Citycon Oyj — Major Shareholding Notification 2021

Nov 26, 2021

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   26 November 2021 at 16:20 hrs

Citycon Oyj (“Citycon” or the “Company”) has filed on 26 November 2021 the
following notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Market Act according to which Citycon’s total holding of own shares
has increased above five (5) percent on 25 November 2021.
The notification relates to Citycon’s acquisition of a total of 9,500,000
Citycon’s own shares in a market based reverse accelerated bookbuild based on
the decision by the Board of Directors (the “Reverse ABB”). After the repurchase
has been completed, the shareholding and voting rights of Gazit-Globe Ltd. are
expected to exceed the threshold of 50 per cent of all the outstanding shares
and votes in Citycon. Pursuant to the exemption under Chapter 11, Section 21 of
the Finnish Securities Markets Act (746/2012, as amended), as the change in the
holding results solely from measures taken by the Company, exceeding this
threshold does not trigger an obligation to launch a mandatory public tender
offer before Gazit-Globe Ltd., who has exceeded the threshold, acquires or
subscribes to more shares of the Company or otherwise raises its proportion of
voting rights in the Company. Three members of the Board of Directors of Citycon
(Chairman Chaim Katzman, Zvi Gordon and Ofer Stark) have neither participated in
any consideration nor any decision-making concerning the Reverse ABB.
Citycon Oyj has one series of shares in which each share carries one vote. The
total number of shares and votes is 177,998,525.
The holding of own shares of Citycon according to the notification:

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

Resulting 5.34% 5.34%
situation on the
date on
which threshold
was crossed or
reached
Position of
previous
notification
(if applicable)

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

Class/type of Number of % of shares and voting rights
sharesISIN shares and
code (if voting
possible) rights
Direct(SMA Indirect(SMA Direct(SMA 9:5) Indirect(SMA 9:6 and 9:7)
9:5) 9:6 and 9:7)
FI4000369947 9,500,000 5.34%
SUBTOTAL 9,500,000 5.34%

CITYCON OYJ
For further information, please contact:
Valtteri Piri
Investor Relations and Legal Specialist
Puh. +358 50 570 1022
valtteri.piri@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 4.5 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