STOCKMANN plc: EXERCISE OF SHARE OPTIONS 2000

STOCKMANN plc STOCK EXCHANGE ANNOUNCEMENT March 16, 2005, at 13.00

STOCKMANN plc: EXERCISE OF SHARE OPTIONS 2000

A total of 4 900 Stockmann plc Series B shares with a par value of EUR
2.00 have been subscribed for as a result of an exercise of the Company’s
share options 2000. The corresponding increase in the Company’s share
capital was EUR 9 800. As a result of the increase, Stockmann plc’s share
capital now totals EUR 106 849 920 and the total number of Series B shares
in issue is 28 860 717. The new shares were registered on March 16, 2005.
They will be listed on the Helsinki Exchanges together with the old shares
on March 17, 2005.

A total of 1 250 000 new Series B shares with a par value of EUR 2.00 can
be subscribed for with the 2000 A and B share options listed on the
Helsinki Exchanges. The subscription price with option A was EUR 14.95 per
share and the subscription price with option B was EUR 15.95 per share.
The subscription period for shares with the share options 2000 will expire
on April 1, 2007.

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
Helsinki Exchanges
Principal media