A total of 606 new Citycon shares were subscribed for in December exercising stock options A under the company's 2004 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 19 February 2008. The shares were subscribed for at a per-share subscription price of EUR 2.3432. Each share entitles its holder to one vote and to a dividend for the financial year 2007. Other shareholder entitlements became effective today. Following the increase, the number of Citycon shares totals 220,981,817. 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. The outstanding unexercised stock options 2004 A entitle their holders to subscribe for further 852,868 new shares. The share subscription period will expire on 31 March 2009. Helsinki, 18 February 2008 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