11,650 STOCKMANN SERIES A SHARES CONVERTED TO SERIES B SHARES

STOCKMANN plc STOCK EXCHANGE ANNOUNCEMENT December 21, 2004, at 13.30

11,650 STOCKMANN SERIES A SHARES CONVERTED TO SERIES B SHARES

The Board of Directors of Stockmann plc has in its meeting on November 15,
2004, approved the request of a shareholder to convert 11,650 Series A
shares to Series B shares in accordance with Article 3 in the Articles of
Association of Stockmann plc. The conversions of shares were registered on
December 21, 2004. The converted shares will be listed on the Helsinki
Exchanges together with the old shares on December 22, 2004.

The share capital of Stockmann plc is divided into Series A and Series B
shares. Series A shares carry ten votes and Series B shares one vote. The
par value of both series of shares is EUR 2.00 and the shares of both
series entitle their holders to an equal dividend.

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
Helsinki Exchanges
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