STOCKMANN APPLIES FOR LISTING OF THE 200

STOCKMANN plc STOCK EXCHANGE ANNOUNCEMENT June 24, 2004, at 14.00

STOCKMANN APPLIES FOR LISTING OF THE 2000A AND 2000B SHARE OPTIONS TO MAIN
LIST

Stockmann plc applies for listing of the A and B share options 2000 to the
Helsinki Exchange Main List as of June 29, 2004.

The total number of 2000A share options is 625,000 and that of 2000B share
options also 625,000. Each option entitles its holder to subscribe for one
Series B share in Stockmann plc. In the aggregate, the 2000A and 2000B
share options entitle holders to subscribe for 1,250,000 Series B shares
at the most.

The shares can be subscribed with the 2000A and 2000B share options until
April 1, 2007. The share subscription price through the exercise of the
2000A share options is EUR 15.95 per share and through the exercise of the
2000B share options EUR 16.95 per share. The dividends payable annually
shall be deducted from the share subscription price.

Further information:
Mr Jukka Naulapää, Company Lawyer, tel. +358 9 121 3850.

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
Helsinki Exchanges
Principal media