Closing of the retail centre transaction in Sweden

CITYCON OYJ Stock Exchange Release 1 December 2005 at 3:50 p.m. Closing of the retail centre transaction in Sweden On 15 September 2005 Citycon Oyj announced the signing of an agreement to acquire three retail centres located in Åkermyntan, Kallhäll and Fruängen in the Stockholm Metropolitan Area, Sweden. The closing of such transaction took place today. The transaction is in line with Citycon's growth strategy to expand its business in Scandinavia and the Baltic countries. The transaction has been described in greater detail in the company's stock exchange release issued on 15 September 2005. Helsinki, 1 December 2005 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Petri Olkinuora, CEO, tel. +358 9 6803 6738 or mobile +358 400 333 256 petri.olkinuora@citycon.fi Distribution: Helsinki Stock Exchange Main news media www.citycon.fi

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