Specification of the Stock Exchange Release published today at 10:00 am: Citycon

Citycon Oyj Stock Exchange Release 19 May 2005 at 12:35 pm Specification of the Stock Exchange Release published today at 10:00 am: Citycon expands its operations into Sweden Citycon's stock exchange release earlier today stated the following: A profitable investment The annual net yield of Citycon's investment at the time of the signing is about 8.0 percent. By 2009 the development project will be completed which will transform the shopping centre into a unified complex. The total investment in the development project will be 900-950 million Swedish crowns, and the annual net yield of the investment is projected to be about 9.0 percent. Citycon wants to specify its earlier release with regard to the total value of the investment as follows: A profitable investment The annual net yield of Citycon's investment at the time of the signing is about 8.0 percent. By 2009 the development project will be completed which will transform the shopping centre into a unified complex. The total value of the investment will be 900-950 million Swedish crowns, and the annual net yield of the investment is projected to be about 9.0 percent. The advisor in the acquisition was Temaplan Asset Management, Tyrens AB. Helsinki 19 May 2005 CITYCON OYJ Petri Olkinuora CEO

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