Citycon applies for listing of the stock options 2004 B on the<br />Helsinki Stock Exchange

Stock exchange releases - 17 August 2007


Citycon Oyj applies for listing of the B stock options under the
company's stock option plan 2004 on the Helsinki Stock Exchange
starting 3 September 2007.

The number of 2004 B options totals 1,300,000, of which 1,090,000
stock options have been granted to the personnel. The remaining
210,000 stock options are held by Veniamo-Invest Oy, a subsidiary of
Citycon Oyj. Each stock option entitles its holder to subscribe for
1.0611 Citycon share. The maximum number of shares that may be
subscribed for by exercising the B option rights held by the
personnel totals 1,156,599. The present share subscription price of
the B-options is EUR 2.6066 per share. Half of the annually
distributed per-share dividends shall be deducted from the share
subscription price.

The share subscription period for B options will commence on 1
September 2007 and expire on 31 March 2010. The terms and conditions
of the stock option plan 2004, as amended pursuant to the decision
taken by the Annual General Meeting of 2007, are enclosed to this
release in their entirety.

The A option rights under the 2004 stock option plan have been traded
on the Helsinki Stock Exchange since 1 September 2006. Instructions
for share subscriptions exercising both the 2004 A and 2004 B option
rights are available on the company's website www.citycon.fi.

Helsinki, 17 August 2007

CITYCON OYJ
Petri Olkinuora
CEO

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

Distribution:
Helsinki Stock Exchange
Major media
www.citycon.fi

APPENDIX: Terms and conditions of Citycon Oyj's stock options 2004
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