Citycon Oyj

Major Shareholding Notification • Nov 3, 2025

Citycon Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Citycon Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

CITYCON OYJ     Stock Exchange Release     3 November 2025 at 19:25 hrs

Citycon Oyj (“Citycon” or the “Company”) has received on 3 November 2025 the
following notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act according to which G City Ltd.'s holding of shares in
Citycon has increased over fifty (50) percent on 3 November 2025.

Citycon has one series of shares in which each share carries one vote. The total
number of shares and votes is 183,569,011.

The holding of shares of G City Ltd. according to the notification:

              % of shares and      % of shares  Total of
              voting rights        and voting   both in %
                                   rights
                                   through
                                   financial
                                   instruments

Resulting G City Ltd. 37.67 37.67
situation on the
date on Gazit Europe Nether 19.77
which threshold -lands B.V. (fully
was crossed or owned subsidiary of 0.07
reached G City Ltd.) 19.77

              Additional shares
              held by Chaim
              Katzman 0.07

Position of G City Ltd. 29.89 29.89
previous
notification Gazit Europe Nether 19.73
(if applicable) -lands B.V. (fully
owned subsidiary of 0.02
G City Ltd.) 19.73

              Additional shares
              held by Chaim
              Katzman: 0.02

Notified details of the resulting situation following the crossing of the
threshold:

+------------+-----------------+----------------+-----------------+-----------+
|A: Shares |
|and voting |
|rights |
+------------+-----------------+----------------+-----------------+-----------+
|Class/type |Number of shares and voting rights|% of shares and voting rights|
|of | | |
|shares | | |
| | | |
|ISIN code | | |
|(if | | |
|possible) | | |
+------------+-----------------+----------------+-----------------+-----------+
|Direct |Indirect |Direct |Indirect |
| | | | |
|(SMA 9:5) |(SMA 9:6 and 9:7)|(SMA 9:5) |(SMA 9:6 and 9:7)|
+------------+-----------------+----------------+-----------------+-----------+
|FI4000369947|69,156,068 |- |37.67 |- |
+------------+-----------------+----------------+-----------------+-----------+
|FI4000369947|36,285,000 | |19.77 | |
+------------+-----------------+----------------+-----------------+-----------+
|FI4000369947|126,934 | |0.07 | |
+------------+-----------------+----------------+-----------------+-----------+
|SUBTOTAL A |105,568,002 | |57.51 | |
+------------+-----------------+----------------+-----------------+-----------+

B: Financial
Instruments
according to
SMA 9:6a
Type of Expiration Exercise/ Physical or Number of shares % of shares
financial date Conversion cash and voting rights and voting
instrument Period settlement rights

                                SUBTOTAL B

The controlled undertakings through which the shares, voting rights and
financial instruments are effectively held:

Name % of shares % of shares and voting rights Total of both
and voting through financial instruments
rights
Chaim Katzman 0.07 - 0.07
G City Ltd. 37.67 - 37.67
Gazit Europe 19.77 - 19.77
Netherlands
B.V.
TOTAL 57.51 57.51

CITYCON OYJ

For further information, please contact:
Hilik Attias
CFO

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