Public trading in Citycon's stock options 2004 C commences on the<br />main list of the Helsinki stock exchange

Stock exchange releases - 29 August 2008

Public trading in Citycon Oyj's 2004 C stock options under the
company's stock option plan 2004 will commence on the OMX Nordic
Exchange Helsinki on 1 September 2008.

The number of 2004 C options (trading code CTY1SEW304 and ISIN-code
FI0009627905) totals 1,300,000, of which 1,050,000 stock options have
been granted to the personnel. The remaining 250,000 stock options
are held by Veniamo-Invest Oy, a subsidiary of Citycon Oyj. The share
subscription period for C options will commence on 1 September 2008
and expire on 31 March 2011. Each stock option entitles its holder to
subscribe for 1.2127 Citycon share. The maximum number of shares that
may be subscribed for by exercising the C option rights held by the
personnel totals 1,273,335. The share capital of the company will not
increase as a result of the subscriptions since the subscription
price will be recognised under the invested unrestricted equity fund.
The present share subscription price of the C-options is EUR 4.3613
per share. Half of the annually distributed per-share dividends
and/or equity returns shall be deducted from the share subscription

Shares subscribed exercising stock option rights 2004 entitle to
dividend for the financial year they are subscribed in. Other
shareholder entitlements become effective on the registration date of
the shares.

On 19 July 2006, the Finnish Financial Supervision Authority granted
the company an exemption from the duty to publish a listing
prospectus when applying the admission of the 2004 stock options and
the shares subscribed exercising said options for public trading on
the OMX Nordic Exchange Helsinki.

The terms and conditions of the stock option plan 2004 as well as
instructions for share subscriptions exercising 2004 option rights
are available on the company's website

Helsinki, 29 August 2008

Petri Olkinuora

For further information, please contact:
Petri Olkinuora, CEO, tel. +358 9 6803 6738 or
mobile +358 400 333 256

OMX Nordic Exchange Helsinki
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