Subscription of Citycon shares exercising stock option rights 2004 B

A total of 299,181 new Citycon shares were subscribed for exercising stock
options B under the company's 2004 stock option scheme in February and early
March. The new shares were registered in the Finnish Trade Register today and
will be traded on the NASDAX OMX Helsinki together with the other Citycon shares
as of 16 March 2010.

The shares were subscribed for at a per-share subscription price of EUR 2.5908.
Each share entitles its holder to one vote. The new shares entitle their holders
to a dividend and equity return for the financial year 2009 as decided by the
Annual General Meeting on 11 March 2010. Other shareholder entitlements became
also effective today.

Following the increase, the number of Citycon shares totals 221,715,474. The
share subscription price of EUR 775,118.13 was recognised under the invested
unrestricted equity fund, so there was no change in the company's registered
share capital, which amounts to EUR 259,570,510.20.

The outstanding unexercised stock options 2004 B entitle their holders to
subscribe for additional 666,104 new shares. The share subscription period of B
options will expire on 31 March 2010.

Helsinki, 15 March 2010

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333 256
petri.olkinuora@citycon.fi

Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.com

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