NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

Citycon's rights issue prospectus available

On 29 March 2006, the Finnish Financial Supervision Authority approved the
prospectus related to Citycon's ("the Company") rights issue. The prospectus
published today has been prepared in accordance with the Finnish Securities
Markets Act and the Finnish language version is available at the Company's
Internet site www.citycon.fi.

The Finnish language version of the prospectus will also be available at Nordea
Bank Finland Plc's Internet site www.nordea.fi/sijoita as of 31 March 2006. The
printed version of the prospectus is available as of 31 March 2006 at the head
office of the Company, Pohjoisesplanadi 35 AB, Helsinki, by order at telephone
number +358 9 6803 670, at the asset management branches of Nordea Bank Finland
Plc and at the Helsinki Stock Exchange's service point OMX Way at Fabianinkatu
14, Helsinki.

Helsinki, 30 March 2006

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Petri Olkinuora, CEO, tel. +358 9 6803 6738 or
mobile +358 400 333 256

Eero Sihvonen, CFO, tel. +358 9 6803 6730 or
mobile +358 50 557 9137

Distribution:
Helsinki Stock Exchange
Major media
www.citycon.fi

This release is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
under the U.S. Securities Act of 1933, as amended, or an exemption from
registration. Any public offering of securities to be made in the United States
will be made by means of a prospectus that may be obtained from the issuer and
that will contain detailed information about the company and management, as well
as financial statements. The issuer does not intend to conduct a public offering
in the United States or register any part of the offering in the United States.