Citycon Oyj - Decisions of extraordinary general meeting

Decisions of Citycon Oyj's Extraordinary General Meeting

CITYCON OYJ            Stock Exchange Release              17 May 2010 at 14:50
hrs



Decisions of Citycon Oyj's Extraordinary General Meeting



Citycon Oyj's Extraordinary General Meeting (EGM) took place in Helsinki,
Finland, today. The EGM decided on the number of members of the Board of
Directors at ten and elected Chaim Katzman to the Board for a term that will
continue until the closing of the next Annual General Meeting. Further, the EGM
approved the Board of Directors' proposal for the amendment of Article 4 of the
Articles of Association as well as the Nomination Committee's proposal regarding
the annual remuneration of Deputy Chairmen of the Board of Directors.



Chaim Katzman (born in 1949), who was elected to Citycon's Board of Directors,
is the founder, controlling shareholder and Chairman of the Board of Directors
of Gazit Inc., as well as Executive Chairman of the Board of Directors of
Gazit-Globe Ltd., Gazit Inc.'s subsidiary and the main shareholder of Citycon.
In addition, he serves as Chairman of the Board of Directors of several listed
Gazit Group companies. Mr Katzman is an Israeli and American citizen and holds a
university degree in law. He is independent of the company but not of
significant shareholders. Mr Katzman's personal details are available on the
corporate website at www.citycon.com/Board.



The EGM also decided, as proposed by the Board of Directors, to amend the second
paragraph of Article 4 of the company's Articles of Association in such a manner
that the Board of Directors elects from among its members one or several Deputy
Chairmen instead of one.



In addition, the EGM decided, as proposed by the Board of Directors' Nomination
Committee, to amend the decision on the remuneration of the members of the Board
of Directors made by the AGM on 11 March 2010 in respect of the annual fee
payable to the Deputy Chairman in such a manner that an annual fee of EUR
60,000 be paid to each one of one or several Deputy Chairmen.



Minutes of the general meeting will be available on the corporate website at
www.citycon.com/egm2010 as of 31 May 2010 at the latest.



Helsinki, 17 May 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.fi



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