sales figures in November and in January-November

November January-November January- December

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media