CITYCON OYJ Stock Exchange Release 27 March 2009 at 16.10 hrs Citycon has today agreed on a EUR 75 million unsecured revolving credit facility with a club of three Nordic banks. The loan will mature in three years. The new syndicated loan will further strengthen the company's available liquidity and provides means to finance Citycon's growth on a committed basis. The proceeds from the credit facility will be used to finance strategic investments such as shopping centre redevelopment projects. The credit margins of the loan are subject to a pricing grid based on Citycon's interest cover ratio covenant as has been the case also with the company's previous loan agreements."The facility was arranged successfully, demonstrating Citycon's ability to finance its activities as planned and to obtain a targeted credit amount despite the weak financing market. The total financing cost remained very competitive as a result of the current low market interest rates, although the credit margins were higher than in our previous syndicated loan transactions, reflecting the current market environment", comments CFO Eero Sihvonen. Helsinki, 27 March 2009 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Eero Sihvonen, CFO Tel +358 20 766 4459 or +358 50 557 9137 eero.sihvonen@citycon.fi Distribution: NASDAQ OMX Helsinki Major media www.citycon.com