Citycon Oyj to repay its capital loan 1/1999 prematurely

Citycon Oyj Stock Exchange Release 13 June 2005 at 4.15 p.m. Citycon Oyj to repay its capital loan 1/1999 prematurely Citycon Oyj has decided to repay its capital loan 1999 prematurely on 30 June 2005. The loan will be repaid according to the terms and conditions of the loan. Citycon issued on 30 June 1999 a EUR 68 452 486 capital loan to institutional investors. The loan was originally due to mature on 30 June 2009. The note holders of the loan will be informed of the prepayment through an announcement in Helsingin Sanomat on 15 June 2005. The prepayment of the loan will result according to a current estimate in a one time cost of approximately EUR 5.5 million that will be charged fully in the second quarter result. Citycon has today announced the issue of a new capital loan. The amount of the new loan is EUR 70 million and its maturity date is 17 June 2010. After taking into account the above mentioned one time cost the net savings in the financing expenses of Citycon will be approximately EUR 1.5 million over the next four years. CITYCON OYJ Board of Directors For more information, please contact: Petri Olkinuora, CEO tel. +358 9 6803 6738 or +358 400 333 256 petri.olkinuora@citycon.fi Pirkko Salminen, CFO tel. +358 9 6803 6730 or +358 50 3022 485 pirkko.salminen@citycon.fi Distribution: Helsinki Stock Exchange Main news media www.citycon.fi

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