CITYCON OYJ Stock Exchange Announcement 17 September 2007 at 10.00 a.m. NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA On 14 September 2007, the Finnish Financial Supervision Authority approved the Finnish prospectus related to Citycon's (the "Company") rights issue. The Finnish prospectus consists of a registration document (the "Registration Document") and a summary and securities note (the "Offering Note"). The Registration Document and the Offering Note in Finnish language are available as of today, 17 September 2007, until the end of the term of such documents - at the website of the Company at www.citycon.fi - at the offices of the Company at Pohjoisesplanadi 35 AB, FI-00100 Helsinki, Finland - upon order by e-mail at info@citycon.fi - at OMX Way, the service point of the OMX Nordic Exchange Helsinki Ltd. at Fabianinkatu 14, FI-00100 Helsinki - at the website of the lead manager of the rights issue, OKO Corporate Finance Ltd., at www.op.fi/merkinta as well as - as of 18 September 2007 at OP-Pohjola Bank Group's member banks and the offices of Helsinki OP Bank Plc, which also serve as the places of subscription. The Registration Document and the Offering Note in English language are available to eligible shareholders at the offices of the Company at the address indicated above or upon order by e-mail at info@citycon.fi or okocf@oko.fi. Helsinki, 17 September 2007 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Eero Sihvonen, CFO, mobile +358 50 557 9137 Distribution: Helsinki Stock Exchange Major media www.citycon.fi This release is not an offer of securities for sale in the United States. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements. The issuer does not intend to conduct a public offering in the United States or register any part of the offering in the United States. Copies of this release are not being made and may not be distributed or sent into the United States, Canada, Japan or Australia.