OPTION RIGHTS 31 August 2004

MERGING OF THE C OPTION RIGHTS OF CITYCON OYJ

A total of 1 900 000 Citycon Oyj's 1999 C option rights,
attached to the Citycon Oyj's warrant program, will be
traded on the Helsinki Exchanges together with the listed
1999 A/B option rights as of 1 September 2004.

Identifiers of Citycon Oyj's 1999 A/B/C option right:

Trading code: CTY1SEW199
ISIN code: FI0009611883
Number of warrants valid in trading: 5 500 000

HELSINKI EXCHANGES
Janne Seppänen