Stockmann - Company Announcement

LINDEX GETS NEW BOARD OF DIRECTORS

As Stockmann, in accordance with the public tender offer the company has
made, has acquired more than 96 per cent of the shares in AB Lindex
(publ), the extraordinary general meeting of Lindex held in Gothenburg
today, December 14, 2007 has resolved to elect Hannu Penttilä, Göran
Bille, Pekka Vähähyyppä, Jukka Naulapää and Heikki Väänänen as new members
of Lindex's Board of Directors to replace the resigned members Conny
Karlsson, Christer Gardell, Lars Otterbeck, Bengt Larsson, Nora Förisdal
Larssen, Emma Wiklund and Monika Elling, and to appoint Stockmann's CEO
Hannu Penttilä as the Chairman of the Board of Directors. The other
members of the Board of Directors as employee representatives are Rigmor
Lindbäck and Lillan Thorén with Alice Eriksson and Rune Lindstrand as
their deputies.

In its meeting held immediately after the general meeting the Board of
Directors of Lindex has, at Stockmann's request, resolved to apply for the
delisting of the Lindex shares.

Stockmann has initiated compulsory redemption proceedings under the
Swedish Companies Act to acquire all remaining shares in Lindex.

Lindex's CEO Göran Bille has been appointed as a member of Stockmann's
Management Committee.


STOCKMANN plc

Hannu Penttilä
CEO


DISTRIBUTION
OMX Nordic Exchange Helsinki
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