Citycon Oyj's Board of Directors convenes an Extraordinary General Meeting; Board of Directors' Nomination Committee proposes Chaim Katzman to Citycon's Board of Directors; the Board of Directors prop

CITYCON OYJ            Stock Exchange Release              23 April 2010 at
9:30 hrs

Citycon Oyj's Board of Directors convenes an Extraordinary General Meeting;
Board of Directors' Nomination Committee proposes Chaim Katzman to Citycon's
Board of Directors; the Board of Directors proposes amendment to Article 4 of
the Articles of Association

Citycon Oyj's Board of Directors convenes the company's shareholders to an
Extraordinary General Meeting (EGM) to be held at Kansallissali,
Aleksanterinkatu 44, Helsinki, Finland on 17 May 2010 starting at 2.00 p.m.

Citycon Oyj's Board of Directors' Nomination Committee proposes to the EGM that
the number of members of the Board of Directors be resolved at ten instead of
previous nine and that Mr Chaim Katzman (born in 1949) be elected as a new
member to the Board for a term that will continue until the closing of the next
Annual General Meeting. Chaim Katzman is the founder, controlling shareholder
and Chairman of the Board of Directors of Gazit Inc., as well as Executive
Chairman of the Board of Directors of Gazit-Globe Ltd., Gazit Inc.'s subsidiary
and the main shareholder of Citycon. In addition, he serves as Chairman of the
Board of Directors of several listed Gazit Group companies. Mr Katzman is an
Israeli and American citizen and holds a university degree in law. He is
independent of the company but not of significant shareholders. Mr Katzman's
personal details are available on the corporate website at
www.citycon.com/Board.

Citycon Oyj's Board of Directors proposes to the EGM that the EGM resolve to
amend the second paragraph of Article 4 of the company's Articles of Association
in such a manner that the Board of Directors elects from among its members one
or several Deputy Chairmen instead of one.

Due to the aforementioned proposal for the amendment of the company's Articles
of Association, the Board of Directors' Nomination Committee proposes that the
EGM resolve to amend the decision on the remuneration of the members of the
Board of Directors made by the AGM on 11 March 2010 in respect of the annual fee
payable to the Deputy Chairman in such a manner that an annual fee of EUR
60,000 be paid to each one of one or several Deputy Chairmen.

The notice of the general meeting is attached to this release and it as well as
the related proposals of the Board of Directors and its Nomination Committee are
available on the corporate website at www.citycon.com/egm2010.

Helsinki, 23 April 2010

CITYCON OYJ
Board of Directors

For further information, please contact:
Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333 256
petri.olkinuora@citycon.fi
Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.fi

ATTACHMENT: NOTICE OF AN EXTRAORDINARY GENERAL MEETING

The shareholders of Citycon Oyj are hereby invited to an Extraordinary General
Meeting to be held on Monday, 17 May 2010 at 2:00 p.m. at Kansallissali,
Aleksanterinkatu 44, Helsinki, Finland. The reception of preregistered
participants and the distribution of voting tickets will commence at 1:30 p.m.

A. Matters on the agenda of the general meeting and their discussion order

1. Opening of the meeting

2. Coming to order

3. Election of minutes-checker and supervisors of vote-counting

4. Recording the legality of the meeting

5. Recording the attendance and adopting the list of votes

6. Resolution on the number of members of the Board of Directors
The Board of Directors' Nomination Committee proposes that the number of Board
members be resolved at ten instead of previous nine.

7. Election of a new member of the Board of Directors
The Board of Directors' Nomination Committee proposes that Mr Chaim Katzman
(born in 1949) be elected as a new member to the Board for a term that will
continue until the closing of the next Annual General Meeting.
Chaim Katzman is the founder, controlling shareholder and Chairman of the Board
of Directors of Gazit Inc., as well as Executive Chairman of the Board of
Directors of Gazit-Globe Ltd., Gazit Inc.'s subsidiary and the main shareholder
of Citycon. In addition, he serves as Chairman of the Board of Directors of
several listed Gazit Group companies. Mr Katzman is an Israeli and American
citizen and holds a university degree in law. He is independent of the company
but not of significant shareholders. Mr Katzman's personal details are available
on the corporate website at www.citycon.com/Board.
Thomas W. Wernink (Ch.), Ronen Ashkenazi (Deputy Ch.), Gideon Bolotowsky, Raimo
Korpinen, Tuomo Lähdesmäki, Claes Ottosson, Dor J. Segal, Per-Håkan Westin and
Ariella Zochovitzky continue as other members of the Board of Directors.

