Citycon Oyj - Company Announcement

Cancellation of convertible bonds repurchased by Citycon registered in the Trade Register

CITYCON OYJ         Stock Exchange Announcement          21 September 2012 at
15.30 hrs 

The Board of Directors of Citycon Oyj has in its meeting of 7 September 2012
resolved to cancel 600 bonds, repurchased by the company on 20 July and 13
August 2012, from its subordinated convertible bonds issued on 2 August 2006 in
accordance with section 7 (g) of the terms and conditions of the convertible
bonds. Citycon announced the repurchases on said dates. 

Following the cancellation, the number of issued and outstanding bonds under
the convertible bonds amounts to 825 and the maximum number of Citycon shares
that can be subscribed for on the basis of such bonds amounts to 9,821,428. As
a result of the cancellation, the maximum increase of Citycon's share capital
on the basis of the convertible bonds decreased from EUR 22,901,784.75 to EUR
13,258,927.80. Above mentioned amendments to Citycon's convertible bonds were
registered in the Trade Register today, 21 September 2012. 

Due to the ongoing rights offering pursuant to the pre-emptive subscription
right of shareholders, Citycon's Board of Directors has on 7 September 2012
decided to adjust the conversion price of the convertible bonds from EUR 4.20
to EUR 4.05, provided that the rights offering is executed in full as described
in the terms and conditions of the rights offering. The new conversion price
will be effective as of 2 October 2012. Provided that the new conversion price
becomes effective, the total number of shares that can be subscribed for on the
basis of the convertible bonds is 10,185,185 and the maximum increase of
Citycon's share capital as a consequence of such subscriptions is EUR
13,749,999.75. 

Helsinki, 21 September 2012

CITYCON OYJ
Marcel Kokkeel
CEO

For further information, please contact:
Eero Sihvonen, Executive Vice President 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