Published: 2005-04-06 08:00:00 CEST
Citycon Oyj
Company Announcement
Citycon's share capital reduction and amendment to the Articles of Association
CITYCON OYJ    STOCK EXCHANGE ANNOUNCEMENT   6 April 2005 at 9.00

Citycon's
share capital reduction and amendment to the Articles of Association

registered  

Decisions taken by Citycon's Annual General Meeting on 5
April 2005 on the
reduction of the company's share capital through
cancellation of own shares and
on the amendment to Articles 3 and 12 of the
Articles of Association were entered
in the Trade Register today.

Share
capital was reduced by EUR 5,229,900 from EUR 156,780,033.30 to
EUR
151,550,133.30 through cancellation without payment of 3,874,000 Citycon
shares
held by the company. The reduction of the share capital was executed
by
transferring the total nominal value of the cancelled shares to share
premium
fund with no effects on the restricted shareholders' equity. The
reduction of the
share capital had no effect on the distribution of
shareholdings and voting
rights in the company, since the cancelled shares
were held by the company.

Article 3 of the Articles of Association was
amended so that the maximum share
capital of the company is EUR 500,000,000
and Article 12 was amended so that the
notice to a general meeting shall be
submitted to the shareholders by means of an
advertisement published in at
least one nationwide newspaper appearing in
Helsinki. Attached Annex shows the
exact wording of the amendments. In other
respects, the Articles of
Association remain unchanged.

CITYCON OYJ

Petri
Olkinuora
CEO


Additional information: Petri Olkinuora, GSM +359 400 333
256


Distribution: Helsinki Stock Exchange and main media

ANNEX

New
wording of the Articles 3 and 12.1 of the Articles of Association:

Article
3: The minimum share capital of the company is one-hundred million euros
(EUR
100,000,000) and the maximum share capital is five-hundred million euros
(EUR
500,000,000), within which limits the share capital may be increased
or
reduced without amending the Articles of Association.

Article 12 Section
1: The notice to a general meeting shall be submitted to the
shareholders by
means of an advertisement published in at least one nationwide
newspaper
appearing in Helsinki.

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