THE STOCKMANN GROUP’S THIRD-QUARTER EARNINGS IMPROVE

When announcing the Group’s second-quarter results on August 9, 2007,
Stockmann stated its estimate that its third-quarter result from
continuing operations would be at the previous year’s level. Operations
have developed favourably during the third quarter, in addition to which
the Group will book certain profit-boosting items in its third-quarter
result from continuing operations, among them the consideration to be paid
for transferring the financing of Loyal-Customer accounts in accordance
with the agreement between Stockmann and Nordea announced today. As a
consequence of this, Stockmann’s third-quarter result from continuing
operations, in contrast to the previous estimate, will show a marked
improvement on the previous year.

The earnings estimate for the full year is unchanged. In 2006, earnings
included sizeable non-recurring items, which will be clearly smaller in
2007 than they were a year ago. Accordingly, the Group’s profit before
taxes in 2007 will be lower than in 2006. The objective is to post higher
operating profit from continuing operations in 2007 than in 2006.

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
OMX Nordic Exchange Helsinki
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