CITYCON OYJ Stock Exchange Release 15 February 2006 at 1:15 p.m.

Closing of the retail centre transactions in Gothenburg, Sweden

In December 2005 Citycon Oyj announced the signing of an agreement to acquire
four retail centres located in Backa, Hindås, Landvetter and Floda in the Greater
Gothenburg area, Sweden. The closing of such transaction took place today. The
transaction is in line with Citycon's growth strategy to expand its business in
Scandinavia and the Baltic countries. The transaction has been described in
greater detail in the company's stock exchange release issued on 16 December
2005.

Helsinki, 15 February 2006

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Kaisa Vuorio, Head of Shopping Centres Division
mobile +358 500 667 227
kaisa.vuorio@citycon.fi

Distribution:
Helsinki Stock Exchange
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www.citycon.fi