CITYCON OYJ Stock Exchange Announcement 11 September 2007 at 9.00 a.m. A total of 353,201 new Citycon shares have been subscribed exercising stock options under the company's 1999 stock-option scheme. The new shares were registered in the Trade Register today and will be traded on the Helsinki Stock Exchange together with the other Citycon shares as of 12 September 2007. The new shares entitle their holders to participate in the rights issue announced by Citycon yesterday. The shares were subscribed at a per-share subscription price of EUR 1.35. Each share entitles their holder to one vote and to a dividend for the financial year 2007. Other shareholder entitlements became effective today. As a result of the increase, the number of Citycon shares totals 193,163,472. The share subscription price was recognised under the invested unrestricted equity fund, so there is no change in the company's registered share capital, which amounts to EUR 259,570,510.20. The unexercised stock options under the 1999 stock-option scheme entitle their holders to subscribe for further 259,876 new shares taking into account the stock options held by Citycon's subsidiary Veniamo-Invest Oy. Considering that Veniamo-Invest Oy is not entitled to subscribe shares in its parent company, the maximum number of shares that can actually be subscribed with the remaining 1999 stock options is 71,386. The share subscription period under the 1999 stock option scheme will expire on 30 September 2007. Since the shares are payable upon subscription, the subscription period actually ends on 28 September 2007, because the two last days of September are not banking days. In accordance with the Rules of the Helsinki Stock Exchange, trading with Citycon's 1999 A/B/C option rights (CTY1SEW199) ends on 24 September 2007. Helsinki, 11 September 2007 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Petri Olkinuora, CEO, tel. +358 9 6803 6738 or mobile +358 400 333 256 Distribution: Helsinki Stock Exchange Major media www.citycon.fi This press release has not been prepared for the purpose of an offer of, solicitation of an offer, or any similar acts to buy or subscribe for, securities of the issuer, and, in particular, does not constitute an offer or a solicitation of an offer for securities of the issuer in or to residents of the United States, Canada, Japan, or Australia.