Notice of the Annual General Meeting of Citycon Oyj

21 Feb 2023 11:00 CET

Citycon Oyj   Stock Exchange Release   21 February 2023 at 12:00 hrs

The Annual General Meeting (the "General Meeting") of Citycon Oyj (the
"Company") will be held on Tuesday, 21 March 2023 at 12:00 noon (EET). The
General Meeting will be held without a meeting venue using remote connection in
real time, in accordance with Section 11 of the Articles of Association of the
Company and Chapter 5, Section 16 Subsection 3 of the Finnish Limited Liability
Companies Act. Instructions for participation are provided in section C of this
notice.

The Company's shareholders may also exercise their voting rights by voting in
advance. Instructions for advance voting are provided in section C of this
notice.

A. Matters on the Agenda of the General Meeting

At the General Meeting, the following matters will be considered:
1. Opening of the Meeting
2. Calling the Meeting to Order
3. Election of Persons to Scrutinize the Minutes and to Supervise the Counting
of Votes
4. Recording the Legality of the Meeting
5. Recording the Attendance and Adopting the List of Votes
6. Presentation of the Financial Statements, the Report of the Board of
Directors and the Auditor's Report for the Year 2022
Review by the CEO and CFO.
The Company's Financial Statements, the report of the Board of Directors and the
Auditor's report are available on the Company's website citycon.com/agm2023.
7. Adoption of the Financial Statements
8. Resolution on the Use of the Profit Shown on the Balance Sheet as well as
Authorization of the Board of Directors to Decide on the Distribution of Assets
from the Invested Unrestricted Equity Fund
The Board of Directors proposes that based on the balance sheet to be adopted
for the financial period ended on 31 December 2022, no dividend is distributed
by a resolution of the General Meeting.
Nonetheless, the Board of Directors proposes that the Board of Directors be
authorized to decide, in its discretion, on the distribution of assets from the
invested unrestricted equity fund in the manner set forth below.
Based on this authorization, the maximum total amount of equity repayment
distributed from the invested unrestricted equity fund shall not exceed EUR 0.50
per share. Based on the current total number of issued shares in the Company,
the authorization would equal to a maximum of EUR 84,004,470 in equity
repayment.
The authorization is valid until the opening of the next Annual General Meeting.
Unless the Board of Directors decides otherwise for a justified reason, the
authorization will be used to distribute equity repayment four times during the
period of validity of the authorization. The Board of Directors will make
separate resolutions on each distribution of equity repayment so that the
preliminary record and payment dates for the equity repayment will be as set out
below. The Company shall make separate announcements of each such Board
resolution.

Preliminary payment date Preliminary record date
31 March 2023 24 March 2023
30 June 2023 23 June 2023
29 September 2023 22 September 2023
29 December 2023 20 December 2023

