Citycon's shopping centre transaction in Greater Stockholm Area finalised

Stock exchange releases - 11 September 2006

CITYCON OYJ Stock Exchange Release 11 Sept. 2006 at 15.25 p.m.

Citycon's shopping centre transaction in Greater Stockholm Area finalised

On 26 June 2006, Citycon announced the signing of an agreement to acquire the
entire stock of BHM Centrumfastigheter AB, which owns 100% of the Jakobsbergs
shopping centre in the municipality of Järfälla, located in the north-western
part of the Greater Stockholm Area in Sweden. Closing of such transaction took
place today. The transaction has been described in greater detail in the
company's stock exchange release issued on 26 June 2006, available at the
company's homepage www.citycon.fi. For more details on the purchased property,
see www.jakobsbergscentrum.se.

Helsinki, 11 September 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 twelve shopping centres and retail properties 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