Citycon Oyj      Stock Exchange Release      13 June 2005 at 4.15
p.m.

Citycon Oyj to repay its capital loan 1/1999 prematurely
Citycon Oyj
has decided to repay its capital loan 1999 prematurely on 30 June
2005. The
loan will be repaid according to the terms and conditions of the loan.
Citycon
issued on 30 June 1999 a EUR 68 452 486 capital loan to
institutional
investors. The loan was originally due to mature on 30 June
2009. The note
holders of the loan will be informed of the prepayment through
an announcement in
Helsingin Sanomat on 15 June 2005.

The prepayment of the
loan will result according to a current estimate in a one
time cost of
approximately EUR 5.5 million that will be charged fully in the
second quarter
result. Citycon has today announced the issue of a new capital
loan. The
amount of the new loan is EUR 70 million and its maturity date is 17
June
2010. After taking into account the above mentioned one time cost the
net
savings in the financing expenses of Citycon will be approximately EUR
1.5
million over the next four years.

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
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www.citycon.fi