Citycon Group intends to issue a Eurobond

CITYCON OYJ   Stock Exchange Release   30 August 2016 at 10:15 hrs
NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART IN OR INTO OR TO ANY PERSON LOCATED IN OR RESIDENT IN THE UNITED
STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE
DISTRICT OF COLUMBIA (TOGETHER THE “UNITED STATES”), AUSTRALIA, CANADA OR JAPAN
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.

Citycon Group intends to issue a Euro denominated guaranteed bond in an amount
of up to EUR 350 million. The bond would be offered mainly to European,
including Nordic, institutional investors through a book building procedure and,
if issued, the expected maturity of the bond would be 10 years. The bond would
be issued by Citycon Treasury B.V. and guaranteed by Citycon Oyj. Citycon
Treasury B.V. would apply for the bond to be admitted to the Official List of
the Irish Stock Exchange and to trading on its regulated market.

The net proceeds from any potential bond issue would mainly be used to partially
repay and/or refinance Citycon Group’s existing indebtedness and, to a lesser
extent, for general corporate purposes, including the development of existing
properties, to acquire new properties or to increase its shareholdings in its
existing joint ventures.

Citycon Group has mandated Barclays, Danske Bank, Deutsche Bank and Nordea as
joint lead managers. Citycon Group will announce further information after the
placement of the bond.

Helsinki, 30 August 2016
CITYCON OYJ

For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 20 766 4521 or +358 40 154 6760
marcel.kokkeel@citycon.com

Eero Sihvonen, Executive Vice President and CFO
Tel. +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager
of urban grocery-anchored shopping centres in the Nordic and Baltic regions,
managing assets that total EUR 4.7 billion and with market capitalisation of
close to EUR 2 billion. For more information about Citycon, please visit
www.citycon.com

Important regulatory notice
This announcement does not constitute, or form part of, an offer or invitation
to sell or issue, or any solicitation of an offer to buy or subscribe for, any
securities in the United States or any other jurisdiction nor shall it (or any
part of this announcement) or the fact of its distribution form the basis of, or
be relied upon in connection with, or act as any inducement to enter into, any
contract or commitment.  Recipients of this announcement who intend to purchase
any securities are reminded that any such purchase or subscription must be made
solely on the basis of the information contained in any final form prospectus
published in connection with any such securities, which if and when published
will be available on the website of the Central Bank of Ireland.  The
transaction described above and the distribution of this announcement and other
information in connection with the transaction in certain jurisdictions may be
restricted by law and persons into whose possession any document or other
information referred to herein comes should inform themselves about and observe
any such restriction.  Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.

This communication is not an offer of securities for sale in the United States,
Australia, Canada, Japan or any other jurisdiction where to do so would be
unlawful.  Neither Citycon Oyj nor Citycon Treasury B.V. has registered, or
intends to register, securities in any of these jurisdictions or to conduct an
offer of securities for sale in any of these jurisdictions.  In particular, no
securities of Citycon Oyj or Citycon Treasury B.V. have been or will be
registered under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), and such securities may not be offered, sold or delivered within the
United States or to, or for the account or benefit of, U.S. persons (as defined
in Regulation S under the Securities Act) except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the
Securities Act and in compliance with any applicable state securities laws.

This announcement is directed only at (i) persons who are outside the United
Kingdom or (ii) to investment professionals falling within the definition of
“investment professionals” in Article 19 of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (iii)
high net worth companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons in (i), (ii) and (iii) above together being referred to as “relevant
persons”).