THE PROPOSAL OF THE APPOINTMENTS AND COMPENSATION COMMITTEE FOR THE COMPOSITION AND REMUNERATION OF STOCKMANN'S BOARD OF DIRECTORS

STOCKMANN plc Company Announcement 5.2.2009 at 16.30

THE PROPOSAL OF THE APPOINTMENTS AND COMPENSATION COMMITTEE FOR THE COMPOSITION AND REMUNERATION OF STOCKMANN'S BOARD OF DIRECTORS

The Appointments and Compensation Committee of Stockmann plc's Board of Directors has in its meeting decided to propose to the Annual General Meeting, which will be held on March 17, 2009, the following:

To seats on the Board be elected seven members or the present number.

The Committee proposes that the remuneration to the Board of Directors be unchanged and be still paid in the form of the company's shares. Consequently, the fixed emoluments be EUR 76 000 per year to the Chairman, EUR 49 000 per year to the Vice Chairman and EUR 38 000 per year to the Board members. In addition, a meeting fee of EUR 500 be paid per meeting. The meeting fee is paid for the meetings of the Committee as well.

The Appointments and Compensation Committee proposes to the Annual General Meeting that the present Board members, Christoffer Taxell, LL.M., Erkki Etola, managing director, Kaj-Gustaf Bergh, managing director, Eva Liljeblom, professor, Kari Niemistö, managing director, Carola Teir- Lehtinen, director of sustainable development, and Henry Wiklund, managing director, be re-elected, having given their consent, to a period of office up to the end of the next Annual General Meeting. At its organization meeting, the Board of Directors will elect amongst its number the Chairman, the Vice Chairman and the members of the Appointments and Compensation Committee.

STOCKMANN plc

Hannu Penttilä CEO

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