CITYCON OYJ         Stock Exchange Release           11 March 2010 at 15.20
hrs

Resolutions of Citycon Oyj's Annual General Meeting

Citycon Oyj's Annual
General Meeting (AGM) took place in Helsinki, Finland,
today. The AGM adopted
the company's financial statements and discharged the
members of the Board of
Directors and the Chief Executive Officer from liability
for the financial year
2009. The AGM decided on a dividend of EUR 0.04 per share
for the financial
year 2009 and, in addition, on an equity return of EUR 0.10
per share from the
invested unrestricted equity fund. Record date for the
dividend payment and
equity return is 16 March 2010 and the dividend and equity
return will be paid
on 7 April 2010. In addition, the AGM approved the Board of
Directors' proposal
for the amendment of Article 11 of the Articles of
Association as well as
authorised the Board of Directors to decide on the
acquisition of the company's
own shares. As announced by the company earlier
today, the AGM did not discuss
the Board of Directors' proposal for share issue
authorisation, since the Board
of Directors withdrew its proposal before the
AGM.

Members of the Board of
Directors and their remuneration

The number of members of the Board of
Directors was resolved at nine and Ronen
Ashkenazi, Gideon Bolotowsky, Raimo
Korpinen, Tuomo Lähdesmäki, Claes Ottosson,
Dor J. Segal, Thomas W. Wernink,
Per-Håkan Westin and Ariella Zochovitzky were
re-elected to the Board for a
one-year term. The Directors' personal details are
available on the corporate
website at www.citycon.com/Board.

The AGM decided that the remuneration of the
members of the Board of Directors
remain unchanged and that the Chairman of the
Board of Directors be paid an
annual fee of EUR 160,000, the Deputy Chairman
EUR 60,000 and ordinary members
of the Board EUR 40,000. In addition, the AGM
decided that the Chairman of the
Board and the Chairmen of the Board's
committees be paid a meeting fee of EUR
700 and the ordinary Board and
committee members EUR 500 per meeting. It was
further decided that members of
the Board of Directors not residing in the
Helsinki Metropolitan Area be
compensated accrued travel and lodging expenses as
well as other potential
costs related to Board work.

Auditor

Ernst & Young Oy, a firm of authorised
public accountants, continues as the
auditor of the company with Authorised
Public Accountant Tuija Korpelainen
continuing as the chief auditor.

Amendment
of Article 11 of the Articles of Association

As proposed by the Board of
Directors, the AGM decided to amend the Article 11
of the company's Articles of
Association in respect of the publication of the
notice to a general meeting in
such a manner that the notice is published only
on the corporate website
(previously also in a newspaper) and in respect of the
time of the publication
in such a way that the notice is published at the
earliest two months and no
later than three weeks before the meeting, however,
at least nine days before
the record date of the meeting.

Authorising the Board of Directors to decide
on the acquisition of the company's
own shares

As proposed by the Board of
Directors, the AGM authorised the Board of Directors
to decide on the
acquisition of a maximum of 20,000,000 of the company's own
shares through
public trading on the NASDAQ OMX Helsinki Ltd at the market price
prevailing at
the time of the acquisition by using unrestricted equity. The
shares can be
acquired to improve the company's capital structure or to be used
in financing
or implementation of potential acquisitions or other corporate
transactions or
as part of the company's incentive plan. The company may hold,
convey or cancel
the shares for said purposes. The Board of Directors was
authorised to decide
on other terms and conditions related to the acquisition of
own shares. The
authorisation will be valid until the next Annual General
Meeting.

Helsinki,
11 March 2010

CITYCON OYJ
Petri Olkinuora
CEO

For further information, please
contact:
Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333
256
petri.olkinuora@citycon.fi

Distribution:
NASDAQ OMX Helsinki
Major
media
www.citycon.com


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