Citycon Oyj - Company Announcement

Citycon Board will propose to the AGM to move to quarterly distribution and gives guidance on distribution level

CITYCON OYJ           Stock Exchange Release         28 October 2015 at 9.05 hrs

Following the global trend towards quarterly dividend payments, Citycon's Board
of Directors has decided that it will propose to the company's Annual General
Meeting 2016 that Citycon will move to quarterly distribution policy starting
in 2016. 

Citycon's Board of Directors has also restated Citycon's current dividend
distribution policy to pay out more than 50% of the result for the period
excluding fair value changes on property. However, it is targeted that the
distribution proposal to the Annual General Meeting 2016 for the financial year
1.1.-31.12.2015 would also include an equity repayment and would be at the
level of EUR 0.15 per share, payable in quarterly instalments, provided the
company's financial standing is permitting such distribution. 

Helsinki, 28 October 2015

CITYCON OYJ


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


Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager
of urban grocery-anchored shopping centres in the Nordic and Baltic regions,
managing assets that total close to EUR 5 billion and with market
capitalisation of approximately EUR 2 billion. For more information about
Citycon, please visit www.citycon.com