Citycon Oyj - Company Announcement

Citycon has continued the buybacks of its convertible capital bonds of 2006

CITYCON OYJ    Stock Exchange Release     20 July 2012 at 16:15 hrs

Citycon Oyj has repurchased its subordinated convertible capital bonds issued
on 2 August 2006 (the “Convertible Bonds”) for a repurchase price of 100% of
face value. The face value repurchased by the company amounted to EUR 9.0
million corresponding to 180 bonds with face value of EUR 50,000 corresponding
to approximately eight per cent of the aggregate amount of the Convertible
Bonds due 2013. The deal was executed on 20 July 2012. 

Including the buybacks Citycon has concluded earlier, the company has
repurchased a total principal amount of EUR 47.75 million of the Convertible
Bonds corresponding to approximately 43 per cent of the aggregate amount of the
Convertible Bonds. The principal amount of the Convertible Bonds listed on 22
August 2006 amounts to EUR 110 million and the Convertible Bonds carry an
interest at the rate of 4.50 per cent p.a. 

The repurchases of the bonds have been executed in the open market in
accordance with section 7 (f) of the terms and conditions of the Convertible
Bonds. In accordance with the terms and conditions of the Convertible Bonds the
company will cancel the repurchased bonds. 

Helsinki, 20 July 2012

CITYCON OYJ
Marcel Kokkeel
CEO


For further information, please contact:
Eero Sihvonen, Executive VP and CFO
Tel +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.fi


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