Citycon's share capital increase based on stock options 1999

Stock exchange releases - 20 September 2005


Citycon's share capital increase based on stock options 1999

A total of 43,000 new Citycon shares with a nominal value of EUR 1.35 per share
were subscribed in August and September exercising the A/B/C options based on the
company's stock option plan 1999. The corresponding share capital increase, EUR
58,050.00 was entered in the Trade register today. The new shares will be traded
on the Helsinki Stock Exchange's main list along with the other Citycon shares as
of 21 September 2005.

The 43,000 shares were subscribed at a per-share subscription price of EUR 1.40.
Each share entitles to one vote. The new shares entitle their holders to a
dividend for the financial year 2005. Other shareholder entitlements became
effective today.

After the increase the registered share capital of Citycon Oyj is EUR
168,484,978.80 and the total number of shares is 124,803,688.

The unexercised stock options based on Citycon's stock option plan 1999 entitle
their holders to subscribe for 4,600,170 new shares, corresponding to a further
share capital increase of EUR 6,210,229.50. The share subscription period will
expire on 30 September 2007.

Helsinki, 20 September 2005

CITYCON OYJ

Petri Olkinuora
CEO

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

Distribution:
Helsinki Stock Exchange
Main Media
www.citycon.fi