English
Published: 2010-05-17 13:50:00 CEST
Citycon Oyj
Decisions of extraordinary general meeting
Decisions of Citycon Oyj's Extraordinary General Meeting
CITYCON OYJ            Stock Exchange Release              17 May 2010 at
14:50
hrs



Decisions of Citycon Oyj's Extraordinary General
Meeting



Citycon Oyj's Extraordinary General Meeting (EGM) took place in
Helsinki,
Finland, today. The EGM decided on the number of members of the Board
of
Directors at ten and elected Chaim Katzman to the Board for a term that
will
continue until the closing of the next Annual General Meeting. Further,
the EGM
approved the Board of Directors' proposal for the amendment of Article
4 of the
Articles of Association as well as the Nomination Committee's proposal
regarding
the annual remuneration of Deputy Chairmen of the Board of
Directors.



Chaim Katzman (born in 1949), who was elected to Citycon's Board
of Directors,
is the founder, controlling shareholder and Chairman of the Board
of Directors
of Gazit Inc., as well as Executive Chairman of the Board of
Directors of
Gazit-Globe Ltd., Gazit Inc.'s subsidiary and the main shareholder
of Citycon.
In addition, he serves as Chairman of the Board of Directors of
several listed
Gazit Group companies. Mr Katzman is an Israeli and American
citizen and holds a
university degree in law. He is independent of the company
but not of
significant shareholders. Mr Katzman's personal details are
available on the
corporate website at www.citycon.com/Board.



The EGM also
decided, as proposed by the Board of Directors, to amend the second
paragraph
of Article 4 of the company's Articles of Association in such a manner
that the
Board of Directors elects from among its members one or several Deputy
Chairmen
instead of one.



In addition, the EGM decided, as proposed by the Board of
Directors' Nomination
Committee, to amend the decision on the remuneration of
the members of the Board
of Directors made by the AGM on 11 March 2010 in
respect of the annual fee
payable to the Deputy Chairman in such a manner that
an annual fee of EUR
60,000 be paid to each one of one or several Deputy
Chairmen.



Minutes of the general meeting will be available on the corporate
website at
www.citycon.com/egm2010 as of 31 May 2010 at the
latest.



Helsinki, 17 May 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.fi



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