Citycon´s shares subscribed based on share options in December 2004 (FI)

A total of 92,000 new Citycon shares with a nominal value of €1.35 per share were subscribed in December, exercising the A/B/C stock options based on the company´s stock option plan 1999.

The corresponding share capital increase, €124,200 will be entered in the Trade Registry approximately on 3 February 2005. The new shares are estimated to be traded on the Helsinki Exchanges´ Main List together with the old shares as of 4 February 2005.

The 92,000 shares were subscribed at a per-share subscription price of €1.54. Each share entitles to one vote. The new shares entitle their holders to a dividend for the financial year 2004. Other shareholder entitlements will become effective as of the registration day of the share capital.

After the registration of the share capital increase the registered share capital of Citycon Oyj will be €156,780,033.30 and the total amount of shares will be 116,133,358.

The unexercised stock options based on Citycon´s stock option plan 1999 entitle their holders to subscribe 5,144,500 new shares, corresponding to a further capital increase of €6,945,075. The share subscription period will expire on 30 September 2007.

Source: Hugin

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