STOCKMANN plc: EXERCISE OF SHARE OPTIONS 2000

STOCKMANN plc STOCK EXCHANGE ANNOUNCEMENT May 20, 2005, at 10.30

STOCKMANN plc: EXERCISE OF SHARE OPTIONS 2000

A total of 48,000 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 96,000. As a result of the increase, Stockmann plc’s share
capital now totals EUR 106,945,920 and the total number of Series B shares
in issue is 28,908,717. The new shares were registered on May 20, 2005.
They will be listed on the Helsinki Exchanges together with the old shares
on May 23, 2005.

A total of 2,500,000 new Series B shares with a par value of EUR 2.00 can
be subscribed for with the 2000 A, B and C share options listed on the
Helsinki Exchanges. The subscription price with option A is now EUR 13.95
per share, the subscription price with option B is EUR 14.95 per share and
the subscription price with option C is EUR 15.95 per share. The dividends
payable annually are deducted from the subscription price. 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