STOCKMANN HAS RECEIVED NECESSARY REGULATORY APPROVALS FOR ITS PUBLIC TENDER OFFER FOR LINDEX

Stockmann plc (“Stockmann”) announced on 1 October 2007 a public tender
offer (the “Offer”) for all the outstanding shares in AB Lindex (publ)
(“Lindex”).

The completion of the Offer is subject to the fulfillment of the
conditions set out in the offer document, including necessary regulatory
approvals. In addition to the approvals by the Finnish and Estonian
Competition Authorities that have been announced previously, Stockmann has
today been informed of the Latvian Competition Authority’s decision
according to which the acquisition pursuant to the Offer has been approved
on 14 November 2007. As Stockmann is not aware of any other regulatory
approvals that are necessary with respect to the Offer, the above
condition to completion of the Offer has been fulfilled.

The completion of the Offer is still subject to the fulfillment of the
other conditions set out in the offer document.

The acceptance period under the Offer will expire on 30 November 2007.
Settlement will begin as soon as possible thereafter. Stockmann reserves
the right to extend the acceptance period as well as to defer the date for
settlement.

Helsinki, 21 November 2007

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
OMX Nordic Exchange Helsinki
Principal media

This announcement is not and must not, directly or indirectly, be
distributed or made public in Australia, Canada, Japan or South Africa.
The Offer is not being made to persons in those jurisdictions or elsewhere
where their participation requires further offer, filings or other
measures in addition to those required by Swedish law. This announcement
shall not constitute an offer to buy or the solicitation of an offer to
sell any securities. Investors are urged to read the offer document
relating to the Offer as it contains important information regarding the
Offer.

The Offer described in this announcement is made for the securities of
Lindex and is subject to the laws of Sweden. It is important that U.S.
holders understand that the Offer is subject to disclosure and takeover
laws and regulations in Sweden that may be different from those in the
United States. To the extent applicable, Stockmann will comply with
Regulation 14E under the U.S. Securities Exchange Act of 1934, as amended
(the “Exchange Act”). Stockmann does intend, however, to treat the Offer
as an offer on which the “Tier II” exemption mentioned in Rule 14d-1 (d)
under the Exchange Act is applicable.