Citycon Oyj (HEL:CTY1S) CITYCON OYJ Stock Exchange Announcement 20 August 2008 at 11.30 hrs

Citycon Oyj applies for listing of the C stock options under the company's stock option plan 2004 on the OMX Nordic Exchange Helsinki starting 1 September 2008.

The number of 2004 C options totals 1,300,000, of which 1,050,000 stock options have been granted to the personnel. The remaining 250,000 stock options are held by Veniamo-Invest Oy, a subsidiary of Citycon Oyj. Each stock option entitles its holder to subscribe for 1.2127 Citycon share. The maximum number of shares that may be subscribed for by exercising the C option rights held by the personnel totals 1,273,335. The present share subscription price of the C-options is EUR 4.3613 per share. Half of the annually distributed per-share dividends and/or equity returns shall be deducted from the share subscription price.

The share subscription period for C options will commence on 1 September 2008 and expire on 31 March 2011. The terms and conditions of the stock option plan 2004 are attached to this release.

Instructions for share subscriptions exercising 2004 option rights are available on the company's website www.citycon.com.

Helsinki, 20 August 2008

CITYCON OYJ Petri Olkinuora CEO

For further information, please contact: Petri Olkinuora, CEO, tel. +358 9 6803 6738 or mobile +358 400 333 256

Distribution: OMX Nordic Exchange Helsinki Media www.citycon.com

APPENDIX: Terms and conditions of Citycon Oyj's stock options 2004



LINK: http://hugin.info/3030/R/1244802/268552.pdf

Citycon Oyj

http://www.citycon.fi

ISIN: FI0009002471

Stock Identifier: XHEL.CTY

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