CITYCON OYJ          Stock Exchange Release        1 November 2005 at 3.10
p.m.

Citycon became sole owner of Sampokeskus shopping centre in Rovaniemi,
Finland

Citycon Oyj is expanding its shopping centre business operations in
Rovaniemi,
Finland, by acquiring from Kapiteeli Plc all the shares of the real
estate
company Kiinteistö Oy Lintulankulma on 1 November 2005. The real estate
company
owns roughly a 14 per cent share of the gross leasable floor area of
the
Sampokeskus shopping centre. The debt-free purchase price totalled EUR
2.1
million. Following this acquisition, Citycon will own Sampokeskus in
its
entirety. The net yield of this investment, inclusive of asset transfer
tax, was
8.1 per cent at the time of acquisition.

Rovaniemi, the capital
city of the Province of Lapland in Finland, is a lively
university town with
approximately 90,000 people in some 39,000 households in its
operating region.
The Sampokeskus shopping centre, located in the heart of
Rovaniemi, is the
most significant shopping centre in the area, visited by 3.3
million customers
in 2004, with sales totalling roughly EUR 19 million. The gross
leasable area
of the centre, focusing on retail sales of speciality goods, totals
13,465
square metres. This acquisition enhances Citycon's possibilities for
further
improvement of the shopping centre.

Citycon is a property investment company
specialising in shopping centres and
supermarkets and shops. On 30 September
2005, the fair market value of Citycon's
property portfolio totalled
approximately EUR 894.2 million, of which shopping
centres accounted for 66.9
per cent and supermarkets and shops for 33.1 per cent.

Helsinki, 1 November
2005

CITYCON OYJ

Petri Olkinuora
CEO


Further information:
CEO
Petri Olkinuora, tel.: +358 9 6803 6738 or
(mobile) +358 400
333256
petri.olkinuora@citycon.fi

Kaisa Vuorio, Head of Shopping Centres
Division
Mobile: +358 500 667
227
kaisa.vuorio@citycon.fi

Distribution:
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www.citycon.fi