On 25 May 2007, Citycon announced the signing of an agreement to
acquire 75 per cent of the shares in the Swedish real estate company
Balticgruppen Handel AB for approximately SEK 490 million (ca EUR
53.3 million). The real estate company owns the shopping centre
Strömpilen and the Länken retail property in Umeå in northern Sweden.
Closing of such transaction took place today. The transaction has
been described in greater detail in the company's stock exchange
release issued on 25 May 2007. For additional information on the
purchased properties, see the company's homepage www.citycon.fi.

Helsinki, 5 June 2007

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Ulf Attebrant, Vice President, Swedish Operations
mobile +46 70 341 53 17

Petri Olkinuora, CEO
mobile +358 400 333 256

Citycon is the market leader for the shopping centre business in
Finland, where it owns a total of 20 shopping centres. In Sweden,
Citycon owns eight shopping centres and two in the Baltic countries.
In addition to the shopping centres, Citycon owns 52 other retail
properties, 45 in Finland and seven in Sweden.

Distribution:
Helsinki Stock Exchange
Main news media
www.citycon.fi
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