CITYCON SELLING COMPANY-HELD SHARES AS P

CITYCON OYJ Stock Exchange Bulletin 30.10.2003, 1.15 p.m. CITYCON SELLING COMPANY-HELD SHARES AS PART OF THE FINANCING ARRANGEMENTS FOR THE ACQUISITION OF A SHOPPING CENTRE Citycon Oyj's Board of Directors decided on 30 October 2003, on the basis of an authorisation granted by the annual general meeting of 20 March 2003, to surrender 3,874,000 Citycon shares held by the company for sale in public dealing by the Helsinki Exchanges. Citycon is selling the shares as part of the financing arrangements for the purchase of the Jyväskylän Forum shopping centre. The shares will be surrendered in suitable batches after the publication of a decision in accordance with section 7:5 of the Companies Act. The shares will be handed over at no less than their market price at the time of surrender, which price shall be determined in public trading by the Helsinki Exchanges. The authorisation granted by the annual general meeting has been entered in the Trade Register and it is valid till 20 March 2004. The authorisation applies to all company-held Citycon shares. The surrender is, in accordance with the authorisation, possible in cases other than that of a shareholder having pre-emption rights over company shares. Furthermore, according to the authorisation, the shares may be surrendered by sale in public trading of securities by the Helsinki Exchanges. CITYCON OYJ Board of Directors Further information: CEO Petri Olkinuora, Tel. +358 400 333 256 Distribution: Helsinki Exchanges, main media

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