Citycon Oyj - Changes board/management/auditors

Johan Elfstadius Appointed Citycon's Head of Swedish Operations and Member of the Corporate Management Committee

CITYCON OYJ     Stock Exchange Release      29 July 2011 at 14.00 hrs

Johan Elfstadius (b. 1973) has been appointed Citycon Oyj's Vice President,
Swedish Operations and member of the Corporate Management Committee. Mr.
Elfstadius is Swedish citizen and has M.Phil. degree in Land Economy and B.Sc.
degree in Constructional Engineering and Finance. He is expected to take up his
position on 1 December 2011. Ulf Attebrant, Vice President of Citycon's Swedish
Operations will continue as VP of Swedish Operations until then. 

Johan Elfstadius will join Citycon from the position of Managing Director at CB
Richard Ellis AB. Prior to that he held the position of Managing Director at
Colliers International AB. Both CB Richard Ellis and Colliers International are
major players in real estate advisory services. Further, Mr. Elfstadius has
several years of experience from working as an Associate Director at Jones Lang
LaSalle AB, meaning that he has over ten years' experience in real estate
business altogether. 

“Citycon welcomes Johan as an experienced and well-known professional in the
Swedish property market. Johan will be able to manage Citycon Sweden to the
next level in accordance with Citycon's ambition to become the leading player
in the shopping centre industry in the Nordic and Baltic countries”, says
Marcel Kokkeel, Citycon's CEO. 

Helsinki, 29 July 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

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