Citycon Oyj - Company Announcement

Subscription timetable of Citycon shares with the 2004 B option rights in 2010

CITYCON OYJ  Stock Exchange Announcement  12 February 2010 at 12:15 hrs

Subscription timetable of Citycon shares with the 2004 B option rights in 2010

Share subscription period for exercising B options under Citycon's stock option
plan 2004 will expire on 31 March 2010. 2004 B options can be exercised for
share subscription in accordance with the following timetable in 2010:


 Subscription deadline Increase in the number of    Shares entered on the
                       shares registered on or      book-entry accounts on or
                       about                        about

 2 March 2010          15 March 2010                16 March 2010

 31 March 2010         26 April 2010                27 April 2010


Shareholder entitlements related to subscribed shares become effective once such
shares have been entered in the Trade Register. Shares subscribed by 2 March
2010 entitle their holders to a dividend and return of equity from invested
unrestricted equity fund for the year 2009 provided that the shares will have
been entered in the Trade Register on 15 March 2010 and that the AGM of 11 March
2010 will have approved the Board of Directors' proposal for the dividend
payment and equity return.

The current share subscription price of 2004 B options is EUR 2.5908. The share
subscription price shall be decreased by half of the decided per-share dividends
and equity returns on the record date for dividend payment and equity return. In
2010, such record date is 16 March 2010, which means that the share subscription
price of B options can still decrease before the end of the share subscription
period on 31 March 2010.

The maximum number of shares that can be further subscribed for exercising B
option rights under the 2004 stock option plan amounts to 965,285.

Instructions for the share subscription are available on the corporate website
at www.citycon.com/options.

Helsinki, 12 February 2010

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please contact:
Outi Raekivi, Head of Legal Affairs
Tel. +358 20 766 4453 or mobile +358 50 303 9393
outi.raekivi@citycon.fi

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


[HUG#1383975]