APPROVAL OF SHARE SUBSCRIPTIONS RELATED TO THE SHARE OFFERING AND
APPLICATION FOR ADMISSION OF THE NEW SHARES TO THE MAIN LIST OF
HELSINKI EXCHANGES
The Board of Directors of Citycon Oyj ("the Company") has approved in
its meeting on 22 September 2004 the share subscriptions made for the
10,000,000 shares issued in connection with the Company's directed
share offering. The Board of Directors decided to register the share
capital increase in the Trade Register and to apply with the Helsinki
Exchanges for admission of the new shares for public trading on the
main list of the Helsinki Exchanges along with the other shares of the
Company in the same share class. The new shares are estimated to be in
public trading on 27 September 2004.

Helsinki, 23 September 2004

CITYCON OYJ
BOARD OF DIRECTORS

For further information, please contact:
Petri Olkinuora, CEO, tel. +358 9 6803 6738 or
+358 400 333 256

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