Citycon Oyj - Decisions of general meeting

Resolutions of Citycon Oyj's Annual General Meeting

CITYCON OYJ         Stock Exchange Release           11 March 2010 at 15.20 hrs

Resolutions of Citycon Oyj's Annual General Meeting

Citycon Oyj's Annual General Meeting (AGM) took place in Helsinki, Finland,
today. The AGM adopted the company's financial statements and discharged the
members of the Board of Directors and the Chief Executive Officer from liability
for the financial year 2009. The AGM decided on a dividend of EUR 0.04 per share
for the financial year 2009 and, in addition, on an equity return of EUR 0.10
per share from the invested unrestricted equity fund. Record date for the
dividend payment and equity return is 16 March 2010 and the dividend and equity
return will be paid on 7 April 2010. In addition, the AGM approved the Board of
Directors' proposal for the amendment of Article 11 of the Articles of
Association as well as authorised the Board of Directors to decide on the
acquisition of the company's own shares. As announced by the company earlier
today, the AGM did not discuss the Board of Directors' proposal for share issue
authorisation, since the Board of Directors withdrew its proposal before the
AGM.

Members of the Board of Directors and their remuneration

The number of members of the Board of Directors was resolved at nine and Ronen
Ashkenazi, Gideon Bolotowsky, Raimo Korpinen, Tuomo Lähdesmäki, Claes Ottosson,
Dor J. Segal, Thomas W. Wernink, Per-Håkan Westin and Ariella Zochovitzky were
re-elected to the Board for a one-year term. The Directors' personal details are
available on the corporate website at www.citycon.com/Board.

The AGM decided that the remuneration of the members of the Board of Directors
remain unchanged and that the Chairman of the Board of Directors be paid an
annual fee of EUR 160,000, the Deputy Chairman EUR 60,000 and ordinary members
of the Board EUR 40,000. In addition, the AGM decided that the Chairman of the
Board and the Chairmen of the Board's committees be paid a meeting fee of EUR
700 and the ordinary Board and committee members EUR 500 per meeting. It was
further decided that members of the Board of Directors not residing in the
Helsinki Metropolitan Area be compensated accrued travel and lodging expenses as
well as other potential costs related to Board work.

Auditor

Ernst & Young Oy, a firm of authorised public accountants, continues as the
auditor of the company with Authorised Public Accountant Tuija Korpelainen
continuing as the chief auditor.

Amendment of Article 11 of the Articles of Association

As proposed by the Board of Directors, the AGM decided to amend the Article 11
of the company's Articles of Association in respect of the publication of the
notice to a general meeting in such a manner that the notice is published only
on the corporate website (previously also in a newspaper) and in respect of the
time of the publication in such a way that the notice is published at the
earliest two months and no later than three weeks before the meeting, however,
at least nine days before the record date of the meeting.

Authorising the Board of Directors to decide on the acquisition of the company's
own shares

As proposed by the Board of Directors, the AGM authorised the Board of Directors
to decide on the acquisition of a maximum of 20,000,000 of the company's own
shares through public trading on the NASDAQ OMX Helsinki Ltd at the market price
prevailing at the time of the acquisition by using unrestricted equity. The
shares can be acquired to improve the company's capital structure or to be used
in financing or implementation of potential acquisitions or other corporate
transactions or as part of the company's incentive plan. The company may hold,
convey or cancel the shares for said purposes. The Board of Directors was
authorised to decide on other terms and conditions related to the acquisition of
own shares. The authorisation will be valid until the next Annual General
Meeting.

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


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