Citycon Oyj

Regulatory Filings • Feb 12, 2010

Disclosure 275985

Citycon Oyj - Company Announcement

Citycon to divest 89 apartments in Jakobsbergs Centrum in Järfalla, Sweden

CITYCON OYJ Stock Exchange Release 12 February 2010 at 16:35 hrs Citycon to divest 89 apartments in Jakobsbergs Centrum in Järfalla, Sweden Citycon continues with the divestments of its residential portfolio in Sweden by selling two residential buildings ("The Towers") consisting of 89 apartments in the middle of shopping centre Jakobsbergs Centrum for SEK 120 million (approximately EUR 12 million). The apartments were sold to a newly founded owners association by an agreement where the owners association agreed to purchase 100 per cent of the shares in Citycon's Swedish subsidiary Tenrot Fastighets AB. The sold property has a total area of 8,237 sq.m. Closing of the transaction is expected to take place in March 2010. The divestment represents about 25 per cent of the total number of apartments in Jakobsbergs Centrum. Including this transaction, Citycon has during the last 12 months agreed to sell over 35 per cent of its residential portfolio in Sweden for a total amount of SEK 477 million (approximately EUR 47 million) in transactions that are expected to be closed and paid during March or April 2010. Helsinki, 12 February 2010 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Petri Olkinuora, CEO Tel. +358 20 766 4401 or mobile +358 400 333 256 petri.olkinuora@citycon.fi Ulf Attebrant, Vice President, Swedish Operations Tel. +46 8 5228 0313 ulf.attebrant@citycon.se Distribution: NASDAQ OMX Helsinki Major media www.citycon.com [HUG#1384131]