JUSSI KUUTSA APPOINTED A MEMBER OF THE STOCKMANN GROUP'S MANAGEMENT COMMITTEE

STOCKMANN plc STOCK EXCHANGE RELEASE January 10, 2006, at 12.00

JUSSI KUUTSA APPOINTED A MEMBER OF THE STOCKMANN GROUP'S MANAGEMENT COMMITTEE

The Stockmann Group's Management Committee has been strengthened by appointing the Department Store Division's director of International Operations, Jussi Kuutsa, M.Sc. (Econ.), as Development Director for the Group's international operations and a member of the Management Committee, effective January 10, 2006.

In line with its strategy, the Stockmann Group is channelling resources energetically into expanding its operations in the markets in Russia and the Baltic countries. To this end, the Group's Management Committee has been strengthened by appointing the Department Store Division's director of International Operations Jussi Kuutsa, M.Sc. (Econ.), as Development Director for the Group's international operations and a member of the Management Committee, effective January 10, 2006. In his new position, Mr Kuutsa will be responsible for acquiring the Group's commercial locations outside Finland and implementing projects as well as for administrative functions abroad and the franchising chain businesses. Mr Kuutsa will report to Executive Vice President Heikki Väänänen on franchising operations, and in exercising his other duties, he will report to CEO Hannu Penttilä. Mr Kuutsa will be based in St Petersburg for the time being.

STOCKMANN plc

Hannu Penttilä CEO

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