CITYCON OYJ Stock Exchange Announcement 9 Feb. 2007 at 8.45 a.m. Citycon's share capital increase based on stock options 1999 and 2004 A A total of 91,272 new Citycon shares at a par value of EUR 1.35 per share were subscribed at the end of December 2006, based on stock options under the 1999 and 2004 stock option schemes. The resulting EUR 123,217.20 share-capital increase was registered in the Trade Register today. The new shares will be traded on the Helsinki Stock Exchange together with the other Citycon shares as of 12 February 2007. A total of 63,525 shares were subscribed based on the 1999 A/B/C stock options at a per-share subscription price of EUR 1.35 and 27,747 shares were subscribed based on the 2004A stock options at a per-share subscription price of EUR 2.2336. Each share entitles their holder to one vote and the new shares entitle their holders to a dividend for the financial year 2006. Other shareholder entitlements became effective today. As a result of the increase, Citycon Oyj's registered share capital is EUR 225,820,510.20 and the total number of shares 167,274,452. The unexercised stock options based on Citycon's 1999 stock-option scheme entitle their holders to subscribe for a further 1,014,488 new shares, with the result that the company's share capital may increase by a further EUR 1,369,558.80. The share subscription period will expire on 30 September 2007. The unexercised stock options based on Citycon's 2004A stock-option scheme entitle their holders to subscribe for a further 1,289,715 new shares, with the result that the company's share capital may increase by a further EUR 1,741,115.25. The share subscription period will expire on 31 March 2009. Helsinki, 9 February 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 Distribution: Helsinki Stock Exchange Major media www.citycon.fi