Citycon signs a new EUR 75 million revolving credit facility

Stock exchange releases - 27 March 2009


Citycon has today agreed on a EUR 75 million unsecured revolving
credit facility with a club of three Nordic banks. The loan will
mature in three years.

The new syndicated loan will further strengthen the company's
available liquidity and provides means to finance Citycon's growth on
a committed basis. The proceeds from the credit facility will be used
to finance strategic investments such as shopping centre
redevelopment projects. The credit margins of the loan are subject to
a pricing grid based on Citycon's interest cover ratio covenant as
has been the case also with the company's previous loan agreements."The facility was arranged successfully, demonstrating Citycon's
ability to finance its activities as planned and to obtain a targeted
credit amount despite the weak financing market. The total financing
cost remained very competitive as a result of the current low market
interest rates, although the credit margins were higher than in our
previous syndicated loan transactions, reflecting the current market
environment", comments CFO Eero Sihvonen.

Helsinki, 27 March 2009

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Eero Sihvonen, CFO
Tel +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.fi

Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.com
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