Trading and subscription period with Citycon's 2004 B options to end

Share subscription period by exercising B options under Citycon's stock option
plan 2004 will expire on 31 March 2010. Trading in B options on the NASDAQ OMX
Helsinki will end on 24 March 2010. Those 2004 B options that have not been
exercised for share subscription before the end of March will be deleted from
the book-entry accounts of their holders and from the book-entry securities
system as worthless. A maximum of 666,104 new shares can further be subscribed
for by exercising B options under the 2004 stock option plan.

The share subscription prices of 2004 B/C-options decrease today, on the record
date for dividend payment and equity return, by half of the per-share dividend
and equity return decided by the AGM on 11 March 2010, i.e. by EUR 0.07. The new
share subscription price of 2004 B options is EUR 2.5208 and of C options EUR
4.2213.

Citycon's Board of Directors will approve share subscriptions made by the end of
March in its meeting of 20 April 2010 at the latest. Shareholder entitlements
related to subscribed shares become effective once such shares have been entered
in the Trade Register, approximately on 22 April 2010, and the trading on the
following day, approximately on 23 April 2010.

Instructions for the share subscription are available on the corporate website
at www.citycon.com/options.

Helsinki, 16 March 2010

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Outi Raekivi, Head of Legal Affairs
Tel. +358 20 766 4453 or mobile +358 50 303 9393
outi.raekivi@citycon.fi

Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.com

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