Citycon Oyj

Share Issue/Capital Change • Aug 27, 2007

Disclosure 234128

Citycon Oyj - Company Announcement

Share subscription period with Citycon s option rights 1999 expires at the end of September

CITYCON OYJ Stock Exchange Announcement 27 August 2007 at 13.15 hrs The share subscription period with Citycon's 1999 A/B/C option rights expires on 30 September 2007 in accordance with the terms and conditions of the option scheme. 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. Trading of the 1999 A/B/C option rights on the Helsinki Stock Exchange ends even earlier, on 24 September 2007, as stipulated in the Rules of the Stock Exchange. The unexercised stock options under the 1999 stock-option scheme entitle their holders to subscribe for further 613,077 new shares. Such 1999 A/B/C option rights that have not been exercised for share subscription before the end of September 2007 become worthless and shall be declared null and void. Citycon's Board of Directors will approve share subscriptions made by exercising the 1999, as well as the 2004 option rights in accordance with the following schedule: - subscriptions made by 3 September 2007 on 13 September 2007 and - subscriptions made by 30 September 2007 on 18 October 2007. Instructions including the registration application with payment details for stock option holders wishing to exercise their share subscription rights are available on the company's website www.citycon.fi under Investors/Shares/Stock option rights. Subscribed shares shall be registered with the Finnish Trade Register and will be subject to public trading on the Helsinki Stock Exchange within a week following the approval of the subscriptions by the Board. Helsinki, 27 August 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