STOCKMANN plc: EXERCISE OF SHARE OPTIONS 2000

STOCKMANN plc STOCK EXCHANGE ANNOUNCEMENT May 17, 2006, at 10.30

STOCKMANN plc: EXERCISE OF SHARE OPTIONS 2000

A total of 84 050 Stockmann plc Series B shares with a par value of EUR 2.00 have been 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 168 100.

A total of 2 500 000 new Series B shares with a par value of EUR 2.00 can be subscribed for with the 2000 A, B and C share options listed on the Helsinki Exchanges. The subscription price with option A is now EUR 12.85, the subscription price with option B is EUR 13.85 and the subscription price with option C is EUR 14.85 per share. The eventual 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 109 134 184 and the total number of Series B shares in issue is 30 002 849. The shares were registered on May 17, 2006. They will be listed on the Helsinki Exchanges together with the old shares on May 18, 2006.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Stock Exchange Principal media