Citycon Oyj - Company Announcement

Citycon's Shopping Centre Acquisition in Tallinn finalised

CITYCON OYJ        Stock Exchange Release           2 May 2011 at 14:10 hrs

On 17 March 2011, Citycon announced the signing of an agreement to acquire
Kristiine shopping centre in Tallinn, Estonia for EUR 105 million. Closing and
payment of such transaction took place today. The transaction has been
described in greater detail in the company's stock exchange release issued on
17 March 2011. 

Citycon now owns and manages a total of 35 shopping centres and 46 other retail
properties in Finland, Sweden, Estonia and Lithuania. 

Helsinki, 2 May 2011


CITYCON OYJ
Marcel Kokkeel
CEO


For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 20 766 4521 or +358 40 154 6760
marcel.kokkeel@citycon.fi


Harri Holmström, Vice President, Baltic Operations
Tel. +358 207 664 418 or +358 40 845 5726
harri.holmstrom@citycon.fi


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