Published: 2005-02-03 08:00:04 CET
Citycon Oyj
Company Announcement
Citycon Oyj Stock Exchange Release 3 February 2005 at 9:00 a.m.
Citycon Oyj   Stock Exchange Release 3 February 2005 at 9:00
a.m.


Citycon's share capital increase based on stock options

A total of
92,000 new Citycon shares with a nominal value of EUR 1.35 per share
were
subscribed in December exercising the A/B/C options based on the
company's
stock option plan 1999. The corresponding share capital increase,
EUR 124,200 was
entered in the Trade register today. The new shares will be
traded on the
Helsinki Exchanges' Main list together with the old shares as of
4 February 2005.


The 92,000 shares were subscribed at a per-share
subscription price of EUR 1.54.
Each share entitles to one vote. The new
shares entitle their holders to a
dividend for the financial year 2004. Other
shareholder entitlements became
effective today.

After the increase the
registered share capital of Citycon Oyj is EUR
156,780,033.30 and the total
amount of shares is 116,133,358.

Helsinki, 3 February 2005

CITYCON
OYJ

Petri Olkinuora
CEO

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