Share subscription period by exercising C options under Citycon Oyj’s stock option plan 2004 will expire on 31 March 2011. Trading in C options on the NASDAQ OMX Helsinki will end on 24 March 2011. Those 2004C 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 1,273,335 new shares can still be subscribed for by exercising 2004C options. The expiry of the 2004C options’ subscription period also means the end of the company’s entire 2004 stock option plan.

 

 The share subscription price of 2004C-options is EUR 4.2213. The subscription price will decrease, on the record date for dividend payment and equity return 28 March 2011, by half of the per-share dividend and equity return possibly decided by the AGM to be held on 23 March 2011, i.e. by EUR 0.07. As a result, the new share subscription price of 2004C options would be EUR 4.1513.

 

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

 

 Helsinki, 16 March 2011

 

 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

 ww.citycon.com