Citycon's property transaction in Liljeholmen, Stockholm finalised

Stock exchange releases - 31 August 2006

CITYCON OYJ Stock Exchange Release 31 August 2006 at 2.00 p.m.

Citycon's property transaction in Liljeholmen, Stockholm finalised

On 22 August 2006, Citycon announced the signing of an agreement to acquire all
shares in Liljeholmsplan Fastighets AB, Liljeholmsplan Bostadsfastigheter AB and
Liljeholmstorget Development Services AB. These companies own a 20,000m² office
and commercial building and substantial amount of building right for a new
shopping centre in Liljeholmen, Stockholm. The closing of such transaction took
place today. The transaction has been described in greater detail in the
company's stock exchange release issued on 22 August 2006, available at the
company's homepage www.citycon.fi.

Helsinki, 31 August 2006

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Petri Olkinuora, CEO
mobile +358 400 333 256

Kaisa Vuorio, Head of Division, Shopping Centres
mobile +358 500 667 227

Citycon is the Finnish market leader in the shopping centre business. It owns a
total of 19 shopping centres in the Helsinki Metropolitan Area and other regional
centres of Finland, and ten shopping and retail centres in the Stockholm and
Gothenburg regions in Sweden. In the Baltic countries, Citycon owns the Rocca al
Mare shopping centre in Tallinn, Estonia and Mandarinas shopping centre in
Vilnius, Lithuania.

In addition to the shopping centres, Citycon owns 127 supermarket and retail
premises in Finland.

Distribution:
Helsinki Stock Exchange
Main news media
www.citycon.fi