Not for release, publication or distribution in Australia, Canada, Japan or the United States. Notice is hereby given to the shareholders of Stockmann plc that the company's Annual General Meeting will be held on Tuesday, 18 March 2008, at 4.00 p.m. in Finlandia Hall at the address Karamzininkatu 4, Helsinki. In addition to advance registration, shareholders must also register at the meeting, where registration will begin at 2.30 p.m. Shareholders should register for the meeting at the reception desk no later than by 3.45 p.m. Free parking will be provided for attendees in the parking lot of Finlandia Hall. The following items are on the agenda: 1. The matters belonging to the competence of the Annual General Meeting under chapter 5, section 3 of the Companies Act and under Article 14 of the Articles of Association 2. A proposal by the Board of Directors to authorize the Board of Directors to resolve on the issuance of shares and of special rights entitling holders to shares The Board of Directors proposes to the Annual General Meeting that the Board of Directors of the company be authorized to resolve on the issuance of shares and of special rights entitling holders to shares referred to in chapter 10, section 1 of the Companies Act in one or more installments as follows. The Board of Directors is authorized to resolve on the amount of A- and B- shares to be issued. However, the aggregate number of shares issued on the basis of the authorization may not exceed 15,000,000 shares. Issuance of shares and of special rights entitling holders to shares can be carried out in accordance with or in deviation from the shareholders' pre-emptive rights (directed issue). The Board of Directors is authorized to resolve on all the terms and conditions concerning the issue of shares and of special rights referred to in chapter 10, section 1 of the Companies Act. The authorization is effective for a maximum of three years from the date of the General Meeting. The authorization does not cancel the authorization given by the General Meeting on 20 March 2007 and registered in the Trade Register on 14 May 2007 regarding the right to resolve on the transfer of own shares. The purpose of the issuance of shares and/or the issuance of special rights entitling holders to shares is to reinforce the company's capital structure by amortizing the debt obtained for the acquisition of AB Lindex (publ). 3. A proposal by the Board of Directors to issue share options to the Loyal Customers of Stockmann The Board of Directors proposes to the Annual General Meeting of Shareholders that a maximum of 2,500,000 share options be issued without payment, in deviation from the shareholders' pre-emptive rights, to the loyal customers of Stockmann. There is a weighty financial reason for the issuance of share options because they are intended to be issued in order to offer loyal customers a benefit that rewards the purchase loyalty of the loyal customers while simultaneously strengthening the competitive position of Stockmann. Share options will be issued to loyal customers, whose purchases in companies belonging to the Stockmann Group together with purchases originating from parallel cards directed to the same account during the time period 1 January 2008 - 31 December 2009 amounts to a total of at least EUR 6,000. For purchases of at least EUR 6,000, the loyal customers shall without payment receive 20 share options. In addition, for every full EUR 500, with which the purchases exceed EUR 6,000, the loyal customer shall receive an addition of 2 share options. Each share option entitles its holder to subscribe for one share of the Company's Series B shares. The subscription price for the shares shall be the trading-volume weighted average price for the Company's Series B shares on the Helsinki Exchanges during the time period of 1 February - 29 February 2008. The subscription price for a share subscribed by virtue of exercising an option shall at each record date for dividend distribution be decreased with the amount of possible dividends decided upon before the exercise of the option. The exercise periods for the options shall be in May 2011 and in May 2012. Financial statement documents and proposals by the Board of Directors The financial statement documents and the above-mentioned proposals by the Board of Directors are available for inspection by shareholders as from 10 March 2008, at the company's Head Office, Aleksanterinkatu 52 B, 8th floor, Helsinki and on the company's internet page www.stockmann.com. Copies of the documents will be sent to shareholders upon request. Participation in the Annual General Meeting A shareholder that has been entered as a shareholder into the shareholders' register of the company maintained by Finnish Central Securities Depository Ltd on Friday, 7 March 2008 and that has notified the company of his or her participation at the latest on Wednesday 12 March 2008 by 4.00 p.m., has the right to participate at the General Meeting. A shareholder that wants to participate in the General Meeting must notify the company of his or her participation at the latest on Wednesday 12 March 2008 by 4.00 p.m. on the company's internet pages www.stockmann.com or by telephone to the number +358 9 121 4020. Any Powers of Attorney by virtue of which a representative wishes to represent a shareholder at the General Meeting are kindly requested to be delivered at the latest on 14 March 2008 to the address Stockmann plc, legal affairs, P.O. Box 220, 00101 HELSINKI. Payment of dividend The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 1.35 per share be paid for the 2007 financial year. It is proposed that the dividend for the 2007 financial year be paid out on 2 April 2008 to shareholders who on the record date for dividend payment, 25 March 2008, have been entered as shareholders in the Shareholder Register maintained by Finnish Central Securities Depository Ltd. Composition of the Board of Directors The Appointments and Compensation Committee of the Board of Directors proposes to the Annual General Meeting of Shareholders that seven members be elected as members of the Board of Directors and that the present members of the Board of Directors, LL.M. Christoffer Taxell, Managing Director Erkki Etola, Managing Director Kaj-Gustaf Bergh, Professor Eva Liljeblom, Managing Director Kari Niemistö, Director of Sustainable Development Carola Teir-Lehtinen and Managing Director Henry Wiklund, having given their consents, be re-elected for a period of office continuing until the end of the next Annual General Meeting. Auditors Shareholders of the company, who represent over 50 per cent of the voting rights, have informed that they are going to propose to the Annual General Meeting that Jari Härmälä, Authorized Public Accountant, and Henrik Holmbom, Authorized Public Accountant, having given their consents, be re- elected as ordinary auditors for the financial year 2008. It is proposed that the independent firm of public accountants KPMG Oy Ab be re-elected as the deputy auditor. In Helsinki on 7 February 2008 The Board of Directors Additional information: Hannu Penttilä, CEO, tel. +358 9 121 5801 STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION OMX Nordic Exchange Helsinki Principal media These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Stockmann plc has not registered, and does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. This document is only being distributed to and is only directed at (i) per- sons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The securities offered are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.