Stockmann - Inside information

Stockmann announces conditional early redemption of notes due 2018

STOCKMANN plc, Inside Information 29.11.2017 at 19:40 EET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

Stockmann plc (the “Issuer” or “Stockmann”) gives conditional notice that it
will redeem in full its outstanding EUR 150 million 3.375 per cent notes due
2018 (ISIN: FI4000051057) (the "Notes") (the "Early Redemption").

Capitalised terms used herein shall have the meaning ascribed to them in the
consent solicitation memorandum dated 16 November 2017 (the “Consent
Solicitation Memorandum”).

The Early Redemption Settlement Date is set to 12 December 2017. As determined
in the manner described in the terms and conditions of the Notes and with
reference to a fixed purchase yield of 0.58 per cent, all Notes will be redeemed
at the Redemption Price of EUR 1,007.38 per each EUR 1,000.00 in principal
amount of Notes. Any accrued and unpaid interest will also be paid in respect of
the Notes in accordance with the terms and conditions of the Notes.

The Redemption Price will be paid to each investor who is registered as a
Noteholder in the noteholders’ register maintained by Euroclear Finland at end
of business on 11 December 2017.

The Early Consent Fee of 0.20 per cent in respect of the Notes will be paid no
later than 10 days following the Early Redemption Settlement Date to eligible
Noteholders in accordance with the terms and conditions of the Consent
Solicitation, as fully described in the Consent Solicitation Memorandum.

This notice of Early Redemption is conditional on the successful settlement of
the issue of the EUR 250 million senior secured notes announced earlier today
(the "New Notes"). No separate announcement will be released if this condition
has been fulfilled.

For questions relating to the Early Redemption or the Consent Solicitation,
please contact the Solicitation Agents.

Solicitation Agents:
Danske Bank A/S
Tel.: +358 10 513 8794 / Email: liabilitymanagement@danskebank.dk

Nordea Danmark, filial af Nordea Bank AB (publ), Sverige
Tel.: +45 6161 2996 / Email: NordeaLiabilityManagement@nordea.com

OP Corporate Bank plc
Tel.: +358 10 252 1668 / Email: liabilitymanagement@op.fi

Tabulation Agent
Nordea Bank AB (publ), Finnish Branch
Issuer Services
Aleksis Kiven katu 3-5
VC 215
FI-00020 Nordea
Finland
Email: is.operations.fi@nordea.com

Paying Agent:
OP Corporate Bank plc
Email: yhtiotapahtumat@op.fi

Further information:
Kai Laitinen, CFO, tel. +358 9 121 5800

www.stockmanngroup.com

STOCKMANN plc

Lauri Veijalainen
CEO

Distribution:
Nasdaq Helsinki
Principal media

Disclaimer
This announcement is for information purposes only and is not to be construed as
an offer to purchase or sell or a solicitation of an offer to purchase or sell
with respect to any securities of Stockmann. No actions have been taken to
register or qualify the New Notes, or otherwise to permit a public offering of
the New Notes, in any jurisdiction.

The distribution of this announcement may, in certain jurisdictions, be
restricted by law. This announcement and any material or documentation related
to the Early Redemption or the issuance of the New Notes may be received only in
compliance with applicable exemptions or restrictions. This announcement and any
such material or documentation may not be distributed or published in any
jurisdiction if to do so would constitute a violation of the relevant laws of
such jurisdiction or would require actions under the laws of such jurisdiction.
Persons into whose possession this announcement or any such material or
documentation may come are required to inform themselves of and observe all such
restrictions. Stockmann nor the Lead Managers nor their representatives accept
any legal responsibility for any violation by any person, whether or not the
persons contemplating investing in or divesting Stockmann's securities including
the New Notes are aware of such restrictions.

Any securities mentioned herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the “Securities Act”) and any such
securities may not be offered or sold, directly or indirectly, within the United
States or to, or for the account or benefit of any U.S. person (as such terms
are defined in Regulation S under the Securities Act).