The equity repayment based on the resolution of the Board of Directors will be
paid to a shareholder registered in the Company's shareholders' register
maintained by Euroclear Finland Oy on the record date of the equity repayment.
9. Resolution on the Discharge of the Members of the Board of Directors and the
CEO from Liability
10. Remuneration Report
The Board of Directors proposes that the Remuneration Report of the Company's
governing bodies for 2022 be approved. The resolution is advisory in accordance
with the Finnish Limited Liability Companies Act.
The Remuneration Report is available on the Company's website
citycon.com/agm2023.
11. Resolution on the Remuneration of the Members of the Board of Directors
The Board of Directors proposes on the recommendation of the Nomination and
Remuneration Committee that the remuneration of members of the Board of
Directors would remain the same and the Chairman of the Board of Directors be
paid an annual fee of EUR 160,000, the Deputy Chairmen EUR 70,000 and the
ordinary members of the Board EUR 50,000. The Chairmen of the Board of
Directors' Committees would be paid an additional annual fee of EUR 5,000.
It is proposed that the Chairmen of the meetings of the Board's Committees shall
be paid a meeting fee of EUR 800 and other Board and Committee members EUR 600
per meeting, with the exception of the Chairman of the Board, who shall be paid
no meeting fees and the CEO, who shall be paid no annual or meeting fees for his
Board of Directors' position.
The members of the Board of Directors shall be compensated for accrued travel
and lodging expenses as well as other potential costs related to Board and
Committee work.
12. Resolution on the Number of Members of the Board of Directors
The Board of Directors proposes on the recommendation of the Nomination and
Remuneration Committee that the number of members of the Board of Directors
shall be eight (8).
13. Election of the Members of the Board of Directors
The Board of Directors proposes on the recommendation of the Nomination and
Remuneration Committee that current members of the Board of Directors Chaim
Katzman, Yehuda (Judah) L. Angster, F. Scott Ball, Zvi Gordon, Alexandre (Sandy)
Koifman, David Lukes, Per-Anders Ovin and Ljudmila Popova be re-elected.
The members of the Board of Directors will be elected for a term that will
continue until the close of the next Annual General Meeting.
All candidates have given their consent to the election. All candidates of the
Board of Directors, with the exception of F. Scott Ball, are independent of the
company. All candidates, with the exception of Chaim Katzman and Zvi Gordon, are
independent of the Company's significant shareholders.
All candidates for the Board of Directors have been presented on the Company's
website at citycon.com/agm2023.
14. Resolution on the Remuneration of the Auditor
The Board of Directors proposes on the recommendation of the Audit and
Governance Committee that the audit fee be paid in accordance with the auditor's
invoice approved by the Company.
15. Election of the Auditor
On the recommendation of the Audit and Governance Committee, the Board of
Directors proposes that the Company's present auditor Ernst & Young Oy, a firm
of authorized public accountants, be re-elected as the auditor. Ernst & Young Oy
has announced that APA Antti Suominen would act as the auditor with principal
responsibility.
16. Authorizing the Board of Directors to Decide on the Issuance of Shares as
well as the Issuance of Special Rights Entitling to Shares
The Board of Directors proposes that the Board of Directors be authorized to
decide on the issuance of shares as well as the issuance of special rights
entitling to shares referred to in Chapter 10 Section 1 of the Finnish Limited
Liability Companies Act by one or several decisions in the manner described
below.
The number of shares to be issued shall not exceed 16 million shares, which
would correspond to approximately 9.52 percent of all registered shares in the
Company. Shares potentially issued by virtue of the special rights entitling to
shares are included in the aforesaid maximum number of shares.
The Board of Directors decides on all the conditions of the issuance of shares
and special rights entitling to shares. The authorization concerns both the
issuance of new shares as well as the transfer of own shares held by the
Company. The issuance of shares and special rights entitling to shares may be
carried out in deviation from the shareholders' pre-emptive right by way of a
directed issue.
The authorization is valid until the close of the next Annual General Meeting,
however, no longer than 30 June 2024, and it revokes all earlier share issue
authorizations as well as authorizations to issue special rights entitling to
shares.
17. Authorizing the Board of Directors to Decide on the Repurchase and/or on the
Acceptance as Pledge of the Company's Own Shares
The Board of Directors proposes that the Board of Directors be authorized to
decide on the repurchase and/or on the acceptance as pledge of the Company's own
shares in one or several tranches as follows.
The number of own shares to be repurchased and/or accepted as pledge shall not
exceed 30 million shares, which would correspond to approximately 17.86 percent
of all registered shares in the Company. Only the unrestricted equity of the
Company can be used to repurchase own shares on the basis of the authorization.
Own shares can be repurchased at a price formed in public trading on the date of
the repurchase or otherwise at a market-based price.
Share repurchases remain a potential capital distribution method, along with
other investments, for the Company to distribute capital to enhance value for
all shareholders.
The Board of Directors decides on how own shares will be repurchased and/or
accepted as pledge. Own shares can be repurchased for instance by using
derivatives. Own shares can be repurchased otherwise than in proportion to the
shareholdings of the shareholders (directed repurchase).
The authorization is valid until the close of next Annual General Meeting,
however, no longer than until 30 June 2024, and it revokes all earlier
authorizations to repurchase and/or accept as pledge the Company's owns shares.
18. Closing of the Meeting
B. Documents of the General Meeting
Citycon Oyj's Financial Statements, the Report of the Board of Directors, the
Auditor's Report, the Remuneration Report, the proposals for the decisions on
the agenda of the General Meeting, and this notice will be available on the
Company's website at citycon.com/agm2023 on 21 February 2023. Copies of these
documents and this notice will be sent to shareholders upon request.
Minutes of the General Meeting will be available on the aforementioned website
as of 4 April 2023 at the latest.
C. Instructions for the Participants in the General Meeting
1. Shareholder registered in the shareholders' register
Each shareholder, who is registered in the Company's register of shareholders'
register maintained by Euroclear Finland Oy on the record date of the General
Meeting, 9 March 2023, has the right to participate in the General Meeting. A
shareholder, whose shares are registered on his/her personal Finnish book-entry
account, is registered in the Company's shareholders' register.
Registration for the General Meeting will begin on 27 February 2023 at 9:00 a.m.
(EET). A shareholder who is registered in the Company's shareholders' register
and who wishes to participate in the General Meeting, must register for the
General Meeting by giving a prior notice of participation no later than 14 March
2023 at 4:00 p.m. (EET), by which time the notice of participation must be
received. The registration can be done in the following ways:

