STOCKMANN GROUP’S SALES IN APRIL 2006

STOCKMANN plc STOCK EXCHANGE RELEASE May 5, 2006, at 9.00

STOCKMANN GROUP’S SALES IN APRIL 2006

The Stockmann Group’s sales in April were EUR 141.8 million. Consolidated
sales, eliminating the divested Zara business in Russia and the Stockmann
Auto business that was transferred to new owners on March 1, 2006, were up
10 per cent. The Zara business is carried on in Russia for the account of
Inditex of Spain as from January 1, 2006, providing that the sale of the
subsidiary carrying on the Zara business in Russia closes, in accordance
with the terms and conditions of the deal, during the spring. Without the
elimination of the sales in 2005 by the Zara stores in Russia and sales by
Stockmann Auto in 2005, the Group’s sales decreased by 18 per cent.

Due to Easter, in the business operations in Finland there were three
sales days less in April 2006 than in 2005.

The best growth in sales in April was reported by Hobby Hall whose sales
were up 23 per cent. Sales rose by 25 per cent in Finland and by 11 per
cent abroad. The growth in sales was attributable to the different
campaign schedule compared with the previous year.

Sales by the Department Store Division, eliminating the Zara business in
Russia, grew by 11 per cent. Sales rose by 4 per cent in Finland and by 35
per cent abroad. Sales were lifted by the Crazy Days campaign which was
successful both in Finland and abroad and once again hit record sales, and
in Finland further by the new department store that was opened in the
Jumbo Shopping Centre in Vantaa, near Helsinki, in October 2005. In the
international operations the like-for-like growth was strong in all market
areas and sales were lifted by the building out of the Bestseller chain in
Russia as well. If the divested Zara business in Russia is not eliminated
from the Department Store Division’s comparative figures, the division
posted sales growth of 7 per cent and growth in sales abroad of 18 per
cent.

Seppälä’s sales were down 7 per cent. Sales in Finland were down 18 per
cent due to the late arrival of spring which influenced the demand in the
whole clothing business. Sales abroad grew by 67 per cent, which was
attributable to the building out of the store network in Russia, Lithuania
and Latvia as well as the especially strong growth in same-store sales.

Sales figures in April and in January-April

April January-April January-
December
change change
2006 2005 perc. 2006 2005 perc. 2005
Me Me 06/05 Me Me 06/05 Me

Department Store 84.3 80.9 4.3 257.9 240.6 7.2 797.1
Division, Finland
Department Store 28.5 21.1 35.0 90.8 68.3 32.9 227.0
Division,
international
operations*
Department Store 112.9 102.0 10.7 348.6 308.9 12.8 1 024.1
Division, total*
Stockmann Auto* 74.8 64.3 16.3 64.3
Hobby Hall, Finland 14.1 11.2 25.4 57.3 60.0 -4.4 176.5
Hobby Hall, 3.0 2.7 11.2 12.3 14.4 -14.5 34.0
international
operations
Hobby Hall, total 17.1 13.9 22.7 69.6 74.4 -6.4 210.5
Seppälä, Finland 9.0 10.9 -18.2 34.6 36.9 -6.2 132.4
Seppälä, international 2.8 1.7 67.2 9.5 5.7 65.7 22.9
operations
Seppälä, total 11.8 12.6 -6.7 44.2 42.7 3.5 155.2
Real estate + others 0.1 0.1 -4.1 0.3 0.3 -4.0 0.9
Operations in Finland, 107.5 103.1 4.2 425.0 402.2 5.7 1 171.2
total
International 34.3 25.5 34.6 112.6 88.4 27.3 283.9
operations, total*
Stockmann total* 141.8 128.6 10.3 537.6 490.7 9.6 1 455.1

* The figures for 2005 do not include the Zara business in Russia that was
sold at the turn of the year nor the March-December sales by the Stockmann
Auto division that was divested at the beginning of March 2006. If the
sales in 2005 by Zara Russia and Stockmann Auto are included in the
comparison figures, the change of sales in per cent in January-April 2006
was:

Department Store Division, international operations 16.7
Department Store Division, total 9.5
Operations in Finland, total -10.6
International operations, total 15.0
Stockmann total -6.2

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
Helsinki Stock Exchange
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