Citycon strengthens its personnel resources in property investment

Citycon Board of Directors has decided to strengthen its personnel resources in
property investment by appointing Mr. Harri Holmström (48), M.Sc. (Surveying),
Chief Investment Officer and member of the Corporate Management Committee. Prior
to joining Citycon Holmström has served as director of international marketing in
SRV Viitoset Ltd. In addition to property investment his duties will include the
expansion opportunities to Scandinavia and the Baltic countries. Holmström starts
at Citycon at the beginning of January 2005.

Citycon Oyj
Board of Directors

For further information please contact:
Petri Olkinuora, CEO, tel. +358 9 6803 6738

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