FINNISH COMPETITION AUTHORITY APPROVES SALE OF STOCKMANN AUTO OY AB TO

STOCKMANN plc STOCK EXCHANGE RELEASE February 9, 2006, at 13.00

FINNISH COMPETITION AUTHORITY APPROVES SALE OF STOCKMANN AUTO OY AB TO
VEHO, SALE OF STOCKMANN’S VOLKSWAGEN-AUDI-BUSINESS TO KESKO AND SALE OF
THE TURKU AND ESPOO FORD BUSINESSES TO SOK

On January 20, 2006, Stockmann sold the entire shares outstanding in its
subsidiary Stockmann Auto Oy Ab to Veho Group Oy Ab, Stockmann Auto’s
Volkswagen-Audi business, including its real-estate properties, to Kesko
Corporation’s subsidiary VV-Auto Oy and its retailing company Helsingin VV-
Auto Oy, as well as the Ford dealerships in Turku and Espoo to Maan Auto
Group, owned by SOK Corporation. According to the agreements title to
Stockmann Auto and the divested businesses will pass to the buyers on
March 1, 2006, subject to approval of the transactions by the competition
authorities. The Finnish Competition Authority has approved the
transactions, and they will be completed on March 1, 2006.

Further information:
Jukka Naulapää, director, legal affairs, Stockmann, tel. +358 9 121 3850

STOCKMANN plc

Hannu Penttilä
CEO

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