Citycon Oyj

Board/Management Information • Mar 13, 2007

Disclosure 178371

Citycon Oyj - Changes board/management/auditors

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

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 Thom Wernink Compensation Committee Tuomo Lähdesmäki (Chairman) Gideon Bolotowsky Thom Wernink Investment Committee Thom Wernink (Chairman) Amir Gal Carl G. Nordman Dor J. Segal Nomination Committee Tuomo Lähdesmäki (Chairman) Amir Gal Claes Ottosson Thom Wernink The 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, Carl G. Nordman and Thom Wernink independent of significant shareholders. Helsinki, 13 March 2007 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: Helsinki Stock Exchange Major media www.citycon.fi