Citycon Oyj

Major Shareholding Notification • Nov 4, 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     4 November 2025 at 21:00 hrs

Citycon Oyj (“Citycon” or the “Company”) has received on 4 November 2025 the
following notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act according to which Phoenix Financial Ltd. holding of
shares in Citycon has decreased below five (5) percent on 3 November 2025.

Phoenix Financial Ltd. is a holding company that principally deals, through
subsidiaries under its control, in various fields of capital markets and
finances, including insurance, pension and provident funds management, the
provision of brokerage services, management of mutual funds, management of
investment portfolios, issuance of exchange traded funds and ETFs. The Company's
trading strategies include those of its Securities Affiliates described below.

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 Phoenix Financial Ltd. according to the notification:

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

Resulting 0.00 - 0.00
situation on the
date on
which threshold
was crossed or
reached
Position of 5.1519% - 5.1519%
previous
notification
(if applicable)

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|0.00 |- |0.00 |- |
+------------+-----------------+----------------+-----------------+-----------+
|SUBTOTAL A |0.00 |- |0.00 |- |
+------------+-----------------+----------------+-----------------+-----------+

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 - -

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

Name % of shares % of shares and voting rights Total
and voting through financial instruments of
rights both
Phoenix Financial Ltd. 0.00 - 0.00
The Phoenix Insurance 0.00 - 0.00
Company Ltd. - "nostro"
accounts
Partnership for Israeli 0.00 - 0.00
shares - other people money
TOTAL 0.00 - 0.00

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