CITYCON OYJ Stock Exchange Release 26 January 2007 at 2.55 p.m. Citycon's Board Authorised to Decide on a Directed Share Issue Citycon's Extraordinary General Meeting that was held today in Helsinki authorised the company's Board of Directors to decide on a directed share issue and the terms and conditions thereof. The total number of shares to be issued may not exceed 25,000,000 shares. In accordance with the Finnish Companies Act, the authorisation remains valid for 5 years. Helsinki, 26 January 2007 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Petri Olkinuora, CEO, tel. +358 9 6803 6738 or mobile +358 400 333 256 Eero Sihvonen, CFO, mobile +358 50 557 9137 Distribution: Helsinki Stock Exchange Major media www.citycon.fi