Citycon Oyj                    Stock Exchange Release  26 May 2005 at 9:15
am

Citycon Oyj prepares a capital loan issue
Citycon Oyj is preparing a
capital loan issue of maximum EUR 75 million. Under
the preliminary terms and
conditions of the issue, the notes will have a maximum
maturity of five years.
The issuer will use the notes to strengthen its financial
structure and to
extend the average maturity profile of loan portfolio. The
coupon, the yield
and the amount of the notes will be determined at the end of
the subscription
period based on the investor bids. The issue will be launched in
the near
future, subject to market conditions.

The capital loan will be directed
primarily to Finnish institutional investors.
The investors can submit their
bids to Nordea Markets, Institutional Sales, tel.
+358 9 369 50880. The lead
manager and the bookrunner for this issue is Nordea.
An application will be
submitted for the listing of the issue on the Helsinki
Stock
Exchange.

Helsinki, 26 May 2005

Citycon Oyj
Board of Directors

For
more information, please contact:
Petri Olkinuora, CEO
tel. +358 9 6803 6738
or +358 400 333 256
petri.olkinuora@citycon.fi

Pirkko Salminen, CFO
tel.
+358 9 6803 6730 or +358 50 3022
485
pirkko.salminen@citycon.fi

Distribution:
Helsinki Stock Exchange
Main
media
www.citycon.fi