STOCKMANN plc Company Announcement 20.5.2008 at 13.30 THE GOTHENBURG ADMINISTRATIVE COURT OF APPEAL HAS QUASHED THE DECISION BY THE COUNTY ADMINISTRATIVE COURT ON THE ELIGIBILITY FOR TAX DEDUCTION IN SWEDEN, OF LOSSES INCURRED BY STOCKMANN SUBSIDIARY LINDEX'S OPERATIONS IN GERMANY The Gothenburg Administrative Court of Appeal has quashed the favourable decisions, obtained by Stockmann's subsidiary AB Lindex in the County Administrative Court, which concern the eligibility for deducting losses of approximately EUR 70 million, incurred by the Lindex Group's German company, in Swedish taxation during the years 2004/2005 and 2005/2006. AB Lindex will appeal the Administrative Court of Appeal decision to the Supreme Administrative Court. According to the decision by the Administrative Court of Appeal, Lindex must refund approximately EUR 21 million of taxes and interests to the tax authorities. The tax to be refunded has no effect on the profit of the Stockmann Group. Stockmann will record the refunded tax with interest as a charge against equity at the time of acquisition of Lindex. Additional information: CFO Pekka Vähähyyppä, tel. +358 9 121 3351 STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION OMX Nordic Exchange Helsinki Principal media
THE GOTHENBURG ADMINISTRATIVE COURT OF APPEAL HAS QUASHED THE DECISION BY THE COUNTY ADMINISTRATIVE COURT ON THE ELIGIBILITY FOR TAX DEDUCTION IN SWEDEN, OF LOSSES INCURRED BY STOCKMANN SUBSIDIARY LINDEX'S
| Source: Stockmann Oyj Abp