a. electronically by utilizing Euroclear's electronic general meeting service
accessible at citycon.com/agm2023. Registering requires strong electronic
identification with a bank ID or mobile certificate for natural persons and
business ID and the book-entry account number for legal persons. If the
shareholders that are legal persons use the electronic Suomi.fi e-authorization,
registration requires a strong electronic authentication of the authorized
person by using a bank ID or mobile certificate.
b. by email to yhtiokokous@euroclear.eu or by regular mail to Euroclear Finland
Oy, Yhtiökokous/Citycon Oyj, P.O. Box 1110, FI-00101 Helsinki.

In connection with the registration, a shareholder or a proxy representative is
required to provide the requested personal information. The personal data given
to the Company by shareholders and proxy representatives is only used in
connection with the General Meeting and with the processing of related necessary
registrations.
2. Proxy Representative and Powers of Attorney
A shareholder may participate in the General Meeting and exercise his/her rights
at the meeting by way of proxy representation. A proxy representative may also
choose to vote in advance in the manner described in this notice.
A proxy representative must produce a dated proxy document or otherwise, in a
reliable manner, demonstrate his/her right to represent the shareholder at the
General Meeting. If a shareholder participates in the General Meeting by means
of several proxy representatives representing the shareholder with shares in
different book-entry accounts, the shares, by which each proxy representative
represents the shareholder, shall be identified in connection with the
registration for the General Meeting.
Proxy documents and advance voting forms should be delivered to Euroclear
Finland Oy by mail to Euroclear Finland Oy, Yhtiökokous/Citycon Oyj, P.O Box
1110, FI-00101 Helsinki or by email to yhtiokokous@euroclear.eu before the last
date for registration and advance voting, by which time the documents must be
received.
If a shareholder delivers a proxy to the Company in accordance with the
applicable instructions before the expiry of the registration and advance voting
period, this constitutes due registration for the General Meeting, provided that
all required information is included in the proxy documents.
Shareholders that are legal persons can also use the electronic Suomi.fi
authorization service instead of the traditional proxy in Euroclear Finland Oy's
general meeting service. In this case, the shareholder that is legal person
authorizes an assignee nominated by it in the Suomi.fi service at suomi.fi/e
-authorizations using the authorization topic "Representation at the General
Meeting". The assignee must identify himself/herself with strong electronic
authentication in Euroclear Finland Oy's general meeting service when
registering, after which the electronic mandate is automatically checked. The
strong electronic authentication works with personal bank IDs or a mobile
certificate. More information on suomi.fi/e-authorizations.
Further information will also be available on the Company's website at
citycon.com/agm2023.
3. Holder of Nominee Registered Shares
A holder of nominee registered shares has the right to participate in the
General Meeting by virtue of such shares, based on which the holder of nominee
registered shares on the record date of the General Meeting, i.e. on 9 March
2023, would be entitled to be registered in the Company's shareholders' register
maintained by Euroclear Finland Oy. In addition, the right to participate in the
General Meeting requires that the shareholder has, on the basis of such shares,
been temporarily registered in the shareholders' register maintained by
Euroclear Finland Oy based on these shares at the latest by 16 March 2023 at
10:00 a.m. (EET). As regards nominee registered shares, this constitutes due
registration for the General Meeting.
A holder of nominee registered shares is advised to request, in good time, the
necessary instructions regarding the temporary registration in the Company's
shareholders' register, the issuing of proxy documents and voting instructions,
registration for the General Meeting as well as advance voting from his/her
custodian bank. The account management organization of the custodian bank shall
register a holder of nominee registered shares, who wants to participate in the
General Meeting, to be temporarily entered in the Company's shareholders'
register at the latest by the time stated above and see to the voting in advance
on behalf of a holder of nominee registered shares before the due date for the
registration. Further information on these matters can also be found on the
Company's website at citycon.com/agm2023.
A holder of nominee-registered shares who has registered for the General Meeting
may also participate in the meeting in real time using telecommunication
connection and technical means. In addition to the temporary registration in the
Company's shareholders' register, the real-time participation in the meeting
requires the submission of the shareholder's e-mail address and telephone number
and, if necessary, a proxy document and other documents necessary to prove the
right of representation to yhtiokokous@euroclear.eu before the end of the
registration period for the holders of nominee registered shares, so that the
shareholders can be sent a participation link, username and password to
participate in the meeting.
4. Participation Instructions
Shareholders who have the right to participate in the General Meeting will
participate and exercise their power of decision in full in real time during the
meeting using telecommunication connection and technical means.
A remote connection to the General Meeting will be arranged via the online
general meeting service provided by Euroclear Finland Oy, which includes a video
and audio connection to the General Meeting. Participating in the remote meeting
does not require paid software or downloads. In addition to an internet
connection, participation requires a computer, smartphone or tablet with
speakers or headphones for sound reproduction and a microphone for asking
questions or addresses. To participate, it is recommended to use the latest
versions of the most common browser programs in use.
The participation link, username and password for remote participation will be
sent by e-mail to the e-mail address provided during registration after the
expiry of the registration period and approximately two hours before the
meeting. It is recommended to test the network connection and log into the
meeting system in good time before the start of the meeting.
Further information regarding the general meeting service, additional
instructions for proxies representing several shareholders, contact details of
the service provider and instructions in case of potential disruptions in the
functioning of the service will be available on the Company's website at
citycon.com/agm2023 no later than 27 February 2023. Shareholders are recommended
to familiarize themselves with the detailed instructions prior to the start of
the General Meeting.
5. Voting in Advance
Shareholders with a Finnish book-entry account may vote in advance on certain
agenda items of the General Meeting during the period from 27 February 2023 at
9:00 a.m. (EET) until 14 March 2023 at 4:00 p.m. (EET).
Advance voting can be done in the following ways:

