Notification of change in holdings under Chapter 2, Section 10 of the<br />Finnish Securities Market Act

Stock exchange releases - 19 May 2008


Pursuant to Chapter 2, Section 10 of the Finnish Securities Market
Act, Citycon Oyj announces that it has received, in accordance with
Chapter 2, Section 9 of the Finnish Securities Market Act, a
notification from AXA Investment Managers, in which AXA Group
announces the following:"As a result of the sale of shares on May 13th, 2008, the holdings of
AXA S.A. and its subsidiaries including asset management companies
managing assets on behalf of third parties have on an aggregated
basis crossed down 5% of the total number of shares in Citycon Oyj.
The holdings of AXA S.A. and its subsidiaries represented 4.99% of
the total number of shares in Citycon Oyj on May 13th, 2008.

Under chapter 2, section 9, of the Securities Markets Act, we herby
notify the Financial Supervision Authority and Citycon Oyj of the
following:

1. Name of the company in which holdings have been acquired:
Citycon Oyj, register number 0699505-3
2. Date of change in holdings: May 13th, 2008: 5% threshold
crossed down
3. Please find below AXA Group's exact proportion of voting
rights and total number of shares in Citycon Oy
on May 13th, 2008:

+-----------------------------------------------------------+
| | Number | Proportion of total | Proportion of |
| | | number of shares | voting rights |
|--------+------------+---------------------+---------------|
| Shares | 11,017,656 | 4.99% | 4.99% |
|--------+------------+---------------------+---------------|
| TOTAL | 11,017,656 | 4.99% | 4.99% |
+-----------------------------------------------------------+

On May 13th, 2008 the share capital of Citycon Oyj comprised a total
number of 220,985,546 shares (Citycon Oyj has a single series of
shares and each share confers entitlement to one vote). Therefore AXA
Group's holdings were 4.99% of the total number of shares and 4.99%
of the voting rights.

4. AXA S.A.'s trade register number: 572 093 920 RCS Paris

Paris, on May 16th, 2008

Claire Juillard
Compliance
+33 (0)1 44 45 99 90"

Helsinki, 19 May 2008

CITYCON OYJ
Petri Olkinuora
CEO

Distribution:
OMX Nordic Exchange Helsinki
Major media
www.citycon.fi
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