CITYCON OYJ      STOCK EXCHANGE RELEASE  12 NOVEMBER AT 1.00 P.M.

Citycon
signed EUR 450 million syndicated credit facility

Citycon has signed an EUR
450 million syndicated unsecured credit facility
agreement today. The maturity
of the facility is 4.5 years. The facility is
intended to broaden Citycon's
financing base, to reduce cost of funding and to
secure financing of future
investments.  By the facility Citycon will refinance
the existing EUR 435
million secured syndicated loan facility and EUR 10 million
overdraft
facility.

The facility was arranged by Nordea (Coordinator), SEB Merchant
Banking,
Skandinaviska Enskilda Banken AB (publ) and Eurohypo AG. The other
participating
financial institutions were Danske Bank, OKO Bank, Swedbank and
Aktia Savings
Bank Plc.

Citycon Oyj
Board of Directors

For further
information please contact:
Petri Olkinuora, CEO, tel. +358 9 6803
6738
Pirkko Salminen, CFO, tel. +358 9 6803 6730

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Helsinki
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