EXCHANGE NOTICE 38/2005, 3 February 2005  SHARES

CITYCON OYJ: SHARES
SUBSCRIBED OPTION RIGHTS

A total of 92 000 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 4 february
2005.

Identifiers of Citycon Oyj's share:

Trading code:                  
    CTY1S
ISIN code:                          FI0009002471
Orderbook id:     
                 24249
Number of shares:                   116 133
358


HELSINKI STOCK EXCHANGE
Janne Seppänen
Vice President Surveillance
Finland