Citycon's shopping centre transaction in Helsinki finalised

On 16 June 2006, Citycon announced the signing of an agreement to acquire the
Columbus shopping centre located in Vuosaari, Helsinki. 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 16 June 2006, available
at the company's homepage www.citycon.fi, where you can also find further
information on the purchased property.

Helsinki, 4 July 2006

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Harri Holmström, Chief Investment Officer
mobile +358 40 845 5726

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

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

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