Citycon Becomes Sole Owner of Myyrmanni Shopping Centre

CITYCON OYJ Stock Exchange Release 16 January 2006, at 13.00 hrs

Citycon Becomes Sole Owner of Myyrmanni Shopping Centre

Citycon Oyj has acquired the remaining 26 per cent holding in the Myyrmanni
shopping centre and in addition to that the Valtari shopping centre in Kouvola at
a debt-free purchase price of approx. EUR 37 million. The net yield of this
investment is 7.4 per cent at the time of acquisition. Consequently, Citycon's
holdings in these properties are now 100 per cent.

In 2005, the Myyrmanni shopping centre in Vantaa recorded approx. 7.1 million
customer visits and total sales of around EUR 158 million. Its gross leasable
area is 42,000m². This acquisition will improve Citycon's opportunities to
further develop the shopping centre's operations to better meet modern consumer
needs.

The Valtari shopping centre is one of the largest centres in Kouvola, reporting
around 450,000 customer visits and posting total sales of roughly EUR 3.4 million
in 2005. Its gross leasable area is 7,619m².

Helsinki, 16 January 2006

CITYCON OYJ
Board of Directors

Further information:
Petri Olkinuora, CEO, tel. +358 9 6803 6738 or
(mobile) +358 400 333256
petri.olkinuora@citycon.fi

Distribution:
Helsinki Stock Exchange
Main media
www.citycon.fi