Citycon Oyj - Company Announcement

Citycon Oyj to issue EUR 50 million domestic bond

CITYCON OYJ Stock Exchange Release 30 November 2009 at 19.00 hrs

The Board of Directors of Citycon Oyj has on 30 November 2009
resolved to issue a domestic unsecured bond up to a maximum amount of
EUR 50,000,000 (the "Bond"). The Bond is offered for subscription in
an offering mainly to Finnish retail investors and selected
international investors. The issued aggregate principal amount of the
Bond is expected to be confirmed on or about 14 December 2009.

The Bond will be issued in the form of book-entry notes in the OM
system of Euroclear Finland Ltd. The notes are issued in principal
amounts of EUR 1,000 and redeemed at 100 per cent of their principal
amount. The minimum subscription amount of the notes is EUR 5,000 and
the subscription period of the notes is expected to commence on or
about 3 December 2009 following the approval of the Offering Note by
the Finnish Financial Supervisory Authority and to end on 11 December
2009. The Offering Note containing the terms and conditions of the
Bond and other information on the Bond, is expected to be available
on 3 December 2009 following the approval of the Finnish Financial
Supervisory Authority. The maturity of the Bond is from 16 December
2009 through 16 December 2014, unless previously redeemed or
repurchased from the secondary market. The interest rate for the Bond
is 5.10 per cent, payable annually on 16 December until maturity.

The company will apply for the listing of the Bond on the Official
List of NASDAQ OMX Helsinki Ltd. Public trading in the notes is
expected to commence on or about 16 December 2009.

The net proceeds of the offering received by Citycon are intended to
be used to finance redevelopment projects and potential acquisitions
in accordance with the company's investment strategy.

The lead manager of the issue is Nordea Bank Finland Plc.

Helsinki, 30 November 2009

CITYCON OYJ
The Board of Directors

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

Eero Sihvonen, CFO, Executive Vice President
Tel. +358 20 766 4459 or mobile +358 50 557 9137
eero.sihvonen@citycon.fi

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

THESE MATERIALS ARE NOT AN OFFER FOR SALE OF THE BONDS IN THE UNITED
STATES OR IN ANY OTHER JURISDICTION. THE BONDS MAY NOT BE SOLD IN THE
UNITED STATES WITHOUT REGISTRATION OR AN EXEMPTION FROM REGISTRATION
UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. CITYCON OYJ DOES
NOT INTEND TO REGISTER ANY PORTION OF SUCH OFFERING IN THE UNITED
STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED
STATES.