CITYCON OYJ Stock Exchange Release 31 Jan. 2007 at 2.30 p.m.

Citycon's Shopping Centre Transaction in Greater Stockholm Area Finalised

On 15 December 2006, Citycon announced the signing of an agreement to acquire the
entire stock of Tumba Centrumfastighets AB. The company owns Tumba Centrum, a
shopping centre in the municipality of Botkyrka, south of Stockholm. Closing of
such transaction took place today. The transaction has been described in greater
detail in the company's stock exchange release issued on 15 December 2006. For
additional information on the purchased property, see the company's homepage
www.citycon.fi.

Helsinki, 31 January 2007

CITYCON OYJ
Petri Olkinuora
CEO

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

Ulf Attebrant, Vice President, Swedish Operations
mobile +46 70 341 53 17

Citycon is the market leader for the shopping centre business in Finland, where
it owns a total of 19 shopping centres. In Sweden, Citycon owns six shopping
centres and two in the Baltic countries. In addition to the shopping centres,
Citycon owns 53 other retail properties, 46 in Finland and seven in Sweden.

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