Citycon Oyj

Report Publication Announcement • Jul 7, 2009

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Citycon Oyj - Company Announcement

Citycon sells 181 apartments in Åkersberga Centrum

CITYCON OYJ Stock Exchange Release 7 July 2009 at 14.00 hrs Citycon has agreed on the divestment of two mainly residential properties connected to the Åkersberga Centrum shopping centre, located in the Greater Stockholm area. The buyer is the Swedish investment company Tegeltornet AB and the price SEK 181 million (approx. EUR 16.7 million)."Residential properties are not part of Citycon's strategy. After the sale of the apartments we will focus on the improvement of the centre," comments Petri Olkinuora, Citycon's CEO. According to the contract signed today, Citycon will sell a total of 181 apartments with a combined living area of 12,050 sq.m. and a total area of 16,100 sq.m. Closing of the transaction is expected to take place during the fourth quarter. The transaction is the second within a short period. In June, Citycon sold 72 apartments in Liljeholmen, Stockholm to Heba Fastighets AB. Citycon's ownership stake in Åkersberga Centrum is 75 per cent. The other owner of the shopping centre is the real estate company Armada Fastigheter AB, owned by the municipality of Österåker. Citycon acquired the centre in 2005. In all, Citycon owns eight shopping centres and seven other retail properties in Sweden. Helsinki, 7 July 2009 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 Ulf Attebrant, Vice President, Swedish operations Telephone +46 8 5228 0313 ulf.attebrant@citycon.com Distribution: NASDAQ OMX Helsinki Major media www.citycon.com