THE PROPOSAL OF THE APPOINTMENTS AND COMPENSATION COMMITTEE FOR THE COMPOSITION AND REMUNERATION OF

STOCKMANN plc STOCK EXCHANGE RELEASE February 3, 2006, at 16.00

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 proposes to the Annual General Meeting, which will be held on March 21, 2006, that seven members be elected to seats on the Board and that the present Board members, Lasse Koivu, managing director; Erkki Etola, managing director; Eva Liljeblom, professor; Kari Niemistö, managing director; Christoffer Taxell, LL.M.; Carola Teir-Lehtinen, corporate executive vice president, communications; and Henry Wiklund, managing director; be re-elected, to a period of office up to the end of the next Annual General Meeting.

The Committee proposes that the remuneration to the Board of Directors be still paid in the form of the company's shares and the fixed emoluments be EUR 70 000 per year to the chairman, EUR 45 000 per year to the vice chairman and EUR 35 000 per year to the Board members. In addition, a meeting fee of EUR 500 be paid per meeting. A meeting fee is paid for the meetings of the Committee as well.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Stock Exchange Principal media