credit facility agreement with an international bank group. The
facility consists of a seven year bullet term loan of EUR 200
million, and a EUR 150 million five year revolving credit facility.
The facility was substantially oversubscribed at syndication.

The initial interest margin of the revolving credit facility is 0.55%
and the initial interest margin of the term loan is 0.675%. The
margins are subject to a pricing grid based on Citycon's interest
cover ratio covenant. The interest margin of the revolving credit
facility will be between 0.50% - 0.65% and between 0.625% - 0.825%
for the seven year term loan.

The new facility provides means to finance Citycon's growth at a
competitive interest cost and will extend the average loan maturity
of Citycon's loan portfolio.

The term loan facility will be used to refinance the remaining EUR
200 million of the short term credit facility drawn in September for
the financing of the acquisition of Iso Omena shopping centre. The
EUR 150 million revolving credit facility will be utilized in the
future to finance the committed development pipeline and potential
property acquisitions in accordance with Citycon's strategy.

The mandated lead arrangers of the facility are Nordea Bank Finland
plc, Danske Bank A/S, Landesbank Hessen-Thüringen Girozentrale, OKO
Bank plc, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB
(publ) with Bank DnB Nord A/S joining in the bank group.

Helsinki, 27 November 2007

Petri Olkinuora

For further information, please contact:
Eero Sihvonen, CFO
Mobile +358 50 557 9137

Petri Olkinuora, CEO
Mobile +358 400 333 256

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