STOCKMANN plc: EXERCISE OF LOYAL CUSTOMER SHARE OPTIONS AND SHARE OPTIONS 2000

STOCKMANN plc STOCK EXCHANGE ANNOUNCEMENT June 29, 2005, at 10.15

STOCKMANN plc: EXERCISE OF LOYAL CUSTOMER SHARE OPTIONS AND SHARE OPTIONS 2000

During the share subscription period from May 2, 2005, to May 31, 2005, a total of 343,902 Stockmann plc Series B shares with a par value of EUR 2.00 were subscribed for as a result of an exercise of the Company's Loyal Customer share options. 12,851 Loyal Customers exercised their subscription right. The corresponding increase in the Company's share capital was EUR 687,804. The subscription price was EUR 8.81 per share.

During the years 2001-2005, a total of 950,835 Stockmann plc Series B shares were subscribed for as a result of an exercise of the Loyal Customer share options. The subscription period expired on May 31, 2005.

A total of 30,850 Stockmann plc Series B shares with a par value of EUR 2.00 were subscribed for as a result of an exercise of the Company's share options 2000. The corresponding increase in the Company's share capital was EUR 61,700. A total of 2,500,000 new Series B shares can be subscribed for with the 2000 A, B and C share options listed in the Helsinki Exchanges. The subscription price with option A is now EUR 13.95 per share, the subscription price with option B is EUR 14.95 per share and the subscription price with option C is EUR 15.95 per share. The dividends payable annually are deducted from the subscription price. The subscription period for shares with the share options 2000 will expire on April 1, 2007.

As a result of these increases, Stockmann plc's share capital now totals EUR 107,695,424 and the total number of Series B shares in issue is 29,283,469. The shares were registered on June 29, 2005. They will be listed on the Helsinki Exchanges together with the old shares on June 30, 2005.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Exchanges Principal media