SUPPLEMENTARY INFORMATION TO STOCKMANN’S

STOCKMANN plc STOCK EXCHANGE RELEASE February 12, 2004, 13.45 p.m.

SUPPLEMENTARY INFORMATION TO STOCKMANN’S FINANCIAL STATEMENT BULLETIN 2003

As a supplementary information to Stockmann’s Financial Statement Bulletin
published on February 12, 2004, the table below shows the Group’s funds
statement which was not published in the Financial Statement Bulletin.

Funds statement, Group

2003 2002
EUR Eur
mill. mill.
CASH FLOW FROM OPERATIONS
Payments from sales 1 416.9 1 315.1
Payments from other operating income 2.3
Payments for operating expenses -1 333.2 -1 234.9
Cash flow from operations before financial items and 85.9 80.1
taxes

Paid interest and payments for other operating -3.8 -4.7
financial expenses
Interest received from operations 11.0 11.4
Direct taxes paid -20.9 -16.6
Cash flow before extraordinary items 72.2 70.2

Cash flow from operational extraordinary items (net)
CASH FLOW FROM OPERATIONS (A) 72.2 70.2

CASH FLOW INTO AND FROM INVESTMENTS
Capital expenditures on tangible and intangible -41.0 -27.0
assets
Cash from tangible and intangible assets 36.6 35.3
Capital expenditures on other investments 0.0 0.0
Cash from other investments 0.4 14.2
Group companies divested 0.8
Dividends from investments 0.3 0.2
CASH FLOW INTO AND FROM INVESTMENTS (B) -3.8 23.5

FINANCIAL CASH FLOW
Change in loans granted, increase (-), decrease (+) 0.1 0.5
Subscriptions with options 16.4 0.0
Change in short-term loans, increase (+), -0.9 -10.8
decrease (-)
Long-term loans drawn down 13.6
Repayments of long-term loans -1.0 -7.9
Dividend paid and other distribution of profits -45.8 -30.6
FINANCIAL CASH FLOW (C) -17.6 -48.9

Change in cash funds (A+B+C) increase (+), 50.8 44.8
decrease (-)

Cash funds at start of the financial year 70.5 25.6
Cash funds at end of the financial year 121.3 70.5

STOCKMANN plc

Hannu Penttilä
CEO

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