Citycon Oyj                    Stock Exchange Release  6 June 2005 at 10.30
am

Citycon Oyj issues a capital loan
Citycon Oyj has decided to issue a
capital loan of maximum EUR 75 million and
with the notes having 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.

The Financial
Supervision Authority has approved the listing particulars related
to the
capital loan. The listing particulars will be available at Nordea
Markets,
Institutional Sales and on the internet pages www.citycon.fi as of 6
June 2005.
The listing particulars will be available only in the Finnish
language.

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 news media
www.citycon.fi