MOSCOW’S FIFTH STOCKMANN DEPARTMENT STORE TO OPEN IN 2008

STOCKMANN plc STOCK EXCHANGE RELEASE August 4, 2006, at 11.15

MOSCOW’S FIFTH STOCKMANN DEPARTMENT STORE TO OPEN IN 2008

Stockmann has signed a preliminary agreement on opening Moscow’s fifth
Stockmann department store in leased premises in the Metropolis Shopping
Centre, the construction works of which are in progress in the vicinity of
the centre of Moscow. Developed by Capital Partners of Russia, Metropolis
is located in Northern Moscow along a busy thoroughfare and will, once
completed, be one of the largest shopping centres in the city area of
Moscow.

The Stockmann department store will have a total floor space of over 8,000
square metres and Stockmann’s investment in the project will have a price
tag of about EUR 12 million. The aim is to open the department store in
2008. Sales of the first full year of operation are estimated to total
around EUR 30 million.

Further information: Jussi Kuutsa, development director for Stockmann
Group’s international operations, tel. +7 905 200 66 41

STOCKMANN plc

Hannu Penttilä
CEO

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