Citycon's share capital increase based on stock options 1999

A total of 750,330 new Citycon shares with a nominal value of EUR 1.35 per share
were subscribed in December exercising the A/B/C options based on the company's
stock option plan 1999. The corresponding share capital increase, EUR
1,012,945.50 was entered in the Trade Register today. The new shares will be
traded on the Helsinki Stock Exchange's main list together with the other Citycon
shares as of 17 February 2006.

The 750,330 shares were subscribed at a per-share subscription price of EUR 1.40.
Each share entitles to one vote. The new shares entitle their holders to a
dividend for the financial year 2005. Other shareholder entitlements became
effective today.

After the increase the registered share capital of Citycon Oyj amounts to EUR
185,128,669.80 and the total number of shares to 137,132,348.

The unexercised stock options based on Citycon's stock option plan 1999 entitle
their holders to subscribe for 3,471,510 new shares, corresponding to a further
share capital increase of EUR 4,686,538.50. The share subscription period will
expire on 30 September 2007.

Helsinki, 16 February 2006

CITYCON OYJ

Petri Olkinuora
CEO

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

Distribution:
Helsinki Stock Exchange
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www.citycon.fi