STOCKMANN plc: EXERCISE OF SHARE OPTIONS 2000

STOCKMANN plc STOCK EXCHANGE ANNOUNCEMENT November 10, 2006, at 9.30

STOCKMANN plc: EXERCISE OF SHARE OPTIONS 2000

A total of 156 242 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 312 484.

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 110 087 568 and the total number of Series B shares in issue is 30 479 541. The number of Series A shares is 24 564 243. The new shares were registered on November 10, 2006. They will be listed on the Helsinki Exchanges together with the old shares on November 13, 2006. A total of 1 050 028 shares can still be subscribed for with the 2000 share options.

STOCKMANN plc

Hannu Penttilä CEO

DISTRIBUTION Helsinki Stock Exchange Principal media