Published: 2004-12-30 11:45:00 CET
Citycon Oyj
Company Announcement
CITYCON BECAME SOLE OWNER OF THE COMMERCIAL PREMISES IN THE SHOPPING CENTRE
Citycon Oyj          Stock Exchange Release 30.12.2004 12:45 p.m.

CITYCON
BECAME SOLE OWNER OF THE COMMERCIAL PREMISES IN THE SHOPPING CENTRE
TORIKESKUS
IN SEINÄJOKI

Citycon Oyj, which specialises in commercial premises for the
retail trade, has
acquired 10.1 per cent of share capital of the company named
Kiinteistö Oy
Seinäjoen Kino. Kiinteistö Oy Seinäjoen Kino owns together with
Kiinteistö Oy
Larvalankatu 13 the commercial premises in the Torikeskus
Shopping Centre in
Seinäjoki. Citycon has hundred-percent ownership in both
companies after the
transaction. The purchase price was EUR 1.2
million.

The Torikeskus Shopping Centre is one of the leading shopping
centres in the
large market area of Southern Ostrobothnia. It is estimated
that 1.4 million
customers will be visiting the shopping centre in 2004 and
its total sales will
be roughly EUR 16.8 million.

Citycon acquired the
Torikeskus Shopping Centre in February 2004. The purchase
price was EUR 7.0
million. The net yield of the property on its purchase price at
the date of
the transaction was roughly 8.6 per cent.

Citycon owns a total of 16
shopping centres in the Helsinki Metropolitan Area and
other regional centres
in Finland.

In addition to shopping centres, Citycon also owns 130
supermarkets and shops.
The balance sheet value of the company's entire
property portfolio on 30
September 2004 was EUR 731.0 million, of which
shopping centres account for 58.9
per cent and supermarkets and shops for 41.1
per cent.

Citycon Oyj
Board of Directors

Further information:
CEO Petri
Olkinuora
Tel. +358 400 333 256

Head of Shopping Centre Division Kaisa
Vuorio
Tel. +358 500 667 227

www.citycon.fi

Distribution: Helsinki
Exchanges and main media