CITYCON OYJ Stock Exchange Release 26 April 2007 at 16.00 hrs The Board of Directors of Citycon Oyj has decided today, 26 April 2007, on a long-term share-based incentive plan for key personnel of the Citycon Group. The aim of the plan is to encourage the key personnel to sustained efforts to increase shareholder value and to strengthen their commitment to the development of the Group's operations. At the same time, the distribution of remaining stock options under Citycon's existing stock option plans to the personnel ends. The potential incentive is determined on the basis of the growth of Citycon Group's adjusted earnings per share and net rental income in 2007-2009 and will be granted to the key personnel during the years 2008-2012. The Board of Directors decides annually on the key personnel participating in the long-term incentive plan and on setting of the incentive goals. The incentive will be granted in the form of Citycon shares. Helsinki, 26 April 2007 CITYCON OYJ Board of Directors 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