*SHARES SUBSCRIBED WITH OPTIONS: STOCKMA

HEX HELSINKI SECURITIES EXCHANGE RELEASE 181/2003 SHARES 30 June 2003

SHARES SUBSCRIBED WITH OPTIONS: STOCKMANN OYJ ABP

A total of 5 580 B-shares have been subscribed with the Stockmann Oyj Abp´s 1999 Loyal Customer share options. The shares will be traded on Helsinki Exchanges as old shares as of 1 July 2003.

Identifiers of Stockmann Oyj Abp's B-share as of 1 July 2003:

HELSINKI EXCHANGES Pekka Peiponen