CITYCON OYJ Stock Exchange Announcement 24 October 2007 at 9.00 hrs A total of 71,370 new Citycon shares at a per-share subscription price of EUR 1.35 were subscribed in September exercising stock options under the company's 1999 stock option scheme. The new shares were registered in the Trade Register today and will be traded on the OMX Nordic Exchange Helsinki together with the other Citycon shares as of 25 October 2007. The new shares entitle their holders to dividend for the financial year 2007 and to all other rights attached to the shares in the company as of today. Each share entitles their holder to one vote. As a result of the increase, the number of Citycon shares totals 220,829,624. The share subscription price was recognised under the invested unrestricted equity fund, so there is no change in the company's registered share capital, which amounts to EUR 259,570,510.20. Citycon's 1999 stock option scheme expired on 30 September 2007 and shares can no longer be subscribed for based on this stock option scheme. Helsinki, 24 October 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: OMX Nordic Exchange Helsinki Major media www.citycon.fi