CITYCON OYJ Stock Exchange Announcement 15 February 2007 at 9.15 a.m. NOT FOR RELEASE IN THE UNITED STATES, CANADA OR JAPAN Citycon Oyj's share capital increase related to the share offering registered Citycon Oyj's (the "Company") share capital increase of EUR 33,750,000.00 corresponding to the 25,000,000 new shares subscribed in the Company's directed share issue was entered in the Finnish Trade Register today. As announced earlier, the new shares do not entitle their holders to a dividend (if any) for the financial year 2006. Other shareholder entitlements became effective today. After the increase, the Company's registered and fully-paid share capital is EUR 259,570,510.20 and the total number of shares 192,274,452. The new shares corresponding to the increase in share capital will be entered in the book-entry accounts of the investors who subscribed shares in the share issue on or about 16 February 2007. Trading in the new shares has commenced on a conditional basis on the official list of the Helsinki Stock Exchange on 14 February 2007. Helsinki, 15 February 2007 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Petri Olkinuora, CEO, tel. +358 9 6803 6738 or +358 400 333 256 Eero Sihvonen, CFO, tel. +358 50 557 9137 Distribution: Helsinki Stock Exchange Main news media www.citycon.fi This announcement is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. The offering will only be available to the following persons in the United Kingdom: (i) persons having professional experience in matters relating to investments; and (ii) persons falling within Articles 49(2)(a) to (d) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (high net worth corporations, unincorporated associations etc.). If you are in the United Kingdom and do not fall into one of the above categories, you will not be eligible to participate in the offering, and you should not act upon, or rely on, this announcement. The offer and sale of the securities referred to in this announcement has not been, nor will it be, registered under the United States Securities Act of 1933 and the securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration. There will be no public offering of the securities in the United States in connection with this transaction.