Citycon's Board Authorised to Decide on a Directed Share Issue

Citycon's Board Authorised to Decide on a Directed Share Issue

Citycon's Extraordinary General Meeting that was held today in Helsinki
authorised the company's Board of Directors to decide on a directed share issue
and the terms and conditions thereof. The total number of shares to be issued may
not exceed 25,000,000 shares. In accordance with the Finnish Companies Act, the
authorisation remains valid for 5 years.

Helsinki, 26 January 2007

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Petri Olkinuora, CEO, tel. +358 9 6803 6738 or
mobile +358 400 333 256

Eero Sihvonen, CFO, mobile +358 50 557 9137

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