STOCKMANN’S EXTRAORDINARY GENERAL MEETING ON DECEMBER 8, 2004

STOCKMANN plc STOCK EXCHANGE RELEASE December 8, 2004, at 14.00

STOCKMANN’S EXTRAORDINARY GENERAL MEETING ON DECEMBER 8, 2004

The Extraordinary General Meeting of Stockmann plc, held in Helsinki on
December 8, 2004, decided that an extra dividend of EUR 1.00 per share be
paid for last year.

Stockmann’s CEO Hannu Penttilä said in the company’s Extraordinary General
Meeting in Helsinki on December 8, 2004, that Stockmann has the reputation
of paying good dividends. Penttilä pointed out that good reasons for the
extra dividend proposed by the Board of Directors are, in addition to the
company’s good earnings trend, Stockmann’s strong financial position and
high equity ratio as well as the unused tax surpluses from previous years,
which become useless as the tax reform becomes effective at the turn of
the year.

Extra dividend EUR 1.00 per share

In accordance with the Board’s proposal, the Extraordinary General Meeting
resolved that an extra dividend of EUR 1.00 per share be paid on the basis
of the adopted balance sheet for the financial year ended December 31,
2003, in addition to the EUR 1.35 (0.90 + 0.45) dividend resolution that
was passed at the Annual General Meeting on March 30, 2004. The total
amount of the extra dividend payout is EUR 52.8 million. The extra
dividend will be paid to shareholders who on the record date of the
dividend payout, December 13, 2004, have been entered in the Shareholder
Register kept by Finnish Central Securities Depository Ltd. The extra
dividend will be paid out on December 20, 2004.

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
Helsinki Exchanges
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