STOCKMANN GROUP’S SALES IN MAY

STOCKMANN plc STOCK EXCHANGE BULLETIN June 11, 2003, 11.00 a.m.

STOCKMANN GROUP’S SALES IN MAY

In May, the Stockmann Group’s sales were up 11 per cent, amounting to EUR
146.0 million. Sales by the Vehicle Division continued to grow vigorously
and were up as much as 33 per cent on May last year. The Department Store
Division’s sales grew by 7 per cent and Hobby Hall’s sales by 2 per cent.
The fashion business in Finland has all the spring been tame. That was
reflected also in Seppälä’s sales, which were 10 per cent down on May
2002. Seppälä’s largest store in Estonia, located in Tallinn’s Viru
Centre, will be closed for renovation for about a year.

Sales figures in May and in January-May

May January-May January-
December
2003 2002 Ind. 2003 2002 Ind. 2002
EUR EUR 03/02 EUR EUR 03/02 EUR
mill. mill. mill. mill. mill.

Department Store 65.4 61.2 107 325.9 317.6 103 811.1
Division
Vehicle Division 46.4 35.0 133 209.1 160.1 131 398.9
Hobby Hall 22.7 22.3 102 97.7 99.5 98 237.1
Seppälä 11.4 12.7 90 46.0 47.7 96 132.7
Real Estate+others 0.1 0.2 0.4 0.3 2.5
Stockmann total 146.0 131.4 111 679.0 625.3 109 1 582.3

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
Helsinki Exchanges
Principal media