Subscriptions of Citycon shares exercising stock option rights 1999

Stock exchange releases - 24 October 2007


A total of 71,370 new Citycon shares at a per-share subscription
price of EUR 1.35 were subscribed in September exercising stock
options under the company's 1999 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 25 October 2007. The new shares entitle their holders to
dividend for the financial year 2007 and to all other rights attached
to the shares in the company as of today. Each share entitles their
holder to one vote.

As a result of the increase, the number of Citycon shares totals
220,829,624. 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
259,570,510.20.

Citycon's 1999 stock option scheme expired on 30 September 2007 and
shares can no longer be subscribed for based on this stock option
scheme.

Helsinki, 24 October 2007

CITYCON OYJ

Petri Olkinuora
CEO

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

Distribution:
OMX Nordic Exchange Helsinki
Major media
www.citycon.fi