STOCKMANN plc Company Announcement 11.11.2008 at 11.45 STOCKMANN GROUP SALES IN OCTOBER 2008 In October, Stockmann Group's consolidated sales grew by 27 per cent to EUR 224 million. The growth was attributable to including Lindex's sales in the Stockmann Group's figures and the growth of sales by Seppälä. Seppälä's total sales increased by 7 per cent. Sales grew by 3 per cent in Finland and by 14 per cent abroad, thanks to good sales development especially in Russia. Lindex's sales declined in Sweden, Norway and Finland but had steady growth in other markets. Department Store Division's sales decreased by 6 per cent. Sales in Finland decreased by 6 per cent and sales abroad by 4 per cent. Sales abroad decreased because of closure in May of the department store in the Smolensky Passage shopping centre in Moscow due to illegal action of the lessor. Sales in other department stores in Moscow developed very well (comparable growth 40 per cent). The important Crazy Days promotion achieved again new sales record, calculated on comparable amount of stores. In Moscow, three department stores sold during the campaign more than four department stores in autumn 2007. Sales of Hobby Hall decreased by 11 per cent, 10 per cent in Finland and 12 per cent abroad. Hobby Hall's sales are affected by a weaker sales of digital TV sets and set top boxes compared to the digitalization boom in 2007 and the strong price erosion of the same product group. Sales figures in October October January-October January- December change change 2008 2007 perc. 2008 2007 perc. 2007 EUR EUR 08/07 EUR EUR 08/07 EUR mill. mill. mill. mill. mill. Department Store 94.8 101.0 -6.1 691.4 687.0 0.6 871.8 Division, Finland Department Store 39.0 40.8 -4.2 289.6 272.4 6.3 346.3 Division, international operations Department Store 133.9 141.8 -5.6 981.0 959.5 2.2 1 218.1 Division, total Lindex, Finland 6.0 0.0 62.5 0.0 7.3 Lindex, 51.0 0.0 491.4 0.0 60.8 international operations Lindex, total 57.0 0.0 553.9 0.0 68.1 Hobby Hall, Finland 14.0 15.6 -10.3 126.4 135.3 -6.6 168.5 Hobby Hall, 3.0 3.4 -11.6 27.9 31.2 -10.7 38.0 international operations Hobby Hall, total 17.0 19.0 -10.6 154.3 166.5 -7.3 206.5 Seppälä, Finland 10.0 9.7 3.1 96.2 97.1 -0.9 123.1 Seppälä, 5.7 5.0 13.5 50.5 41.2 22.7 51.6 international operations Seppälä, total 15.7 14.7 6.7 146.8 138.3 6.1 174.7 Real estate + 0.1 0.1 13.2 0.6 0.7 -8.6 0.8 others Operations in 124.8 126.3 -1.2 977.2 920.1 6.2 1 171.5 Finland, total International 98.7 49.2 100.8 859.4 344.9 149.2 496.8 operations, total Stockmann total 223.6 175.5 27.4 1 836.6 1 265.0 45.2 1 668.3 Sales by Lindex reported as from December 6, 2007. STOCKMANN plc Hannu Penttilä CEO DISTRIBUTION NASDAQ OMX Principal media