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 from Gazit-Globe
(1982)Ltd a statement, in accordance with Chapter 2, Section 9 of
the Securities Market Act and dated 1 March 2003, in which Gazit-
Globe (1982) Ltd. announces the following:

As a result of share purchases executed today, March 1, 2004, the
holdings of Gazit-Globe (1982) Ltd. now represent more than one-
tenth (1/10) of the voting rights and the share capital of Citycon
Oyj. Therefore, we hereby notify the Financial Supervision
Authority and Citycon Oyj the following:

A. Target company: Citycon Oyj (business identity code: 0699505-3)

B. Date of change in holdings: March 1, 2004

C. Gazit-Globe (1982) Ltd's exact proportion of share capital and
voting rights in Citycon Oyj is now the following:

Number of shares Percentage Percentage
Of shares of votes
13,277,400 12.55 % 12.55 %

D. Citycon Oyj's share capital comprises of 105,777,858 shares
that carry a total of 105,777,858 votes.

E. Shareholder's full name and commercial register number

Gazit-Globe (1982) Ltd. X00609017 Registered and domiciled in
Tel Aviv, Israel

At Tel Aviv, Israel, on March 1, 2004
GAZIT-GLOBE (1982) LTD.
Name: Ariel Aven
Title: Executive Vice President

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

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