Citycon Oyj   Stock Exchange Release 11 July 2004 at 3.15 p.m.

CITYCON WILL
DISPOSE ITS OWN SHARES IN PUBLIC TRADING ON THE 
HELSINKI EXCHANGES

The
Board of Directors of Citycon Oyj has resolved on 11 August 
2004 that the
company will dispose all 3,874,000 of its own shares 
currently held by the
company on the basis of authorization given 
by the Annual General Meeting on
15 March 2004. Shares will be 
disposed through several transactions in public
trading on the 
Helsinki Exchanges at the market price quoted at the time of

disposal, as provided by the regulations on public trading of own 
shares.
The nominal value of Citycon's share is EUR 1.35. The 
reason for disposing
Citycon's own shares is being prepared for 
possible future real estate
acquisitions. The trading will not be 
initiated until a week has elapsed from
the public announcement of 
this resolution at the earliest 19 August
2004.

Helsinki, 11 August 2004

CITYCON OYJ
Board of Directors

Further
information: CEO Petri Olkinuora, Tel. +358 400 333 256

Distribution:
Helsinki Exchanges and main media

www.citycon.fi