The Board of Directors of Citycon Oyj hereby summons the company's shareholders to the Annual General Meeting (AGM) to be held on 13 March 2008 at 2.00 p.m. at Finlandia Hall, Helsinki, Finland. The Board of Directors makes the following proposals to the AGM: 1. Proposal for dividend distribution and return of equity from invested unrestricted equity fund As announced by the company in its full-year results release on 14 February 2008, the Board of Directors proposes that on the basis of the financial statements to be adopted for the financial year ending on 31 December 2007, a per-share dividend of EUR 0.04 be paid out from the retained earnings and that EUR 0.10 per share be returned from the invested unrestricted equity fund. The Board of Directors proposes that the dividend and equity return be paid on 2 April 2008. The dividend and equity return will be paid to a shareholder registered in the company's shareholders' register on the record date for dividend distribution and equity return 18 March 2008. 2. Proposal to amend the terms and conditions of option plan 2004 Due to the fact that the Board of Directors proposes to the Annual General Meeting that, in addition to the dividend distribution, the company would return equity from the invested unrestricted equity fund, the Board of Directors proposes that the terms and conditions of the stock option plan 2004 be amended as follows: From the share subscription prices of stock options 2004 A/B/C shall, as per each record date for dividend payment and/or equity return, be deducted half of the amount of dividends and half of the amounts returned from the invested unrestricted equity fund. The deductions shall be undertaken after the commencement of the period for determination of the share subscription price but before share subscription. It is further proposed that the Board of Directors be authorized to make the corresponding amendment to the terms and conditions of the share subscription of the stock option plan 2004. 3. Proposal for the auditor and the auditor's remuneration The Board of Directors proposes, as recommended by the Audit Committee, that Ernst & Young Oy, a firm of authorised public accountants, be re-elected the auditor of the company. The auditor has consented to the election. The Board of Directors proposes, as recommended by the Audit Committee that the audit fee be paid according to the auditor's invoice. Nomination Committee's proposal for the members of the Board of Directors and their remuneration was announced in a stock exchange release issued on 14 February 2008. Notice of the Annual General Meeting will be published in Helsingin Sanomat and issued as a stock exchange announcement on 22 February 2008. The notice and other AGM documents will also be available on the company's website www.citycon.fi as of the same date. Helsinki, 20 February 2008 CITYCON OYJ The Board of Directors 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