Citycon Oyj has today signed a EUR 350 million long-term unsecured credit facility agreement with an international bank group. The facility consists of a seven year bullet term loan of EUR 200 million, and a EUR 150 million five year revolving credit facility. The facility was substantially oversubscribed at syndication. The initial interest margin of the revolving credit facility is 0.55% and the initial interest margin of the term loan is 0.675%. The margins are subject to a pricing grid based on Citycon's interest cover ratio covenant. The interest margin of the revolving credit facility will be between 0.50% - 0.65% and between 0.625% - 0.825% for the seven year term loan. The new facility provides means to finance Citycon's growth at a competitive interest cost and will extend the average loan maturity of Citycon's loan portfolio. The term loan facility will be used to refinance the remaining EUR 200 million of the short term credit facility drawn in September for the financing of the acquisition of Iso Omena shopping centre. The EUR 150 million revolving credit facility will be utilized in the future to finance the committed development pipeline and potential property acquisitions in accordance with Citycon's strategy. The mandated lead arrangers of the facility are Nordea Bank Finland plc, Danske Bank A/S, Landesbank Hessen-Thüringen Girozentrale, OKO Bank plc, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) with Bank DnB Nord A/S joining in the bank group. Helsinki, 27 November 2007 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Eero Sihvonen, CFO Mobile +358 50 557 9137 Petri Olkinuora, CEO Mobile +358 400 333 256 Distribution: OMX Nordic Exchange Helsinki Major media www.citycon.fi