Citycon Oyj

AGM Information • Mar 13, 2008

Disclosure 256525

Citycon Oyj - Company Announcement

Thom Wernink continues as Citycon's Chairman of the Board of Directors

CITYCON OYJ Stock Exchange Release 13 March 2008 Thom Wernink was elected Chairman and Tuomo Lähdesmäki Deputy Chairman of Citycon's Board of Directors in the Board meeting held after the Annual General Meeting that took place earlier today. The following Board members were elected to the Board of Directors' committees: Audit Committee Raimo Korpinen (Chairman) Gideon Bolotowsky Per-Håkan Westin Thom Wernink Compensation Committee Tuomo Lähdesmäki (Chairman) Gideon Bolotowsky Thom Wernink Investment Committee Thom Wernink (Chairman) Amir Bernstein Raimo Korpinen Dor J. Segal Per-Håkan Westin Nomination Committee Tuomo Lähdesmäki (Chairman) Amir Bernstein Claes Ottosson Thom Wernink Independence of the members of the Board of Directors In the Board of Directors' opinion, all Board members are independent of the company and Gideon Bolotowsky, Raimo Korpinen, Tuomo Lähdesmäki, Thom Wernink and Per-Håkan Westin independent of significant shareholders. Recommendation regarding Board members' shareholding in Citycon The Board decided to issue a recommendation that the Board members should own at least their one year's remuneration worth of the company's shares during their term in the Board. Helsinki, 13 March 2008 CITYCON OYJ Board of Directors For further information, please contact: Petri Olkinuora, CEO, tel. +358 9 6803 6738 or mobile +358 400 333 256 Distribution: OMX Nordic Exchange Helsinki Major media www.citycon.fi