CITYCON WILL DISPOSE ITS OWN SHARES IN P

Stock exchange releases - 11 August 2004


CITYCON WILL DISPOSE ITS OWN SHARES IN PUBLIC TRADING ON THE
HELSINKI EXCHANGES

The Board of Directors of Citycon Oyj has resolved on 11 August
2004 that the company will dispose all 3,874,000 of its own shares
currently held by the company on the basis of authorization given
by the Annual General Meeting on 15 March 2004. Shares will be
disposed through several transactions in public trading on the
Helsinki Exchanges at the market price quoted at the time of
disposal, as provided by the regulations on public trading of own
shares. The nominal value of Citycon's share is EUR 1.35. The
reason for disposing Citycon's own shares is being prepared for
possible future real estate acquisitions. The trading will not be
initiated until a week has elapsed from the public announcement of
this resolution at the earliest 19 August 2004.

Helsinki, 11 August 2004

CITYCON OYJ
Board of Directors

Further information: CEO Petri Olkinuora, Tel. +358 400 333 256

Distribution: Helsinki Exchanges and main media

www.citycon.fi

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