Lindex Group

Share Issue/Capital Change • Jul 21, 2022

Disclosure 410988

Stockmann - Other information disclosed according to the rules of the Exchange

Stockmann has decided on a directed share issue of 1,130,786 new shares in accordance with its restructuring programme

STOCKMANN plc, Other information disclosed according to the rules of the Exchange, 21.7.2022 at 13:30 EET The directed share issue Stockmann plc's ("Stockmann" or the "Company") Annual General Meeting resolved on 7April 2021, in accordance with the terms of the Company's restructuring programme approved by the Helsinki District Court on 9 February 2021 (as amended, the "Restructuring Programme"), to authorize the Board of Directors of the Company to decide on the directed issuance of at most 30,000,000 new shares of the Company to the creditors of conditional and disputed debts as well as the creditors of restructuring debt that will be determined later during the Restructuring Programme, to enable conversion of parts of their receivables into shares in the Company. The Company's Board of Directors has today on 21 July 2022 decided, in accordance with the Restructuring Programme and pursuant to the authorization granted by the Annual General Meeting, to issue 1,130,786 new shares of the Company (the "Conversion Shares") in deviation from the shareholders' pre -emptive subscription rights to creditors whose previously conditional or disputed restructuring debts under the Restructuring Programme have been confirmed to their final amounts by 14 July 2022 (the "Share Issue") and has approved the subscriptions made in the Share Issue. The subscription price in the Share Issue was EUR 0.9106 per share, which has been paid by setting off restructuring debt in accordance with the Restructuring Programme. As a result of the Share Issue, the total number of shares in the Company will increase by 1,130,786 shares to a total of 155,880,206 shares. After the Share Issue, the Company will continue to have restructuring debt under the Restructuring Programme that is conditional, maximum amount or disputed, in respect of which the amount subject to the payment programme will be confirmed later, and the creditors of such restructuring debt will be entitled to conversion after their respective restructuring debt receivables have been confirmed. Registration and listing of the shares The Conversion Shares will be registered with the Finnish Trade Register on or about 22 July 2022 and recorded on the book-entry accounts of the subscribers on or about 26 July 2022. The Conversion Shares will, as of their registration and recording on the book-entry accounts, confer the same rights as the Company's other shares. Stockmann will today also submit an application for the Conversion Shares to be admitted to trading on the main market of Nasdaq Helsinki Ltd. Trading with the Conversion Shares is expected to commence on or about 26 July 2022 under the trading code "STOCKA". Further information: Jukka Naulapää, Chief Legal Officer, tel. +358 50 389 0013 www.stockmanngroup.com STOCKMANN plc Jari Latvanen CEO Distribution: Nasdaq Helsinki Principal media