EXCHANGE NOTICE 402/2004, 27 October 2004  SHARES

CITYCON OYJ: SHARES
SUBSCRIBED WITH OPTION RIGHTS

A total of 35 000 Citycon Oyj's shares have
been
subscribed with the 1999 A/B/C option rights of
Citycon Oyj. The shares
will be traded on the Helsinki
Stock Exchange as old shares as of 28 October
2004.

Identifiers of Citycon Oyj's share:

Trading code:                  
    CTY1S
ISIN code:                          FI0009002471
Orderbook id:     
                 24249
Number of shares:                   115 812
858


HELSINKI STOCK EXCHANGE
Janne Seppänen
Vice President Surveillance
Finland