Citycon's Board approved share subscriptions related to its share offering

CITYCON OYJ STOCK EXCHANGE ANNOUNCEMENT 25 October 2005 at 1.00 p.m. Citycon's Board approved share subscriptions related to its share offering The Board of Directors of Citycon Oyj ("the Company") has approved in its meeting of 25 October 2005 the share subscriptions made for the 11,200,000 shares issued in connection with the Company's directed share offering. The Board of Directors decided to register the share capital increase in the Trade Register and to apply for admission to public trading of the new shares on the main list of the Helsinki Stock Exchange together with the Company's other shares in the same share class. Public trading of the new shares is estimated to commence on 27 October 2005. As a result of the directed share offering the share capital of the Company will increase by EUR 15,120,000 and will, upon registration of the share capital increase, amount to EUR 183,860,128.80 consisting of 136,192,688 shares. All the shares subscribed in connection with the directed share offering have been paid in full and entitle, as of the financial year commenced on 1 January 2005, to dividends (if any) to be distributed in the future. Such shares entitle to other rights attached to the shares in the Company as of the registration of the share capital increase. Helsinki, 25 October 2005 CITYCON OYJ Board of Directors For further information, please contact: Petri Olkinuora, CEO, tel. +358 9 6803 6738 or mobile +358 400 333 256 Distribution: Helsinki Stock Exchange Main news media www.citycon.fi

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