CITYCON OYJ Stock Exchange Release 1 Sept. 2006 at 12.45 p.m.

Citycon's shopping centre transaction near Gothenburg finalised

On 22 May 2006, Citycon announced the signing of an agreement to acquire all
shares in Stenungs Torg Fastighets AB, the majority holder of the StenungsTorg
shopping centre located in the Stenungsund municipality north of Gothenburg.
Closing of such transaction took place today. The transaction has been described
in greater detail in the company's stock exchange release issued on 22 May 2006,
available at the company's homepage For more details on the
purchased property, see

Helsinki, 1 September 2006

Petri Olkinuora

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 eleven shopping and retail centres 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.

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