Citycon Oyj - Company Announcement

Citycon’s collaborative negotiations have ended and reorganization of business operations started

CITYCON OYJ               Stock Exchange Release	    30 January 2013 at 09:00
hrs 

Citycon Oyj's statutory collaborative negotiations in the Finnish Business Unit
concerning reorganization of business operations have been concluded. As a
result of the negotiations, Citycon will reduce a total of 10 employees from
its Finnish Business unit. It was estimated when the process started that a
maximum of 14 employees would possibly be reduced. 

A cluster organization model will be taken into use in all of Citycon's
operating countries. In the cluster organizational model shopping centres will
be combined to form entities which are led by commercial directors. The new
organizational model will be more efficient and it will bring decision-making
closer to the business. At the same time operational processes will be
streamlined and overlapping responsibilities will be removed. 

Helsinki, 30 January 2013

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


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