CITYCON OYJ Stock Exchange Announcement 22 April 2010 at 9:00 hrs Subscription of Citycon shares exercising stock option rights 2004 B A total of 645,478 new Citycon shares were subscribed for by exercising stock options B under the company's 2004 stock option scheme between 15 and 31 March 2010. The new shares were registered in the Finnish Trade Register today and will be traded on the NASDAX OMX Helsinki exchange together with the other Citycon shares as of 23 April 2010. A total of 3,274 shares were subscribed for at a per-share subscription price of EUR 2.5908 and a total of 642,204 shares at a per-share subscription price of EUR 2.5208. Dividend and other shareholder rights attached to the new shares became effective today. Each share entitles its holder to one vote. Following the increase, the number of Citycon shares totals 222,360,952. The share subscription price of EUR 1,627,350.14 was recorded in the invested unrestricted equity fund, so there was no change in the company's registered share capital, which amounts to EUR 259,570,510.20. The share subscription period of B options expired on 31 March 2010 and said option rights can no longer be exercised for share subscription. The unexercised 17,002 option rights 2004 B will be deleted as worthless from the book-entry securities system and from their holders' book-entry accounts. Helsinki, 22 April 2010 CITYCON OYJ Petri Olkinuora CEO 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.com [HUG#1406341]