CITYCON HAS ACQUIRED THE TORIKESKUS SHOP

Citycon Oyj Stock Exchange Release 25.2.2004 1.45pm CITYCON HAS ACQUIRED THE TORIKESKUS SHOPPING CENTRE IN SEINÄJOKI Citycon Oyj, which specialises in commercial premises for the retail trade, has acquired the Torikeskus shopping centre in Seinäjoki from Polar Real Estate Corporation in accordance with a previously made preliminary agreement. Seinäjoen Torikeskus is one of the leading shopping centres in the large market area of Southern Ostrobothnia. The shopping centre was visited by an 1.5 million customers in 2003 and its total sales were roughly 16.0 million euros. The purchase price of Seinäjoen Torikeskus is 7.0 million euros. The net yield of the property on its purchase price at the date of the transaction is roughly 8.6 per cent. To finance the transaction, Citycon is to take a loan of EUR 5 million. Citycon is the Finnish market leader for shopping centre business. After the transaction, the company owns a total of 16 shopping centres in the Helsinki Metropolitan Area and other regional centres in Finland. The estimated total sales of the shopping centres after the transaction are 739.7 million euros a year. In addition to shopping centres, Citycon also owns 133 supermarkets and shops. The balance sheet value of the company's entire property portfolio after the transaction now effected is 728.9 million euros, of which shopping centres account for 58.3 per cent and supermarket and shops for 41.7 per cent. Citycon Oyj Board of Directors Further information: CEO Petri Olkinuora Tel. +358 400 333 256 Head of Shopping Centre Division Kaisa Vuorio Tel. +358 500 667 227 www.citycon.fi Distribution: Helsinki Exchanges and key media

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