CITYCON BECAME SOLE OWNER OF THE COMMERCIAL PREMISES IN THE SHOPPING CENTRE

Citycon Oyj Stock Exchange Release 30.12.2004 12:45 p.m. CITYCON BECAME SOLE OWNER OF THE COMMERCIAL PREMISES IN THE SHOPPING CENTRE TORIKESKUS IN SEINÄJOKI Citycon Oyj, which specialises in commercial premises for the retail trade, has acquired 10.1 per cent of share capital of the company named Kiinteistö Oy Seinäjoen Kino. Kiinteistö Oy Seinäjoen Kino owns together with Kiinteistö Oy Larvalankatu 13 the commercial premises in the Torikeskus Shopping Centre in Seinäjoki. Citycon has hundred-percent ownership in both companies after the transaction. The purchase price was EUR 1.2 million. The Torikeskus Shopping Centre is one of the leading shopping centres in the large market area of Southern Ostrobothnia. It is estimated that 1.4 million customers will be visiting the shopping centre in 2004 and its total sales will be roughly EUR 16.8 million. Citycon acquired the Torikeskus Shopping Centre in February 2004. The purchase price was EUR 7.0 million. The net yield of the property on its purchase price at the date of the transaction was roughly 8.6 per cent. Citycon owns a total of 16 shopping centres in the Helsinki Metropolitan Area and other regional centres in Finland. In addition to shopping centres, Citycon also owns 130 supermarkets and shops. The balance sheet value of the company's entire property portfolio on 30 September 2004 was EUR 731.0 million, of which shopping centres account for 58.9 per cent and supermarkets and shops for 41.1 per cent. Citycon Oyj Board of Directors Further information: CEO Petri Olkinuora Tel. +358 400 333 256 Head of Shopping Centre Division Kaisa Vuorio Tel. +358 500 667 227 www.citycon.fi Distribution: Helsinki Exchanges and main media

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