A total of 6,403 new Citycon shares have been subscribed for in July
exercising stock options A under the company's 2004 stock option
scheme. The new shares were registered in the Trade Register today
and will be traded on the OMX Nordic Exchange Helsinki together with
the other Citycon shares as of 23 July 2008.

The shares were subscribed for at a per-share subscription price of
EUR 2.2732. Each share entitles its holder to one vote and to a
dividend for the financial year 2008. Other shareholder entitlements
became effective today.

Following the increase, the number of Citycon shares totals
220,998,989. The share subscription price was recognised under the
invested unrestricted equity fund, so there was no change in the
company's registered share capital, which amounts to EUR

The outstanding unexercised stock options 2004 A entitle their
holders to subscribe for further 842,736 new shares. The share
subscription period will expire on 31 March 2009.

Helsinki, 22 July 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
Major media