NASDAQ : Proposal of the shareholders’ Nomination Board for the composition and remuneration of Stockmann’s Board of Directors

Proposal of the shareholders' Nomination Board for the composition and remuneration of Stockmann's Board of Directors

STOCKMANN plc, Other information disclosed according to the rules of the
Exchange 27.1.2020 at 14:00 EET

Stockmann's shareholders' Nomination Board has in its meeting decided to propose
the following to the Annual General Meeting, which will be held on 18 March
2020:

The Nomination Board proposes that the number of members of the Board of
Directors to be seven, i.e. a reduction of one member.

The shareholders' Nomination Board proposes that the present members of the
Board of Directors, Stefan Björkman, Eva Hamilton, Esa Lager, Leena Niemistö,
Lauri Ratia, Tracy Stone and Dag Wallgren, all having given their consents, be
re-elected for the term of office continuing until the end of the next Annual
General Meeting.

The Board member Peter Therman has informed that he will no longer be available
as member of the company's Board of Directors.

The proposed Board members have informed the company that, if elected, they will
re-elect Lauri Ratia as Chairman of the Board and Leena Niemistö as Vice
Chairman of the Board.

The Nomination Board proposes that the Board remuneration will remain unchanged
and that the Chairman of the Board to be compensated EUR 80 000, the Vice
Chairman EUR 50 000, and other members EUR 40 000 as annual remuneration. The
annual remuneration will be paid in company shares and cash, so that company
shares will be acquired on behalf of the Board members to a value of 40% of the
remuneration and the rest will be paid in cash. The company will cover the costs
for the acquiring of the shares and the transfer tax. The shares will be
acquired within two weeks from the publishing of the Interim Report 1 January -
31 March 2020. The shares acquired for the Board Members in 2020 cannot be
handed over until two years from the date of purchase, or until the term of
office of the person in question has ended, depending on which of the occasions
takes place first.

The Nomination Board proposes also that the Board meeting remuneration will
remain unchanged, and the Chairman of the Board to be paid EUR 1 100 and each
Board member to be paid EUR 600 as a meeting remuneration for each meeting of
the Board of Directors. The Chairman of the Audit Committee is proposed to be
paid EUR 1 100 and each member to be paid EUR 800 as a meeting remuneration for
each meeting of the Audit Committee. The Chairman of the Compensation Committee
and each member is proposed to be paid EUR 600 as a meeting remuneration for
each meeting of the Compensation Committee.

Konstsamfundet r.f., Svenska litteratursällskapet r.f. and Kari Niemistö have
informed the company that they will renew their separate agreement with Lauri
Ratia on consulting services, targeting to develop Stockmann's shareholder
value.

Additional information on the members proposed by the Stockmann's shareholders'
Nomination Board can be found on the company's website
www.stockmanngroup.com (http://www.stockmanngroup.com/en/en). The proposals of
the Nomination Board will be included in the invitation to the Annual General
Meeting.

Gunvor Kronman (nominated by Föreningen Konstsamfundet r.f.) acts as Chairman of
Stockmann's shareholders' Nomination Board, and Ole Johansson (nominated by
Svenska litteratursällskapet i Finland), Paul Hartwall (nominated by Hartwall
Capital Oy Ab, representing HC Holding Oy Ab), Kari Niemistö and Stockmann's
Chairman of the Board Lauri Ratia act as members of the Nomination Board.

Further information:
Jukka Naulapää, Chief Legal Officer, tel. [phone]
Anna Bjarland, Head of Communications, tel. + 358 9 121 3194

www.stockmanngroup.com (http://www.stockmanngroup.com/en/en)

STOCKMANN plc

Jari Latvanen
CEO

Distribution:
Nasdaq Helsinki
Principal media