DECLARATION OF A CHANGE IN A HOLDING IN

Citycon Oyj Stock Exchange Release 11.11.2003 11.15 a.m. This is a translation of Citycon's release of November 11, 2003. DECLARATION OF A CHANGE IN A HOLDING IN ACCORDANCE WITH CHAPTER 2 SECTION 10 OF THE SECURITIES MARKETS ACT In accordance with chapter 2 section 10 of the Securities Markets Act, we declare that Citycon Oyj has received a notification dated 11 November 2003, in accordance with chapter 2 section 9 of the Securities Markets Act, in which Nordea Bank Finland Plc has declared the following: Nordea Bank Finland Plc declares that its percentage holding of Citycon Oyj's voting rights and share capital has fallen from approximately 42.6 per cent to zero (0). Nordea Bank Finland Plc sold the Citycon shares in its possession on 10 November 2003. In accordance with chapter 2 section 9 of the Securities Markets Act and decision (391/1999) of the Ministry of Finance on the information to be provided in connection with the publication of holdings, we declare the following information to Citycon and the Financial Supervision Authority: 1. The subject company's name and business ID and association code: Citycon Oyj, 0699505-3 2. Date on which the holding has changed: 10 November 2003 3. Percentage of the subject company's voting rights and share capital Nordea Bank Finland Plc holds Citycon shares as follows: Shares: none (0) Percentage of share capital: zero (0) per cent Percentage of voting rights: zero (0) per cent 4. Name of shareholder and business ID and association code: Nordea Bank Finland Plc, 1680235-8 In addition, Nordea AB (publ) has announced in its stock exchange bulletin issued on 11 November 2003 that the buyers are several international financial institutions. CITYCON OYJ Petri Olkinuora Tel. +358 400 333 256 Distribution: Helsinki Exchanges, Financial Supervision

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