The Board of Directors of Citycon Oyj has in its meeting of 11
February 2009 resolved to cancel 100 bonds, repurchased by the
company on 10 December 2008, from its subordinated convertible
capital bonds issued on 2 August 2006 (the "Convertible Bonds") in
accordance with section 7 (g) of the terms and conditions of the
Convertible Bonds. Citycon announced the repurchase on 10 December
2008.

Following the cancellation, the number of issued and outstanding
bonds under the Convertible Bonds amounts to 1,658 and the maximum
number of shares that can be subscribed for on the basis of such
bonds amounts to 19,738,095 shares. As a result of the cancellation,
the maximum increase of Citycon's share capital on the basis of the
Convertible Bonds decreased from EUR 28,253,570.85 to EUR
26,646,428.25. The above amendments to Citycon's Convertible Bonds
were registered in the Trade Register today, on 24 February 2009.

The 442 bonds repurchased by Citycon between 28 October and 25
November 2008 have been cancelled earlier.

Helsinki, 24 February 2009

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Eero Sihvonen, CFO
Tel +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.fi

Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.fi