Citycon Oyj

Report Publication Announcement • Feb 19, 2007

Disclosure 175085

Citycon Oyj - Changes board/management/auditors

Proposals by Citycon’s Board of Directors' Nomination Committee to the AGM

CITYCON OYJ Stock Exchange Release 19 February 2007 at 2.10 p.m. Citycon's Board of Directors' Nomination Committee proposes to the Annual General Meeting to be held on 13 March 2007 that the number of the Board members remain at the current eight and that Mr Gideon Bolotowsky, Mr Amir Gal, Mr Raimo Korpinen, Mr Tuomo Lähdesmäki, Mr Carl G. Nordman, Mr Claes Ottosson, Mr Dor J. Segal and Mr Thomas W. Wernink be re-elected to the Board until the end of the next Annual General Meeting. The said persons have given their consent to the election. The Nomination Committee further proposes that the Chairman of the Board of Directors be paid an annual fee of EUR 150,000, the Deputy Chairman EUR 60,000 and ordinary members of the Board EUR 35,000. In addition, it is proposed that the Chairman of the Board and the Chairmen of the Board's committees be paid a meeting fee of EUR 600 and the other Board and committee members EUR 400 per meeting. Helsinki, 19 February 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