Citycon Oyj's share capital increase related to the share offering registered


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.