Stockmann - Company Announcement

Lindex to receive an approximate EUR 25.5 million tax refund

Helsinki, Finland, 2013-09-18 07:30 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 18.9.2013 at 8:30 EET 

Stockmann plc's subsidiary AB Lindex will receive an approximate EUR 25.5
million refund from the Swedish tax authorities, consisting of an estimate of
EUR 22 million in taxes and an estimate of EUR 3.5 million in interests. The
tax refund results from the Swedish and German tax authorities' earlier
decision to eliminate the Lindex Group's double taxation in the tax years 1999
- 2005. The decision now made is final. The exact refund sum and interests will
be specified in a calculation to be made by the Swedish tax authorities before
the payment date. 

The refund will be recognized in the income statement and it will increase the
Stockmann Group's profit for the third quarter of 2013. 

The double taxation resulted from presumptive income tax payable by Lindex
GmbH, which meant that a total of EUR 94 million was added to the taxable
income of the company. AB Lindex was obliged to pay approximately EUR 26
million in taxes and interests on this income in 2008. 

Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351

www.stockmanngroup.com


STOCKMANN plc

Hannu Penttilä
CEO


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