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

Stock exchange releases - 9 November 2007


Pursuant to Chapter 2, Section 10 of the Securities Markets Act,
Citycon Oyj announces that it has received, in accordance with
Chapter 2, Section 9 of the Securities Markets Act, a notification
from Perennial Investment Partners Ltd, in which Perennial Investment
Partners Ltd announces the following:

As a result of a share transaction concluded on November 5, 2007, the
holdings of Perennial Investment Partners Ltd, (AFSL No: 238763. ABN:
59 087 901 620) now represent 5.10% of the voting rights and share
capital of Citycon Oyj. Under Chapter 2, Section 9 of the Securities
Markets Act, we hereby notify the Financial Supervision Authority and
Citycon of the following:

1. Name of Company in which holdings have been acquired: Citycon Oyj
2. Date of change in holdings: 5 November 2007
3. Exact proportion of voting rights and share capital in Citycon
Oyj, by type of shares:

+-------------------------------------------------------------------+
| Share Type | Number of Shares | % of Share | % of Voting |
| | | Capital | Rights |
|------------+------------------+------------------+----------------|
| CTY1S | 11,256,637 | 5.10% | 5.10% |
|------------+------------------+------------------+----------------|
| Total | 11,256,637 | 5.10% | 5.10% |
+-------------------------------------------------------------------+

The share capital of Citycon Oyj comprises a total of 220,829,624
shares, said shares entitling to a total of 11,256,637 votes.

4. Shareholder's complete name, trade register number see:
http://www.perennial.net.au/index.jsp

Helsinki, 9 November 2007

CITYCON OYJ
Petri Olkinuora
CEO

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