Citycon has agreed on the divestment of two mainly residential
properties connected to the Åkersberga Centrum shopping centre,
located in the Greater Stockholm area. The buyer is the Swedish
investment company Tegeltornet AB and the price SEK 181 million
(approx. EUR 16.7 million).

"Residential properties are not part of Citycon's strategy. After the
sale of the apartments we will focus on the improvement of the
centre," comments Petri Olkinuora, Citycon's CEO.

According to the contract signed today, Citycon will sell a total of
181 apartments with a combined living area of 12,050 sq.m. and a
total area of 16,100 sq.m. Closing of the transaction is expected to
take place during the fourth quarter.

The transaction is the second within a short period. In June, Citycon
sold 72 apartments in Liljeholmen, Stockholm to Heba Fastighets AB.

Citycon's ownership stake in Åkersberga Centrum is 75 per cent. The
other owner of the shopping centre is the real estate company Armada
Fastigheter AB, owned by the municipality of Österåker. Citycon
acquired the centre in 2005. In all, Citycon owns eight shopping
centres and seven other retail properties in Sweden.

Helsinki, 7 July 2009

Petri Olkinuora

For further information, please contact:
Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333 256

Ulf Attebrant, Vice President, Swedish operations
Telephone +46 8 5228 0313

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