Citycon Oyj — AGM Information 2021

Feb 18, 2021

Citycon Board’s asset distribution proposal to the Annual General Meeting

Citycon Board’s asset distribution proposal to the Annual General Meeting

CITYCON OYJ   Stock Exchange Release   18 February 2021 at 09:05 hrs

The Board of Directors of Citycon Oyj has decided to propose to the Annual
General Meeting to be held on 22 March 2021 of the asset distribution as
follows.

The Board of Directors proposes that based on the balance sheet to be adopted
for the financial period ended on 31 December 2020, no dividend is distributed
by a resolution of the Annual General Meeting.

Nonetheless, the Board of Directors proposes that the Board of Directors be
authorized to decide in its discretion on the distribution of dividend and
assets from the invested unrestricted equity fund in the manner set forth below.

Based on this authorization, the maximum total amount of dividend to be
distributed shall not exceed EUR 0.05 per share and the maximum total amount of
equity repayment distributed from the invested unrestricted equity fund shall
not exceed EUR 0.45 per share. Based on the current total number of issued
shares in the company, the authorization would equal to a maximum of EUR
8,899,926.25 in dividend and a maximum of EUR 80,099,336.25 in equity repayment.

The authorization is valid until the opening of the next Annual General
Meeting.Unless the Board of Directors decides otherwise for a justified reason,
the authorization will be used to distribute dividend and/or equity repayment
four times during the period of validity of the authorization. In this case, the
Board of Directors will make separate resolutions on each distribution of the
dividend and/or equity repayment so that the preliminary record and payment
dates will be as stated below. Citycon shall make separate announcements of such
Board resolutions.

Preliminary payment date             Preliminary record date
31 March 2021 24 March 2021
30 June 2021 21 June 2021
30 September 2021 22 September 2021
30 December 2021 16 December 2021

The dividend and/or equity repayment based on the resolution of the Board of
Directors will be paid to a shareholder registered in the company’s
shareholders’ register maintained by Euroclear Finland Ltd on the record date of
the dividend and/or equity repayment.

Citycon publishes the notice to the Annual General Meeting as a stock exchange
release and on the company's website separately.

Espoo, 18 February 2021
CITYCON OYJ
Board of Directors
For further information, please contact:
 Eero Sihvonen
Executive VP and CFO
Tel. +358 50 557 9137
eero.sihvonen@citycon.com
Laura Jauhiainen
Vice President, Strategy and Investor Relations
Tel. +358 40 823 9497
laura.jauhiainen@citycon.com

Citycon is a leading owner, manager and developer of mixed-use centres for urban
living including retail, office space and housing. We are committed to
sustainable property management in the Nordic region with assets that total
approximately EUR 4.4 billion. Our centres are located in urban hubs with a
direct connection to public transport. Placed in the heart of communities, our
centres are anchored by groceries, healthcare and services to cater for the
everyday needs of customers.

Citycon has investment-grade credit ratings from Moody's (Baa3), Fitch (BBB-)
and Standard & Poor's (BBB-). Citycon Oyj’s share is listed in Nasdaq Helsinki.

www.citycon.com