*SHARES SUBSCRIBED WITH WARRANTS: STOCKM

HEX HELSINKI SECURITIES EXCHANGE RELEASE 377/2003
SHARES 30 December 2003

SHARES SUBSCRIBED WITH WARRANTS: STOCKMANN PLC

A total of 2 800 B-shares have been subscribed with the
warrants attached to Stockmann Plc’s 1997 bond with warrant.
The shares will be traded on Helsinki Exchanges as old shares as
of 2 January 2004.

Identifiers of Stockmann Oyj Abp’s B-share:

Trading code: STOBV
ISIN code: FI0009000251
Number of shares: 27 890 448

HELSINKI EXCHANGES
Pekka Peiponen