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 14 December 2007.

The shares were subscribed for at a per-share subscription price of
EUR 2.3432. Each share entitles their holder to one vote and to a
dividend for the financial year 2007. Other shareholder entitlements
became effective today.

As a result of the increase, the number of Citycon shares totals
220,981,211. The share subscription price was recognised under the
invested unrestricted equity fund, so there is no change in the
company's registered share capital, which amounts to EUR

Following the amendment of the terms and conditions of the 2004 stock
option scheme in October the outstanding unexercised stock options A
under said scheme entitle their holders to subscribe for further
853,474 new shares. The share subscription period will expire on 31
March 2009.

Helsinki, 13 December 2007

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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