8. Proposal by the Board of Directors to amend Article 4 of the Articles of
Association
The Board of Directors proposes that the EGM resolves to amend the second
paragraph of Article 4 of the Articles of Association in such a manner that the
Board of Directors elects from among its members one or several Deputy Chairmen
instead of one.

9. Resolution on the remuneration of members of the Board of Directors
Due to the proposal for the amendment of the company's Articles of Association
as presented previously in item 8, the Board of Directors' Nomination Committee
proposes that the EGM resolves to amend the decision on the remuneration of the
members of the Board of Directors made by the AGM on 11 March 2010 in respect of
the annual fee payable to the Deputy Chairman in such a manner that an annual
fee of EUR 60,000 be paid to each one of one or several Deputy Chairmen.

10. Closing of the meeting

B. Documents of the general meeting
The Board of Directors' proposal for the amendment of the Articles of
Association and this notice which includes the Board of Directors' Nomination
Committee's proposals to the EGM in their entirety are available on the
corporate website at www.citycon.com/egm2010. Said documents will also be
available at the venue of the meeting, and copies of them will be sent to a
shareholder upon request. Minutes of the general meeting will be available on
said website as of 31 May 2010 at the latest.

C. Instructions for the meeting participants
1. Right to participate and preregistration
Each shareholder, who is registered in the company's register of shareholders,
maintained by Euroclear Finland Ltd, on Tuesday, 4 May 2010, has the right to
participate in the general meeting. A shareholder, whose shares are registered
on his/her personal Finnish book-entry account, is registered in the company's
register of shareholders.

A shareholder, who wants to participate in the general meeting, shall
preregister for the meeting by giving a prior notice of participation not later
than 11 May 2010 at 4:00 p.m. Such notice can be given by either
- filling in a preregistration form on the corporate website at
www.citycon.com/preregistration,
- e-mail to legal@citycon.fi,
- telephone +358 20 766 4400 between 9.00 a.m. and 4.00 p.m.,
- telefax +358 20 766 4499 or
- mail addressed to Citycon Oyj, EGM, Pohjoisesplanadi 35 AB, FI-00100 Helsinki,
Finland.

In connection with the registration, a shareholder is requested to notify
his/her name, date of birth or business ID, telephone number as well as the name
of a possible assistant or proxy representative. The personal data given to
Citycon Oyj is used only in connection with the general meeting and with the
processing of related registrations.

Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies
Act, a shareholder who is present at the general meeting has the right to
request information with respect to the matters to be considered at the meeting.

2. Proxy representative and powers of attorney
A shareholder may participate in the general meeting and exercise his/her rights
at the meeting by way of proxy representation. A proxy representative shall
produce a dated proxy document or otherwise in a reliable manner demonstrate
his/her right to represent the shareholder at the general meeting. When a
shareholder participates in the general meeting by means of several proxy
representatives representing the shareholder with shares at different securities
accounts, the shares by which each proxy representative represents the
shareholder shall be identified in connection with the preregistration for the
general meeting.

Possible proxy documents shall be submitted by the end of the preregistration
period.

3. Holders of nominee registered shares
A holder of nominee registered shares is advised to request without delay
necessary instructions regarding the registration in the company's register of
shareholders, the issuing of proxy documents and preregistration for the general
meeting from his/her custodian bank. The account manager of the custodian bank
will register a holder of nominee registered shares, who wants to participate in
the general meeting, to be temporarily entered in the company's register of
shareholders 11 May 2010 at 10:00 a.m. at the latest. Further information on
these matters can also be found on the corporate website
www.citycon.com/egm2010.

4. Further instructions/information
Further information on matters pertaining to general meeting and on
shareholder's rights is available on the corporate website www.citycon.com/gm.

On the publication date of this notice, 23 April 2010, Citycon Oyj has
222,360,952 shares and votes.

Helsinki, 22 April 2010

CITYCON OYJ
Board of Directors



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