Citycon Oyj

Transaction in Own Shares • May 13, 2025

Citycon considers repurchasing its own shares

Citycon considers repurchasing its own shares

CITYCON OYJ   Inside Information   13 May 2025 at 21:20 hrs

Citycon considers the possibility of repurchasing its own shares based on the
existing authorization granted by the Company's Annual General Meeting on 3
April 2025. The Company is evaluating the use of a portion of the operational
cash flow and part of proceeds from the divestments executed in 2024 to fund the
share repurchase. The Company's management believes that the current share price
does not fully reflect the underlying value of the Company's assets and
considers share repurchases an attractive investment opportunity.

The preliminary size of the repurchase of own shares is planned to be 12 million
shares at maximum and the price EUR 3.80 per share subject to adjustments by the
Company's Board of Directors in its absolute discretion. The repurchase is
planned to be commenced during the second quarter 2025.

Based on the existing authorization, the Board of Directors can decide on the
repurchase of a maximum of 30 million shares, which corresponds approximately
16.28 per cent of all registered shares in the Company. Own shares can be
repurchased at a price formed in public trading on the date of the repurchase or
otherwise at a market-based price.

The Company's Board of Directors will separately resolve on the commencement,
structure and other detailed terms and conditions of the contemplated share
repurchase at a later date and will publish a stock exchange release on the
matter in due course.

CITYCON OYJ

For further information, please contact:
Eero Sihvonen
Chief Financial Officer

Contact requests through:
Anni Torkko
Investor Relations Manager
Tel. +358 45 358 0570
anni.torkko@citycon.com

Citycon is a leading owner, manager and developer of mixed-use real estate
featuring modern, necessity-based retail with residential, office and municipal
service spaces that enhance the communities in which they operate. Citycon is
committed to sustainable property management in the Nordic region with assets
that total approximately EUR 3.8 billion. Our centres are located in urban hubs
in the heart of vibrant communities with direct connections to public transport
and anchored by grocery, healthcare and other services that cater to the
everyday needs of customers.

Citycon's shares are listed on Nasdaq Helsinki Ltd.

www.citycon.com