CITYCON OYJ Stock Exchange Announcement 23 March 2009 at 11.30 hrs Share subscription period by exercising A options under Citycon's stock option plan 2004 will expire on 31 March 2009. Trading on the NASDAQ OMX Helsinki exchange will end tomorrow, on 24 March 2009. Those 2004 A options that have not been exercised for share subscription before the end of March will be deleted worthless from the book-entry accounts of their holders and from the book-entry securities system. The maximum number of shares that can be further subscribed for exercising A options under the 2004 stock option plan amounts to 842,736 new shares. The share subscription prices of 2004 A/B/C-options decrease today, on the record date for dividend payment and equity return, by half of the per-share dividend and equity return decided by the AGM on 18 March 2009, i.e. by EUR 0.07. The new share subscription price of 2004 A options is EUR 2.2032. Citycon's Board of Directors will approve share subscriptions made by the end of March in its meeting of 22 April 2009 at the latest. Shareholder entitlements related to subscribed shares become effective once such shares have been entered in the Trade Register, approximately on 27 April 2009, and the trading on the following day, approximately on 28 April 2009. Instructions for the share subscription are available on the company's website at www.citycon.com/options. Helsinki, 23 March 2009 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Outi Raekivi, Head of Legal Affairs Tel. +358 20 766 4453 or mobile +358 50 303 9393 outi.raekivi@citycon.fi Distribution: NASDAQ OMX Helsinki Major media www.citycon.com