HEX HELSINKI   CASH MARKET           RELEASE 318/2004
               OPTION
RIGHTS         31 August 2004


MERGING OF THE C OPTION RIGHTS OF CITYCON
OYJ

A total of 1 900 000 Citycon Oyj's 1999 C option rights,
attached to
the Citycon Oyj's warrant program, will be
traded on the Helsinki Exchanges
together with the listed
1999 A/B option rights as of 1 September
2004.

Identifiers of Citycon Oyj's 1999 A/B/C option right:


Trading
code:                          CTY1SEW199
ISIN code:                          
  FI0009611883
Number of warrants valid in trading:   5 500 000

HELSINKI
EXCHANGES
Janne Seppänen