STOCKMANN'S CEO HANNU PENTTILÄ APPOINTED AS PRESIDENT OF THE INTERNATIONAL DEPARTMENT STORE ORGANIZA

STOCKMANN plc RELEASE October 19, 2006 at 11.45

STOCKMANN'S CEO HANNU PENTTILÄ APPOINTED AS PRESIDENT OF THE INTERNATIONAL DEPARTMENT STORE ORGANIZATION IADS

The general assembly of the international department store organization IADS at present assembled in Berlin, appointed today, October 19, 2006, Stockmann's CEO Hannu Penttilä as president of the organization for the next biennium. Penttilä's predecessor as chairman is Philippe Houzé, CEO of the French Galeries Lafayette.

IADS (International Association of Department Stores), with headquarters in Paris, is an organization representing 22 department store companies in different parts of the world. The cooperation within IADS, as well as exchange of information and experience, are of great importance to the business operations of the member companies. Among the members are e.g. Galeries Lafayette of France, de Bijenkorf of Holland, Kaufhof and Breuninger of Germany, Globus of Switzerland, John Lewis Partnership of England, El Corte Ingles of Spain and Hudson's Bay Company of Canada. The most distant member companies are Falabella of Chile and Beijing Hualian in China. Stockmann is the only Finnish company among the members.

STOCKMANN plc

Juhana Häme Manager, Corporate Communications

DISTRIBUTION Helsinki Stock Exchange Principal media