Stockmann - Company Announcement

NOTICE TO SHAREHOLDERS OF STOCKMANN plc ABOUT A SUBSIDIARY MERGER

STOCKMANN plc                                                                   
Company Announcement                  
3.3.2010 at 9.00                                                                

NOTICE TO SHAREHOLDERS OF STOCKMANN plc ABOUT A SUBSIDIARY MERGER               

Stockmann plc (business ID: 0114162-2) and its wholly-owned subsidiary Oy Hobby 
Hall Ab (business ID: 0195576-5) have signed a draft terms of merger on 11      
February 2010 according to which Oy Hobby Hall Ab shall merge into its parent   
company Stockmann plc. The draft terms of merger was registered in the Trade    
Register on 19 February 2010.                                                   

According to the draft terms of merger, Oy Hobby Hall Ab's assets and           
liabilities shall be transferred to the parent company Stockmann plc without    
liquidation. No merger consideration will be paid for the merger since the      
parent company owns all of the shares in the merging company. The merger shall  
not cause any amendments to the Articles of Association of Stockmann plc. The   
objective of the merger is to clarify the organization structure, to increase   
the efficiency of the business operations and to decrease administrative costs. 
The intended date for registration of the execution of the merger is 30 June    
2010. According to a statement by an authorized public accountant (firm of      
Authorized Public Accountants KPMG Oy / Authorized Public Accountant Henrik     
Holmbom), the merger does not jeopardize the repayment of Stockmann plc's       
current debts.                                                                  

The draft terms of merger including its appendices and the documents defined in 
the Limited Liability Companies Act (624/2006), Chapter 16, section 11, are     
available to the shareholders as from today on Stockmann plc's website          
www.stockmann.com and at the address Aleksanterinkatu 52 B, Helsinki. Copies of 
these documents will be sent to shareholders on request (enquiries by telephone 
+358 9 121 3227 or by e-mail to saara.lifflander@stockmann.com).                

If Stockmann plc's shareholders who hold altogether at least five (5) per cent  
of the shares in the company, within one month of the publication of this       
notice, demand in writing that the decision on the merger be made by the General
Meeting, an Extraordinary General Meeting will be convened in accordance with   
the Limited Liability Companies Act and the Articles of Association. The demand 
shall be submitted in writing to Stockmann plc to the address Stockmann plc,    
Legal Affairs, P.O. Box 220, 00101 Helsinki, Finland.                           

Helsinki, 3 March 2010                                                          


STOCKMANN plc                                                                   

Hannu Penttilä                                                                  
CEO                                                                             


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