CITYCON OYJ Stock Exchange Release 11 March 2010 at 17.00 hrs Thom Wernink continues as Citycon's Chairman of the Board of Directors Thom Wernink was elected Chairman and Ronen Ashkenazi Deputy Chairman of Citycon Oyj's Board of Directors in the Board meeting held after the Annual General Meeting that took place earlier today. The following Directors were elected to the Board of Directors' committees: Audit Committee Raimo Korpinen (Chairman) Gideon Bolotowsky Thom Wernink Per-Håkan Westin Ariella Zochovitzky Remuneration Committee Tuomo Lähdesmäki (Chairman) Gideon Bolotowsky Thom Wernink Ariella Zochovitzky Nomination Committee Tuomo Lähdesmäki (Chairman) Claes Ottosson Thom Wernink Per-Håkan Westin Ariella Zochovitzky Strategy and Investment Committee Ronen Ashkenazi (Chairman) Raimo Korpinen Dor J. Segal Thom Wernink Per-Håkan Westin Independence of the members of the Board of Directors It is the view of the Board of Directors that all Directors are independent of the company and Gideon Bolotowsky, Raimo Korpinen, Tuomo Lähdesmäki, Thom Wernink and Per-Håkan Westin independent of significant shareholders. Helsinki, 11 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 [HUG#1393078]