NOTIFICATION OF CHANGE IN SHAREHOLDING U

Stock exchange releases - 10 December 2003


NOTIFICATION OF CHANGE IN SHAREHOLDING UNDER CHAPTER 2, SECTION 10
OF THE SECURITIES MARKET ACT

In accordance with Chapter 2, Section 10 of the Securities Market
Act, we announce that Citycon Oyj has received on 9 December from
Deutsche Bank AG London a statement, in accordance with Chapter 2,
Section 9 of the Securities Market Act and dated 8 December 2003,
in which Deutsche Bank AG London announces the following:

Deutsche Bank AG, would like to inform you that as at close of
business 5 December 2003, Deutsche Bank AG and its subsidiary
companies, were in possession of 5,306,000 shares to which they
had the dispositive rights, representing 5.02% of the company's
105,777,858 common shares.

In addition, Deutsche Bank AG, would like to inform you that as at
close of business 5 December 2003, Deutsche Bank AG and its
subsidiary companies, were in possession of 5,628,000 shares to
which they had the voting rights, representing 5.32% of the
company's 105,777,858 common shares.

Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany.

Name of target company: Citycon Oyj
Business Identity Code: 0699505-3
Date when holding changed: 5 December 2003

Citycon Oyj's share capital comprises altogether 105,777,858
shares and these shares carry a total of 105,777,858 votes.

The notification received by Deutsche Bank AG London does not
mention the full business identity details of the organization
making the disclosure as required in Chapter 2, Section 9 of the
Securities Market Act and in Section 4, Paragraph 5 of the
Decision (391/1999) of the Ministry of Finance about the
information to be given when disclosing shareholdings.

CITYCON OYJ
Petri Olkinuora
CEO
tel. +358 400 333 256

Distribution: Helsinki Exchanges, Financial Supervision Authority