a. electronically by utilizing Euroclear's electronic general meeting service
accessible at citycon.com/agm2023. Voting in advance electronically requires
strong electronic identification with a bank ID or mobile certificate for
natural persons and business ID and the book-entry account number for legal
persons.
b. by sending the advance voting form available on the Company's website or
corresponding information to Euroclear Finland Oy by email to
yhtiokokous@euroclear.eu or by regular mail to Euroclear Finland Oy,
Yhtiökokous/Citycon Oyj, P.O. Box 1110, FI-00101 Helsinki.

The advance voting form and instructions relating to the advance voting will be
available on the Company's website at citycon.com/agm2023 no later than on 27
February 2023 at 9:00 a.m. (EET).
If a shareholder participates in the General Meeting by voting in advance in
accordance with the applicable instructions before the expiry of the
registration and advance voting period, this constitutes due registration for
the General Meeting, provided that all information required for registration and
advance voting is duly provided. No other notification of participation is
required for the General Meeting.
A shareholder who has voted in advance cannot request information under the
Finnish Limited Liability Companies Act or request a vote at the General Meeting
if they or their proxy representative is not present at the General Meeting
using telecommunications and technical means.
With regards to holders of nominee registered shares, the advance voting is
performed via the account management organization. The account management
organization may vote in advance on behalf of the holders of nominee registered
shares it represents, in accordance with the voting instructions provided by
them, during the advance voting period for holders of nominee registered shares.
An agenda item subject to advance voting, is considered to have been presented
unchanged to the General Meeting. Conditions related to the electronic advance
voting and other related instructions are available on the Company's website at
citycon.com/agm2023.
6. Other Instructions and Information
Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies
Act, a shareholder who is present at the General Meeting via the remote
connection has the right to request information with respect to the matters to
be considered at the meeting.
Changes in shareholding after the record date do not affect the right to
participate in the General Meeting nor the number of voting rights.
On the date of publication of this notice, 21 February 2023, Citycon Oyj has
168,008,940 shares and votes.
CITYCON OYJ
The Board of Directors
For further information, please contact:
Sakari Järvelä
Vice President, Corporate Finance and Investor Relations
Tel. +358 50 387 8180
sakari.jarvela@citycon.com
Citycon is a leading owner, manager and developer of mixed-use real estate
featuring modern, necessity-based retail with residential, office and municipal
service spaces that enhance the communities in which they operate. Citycon is
committed to sustainable property management in the Nordic region with assets
that total approximately EUR 4.3 billion. Our centres are located in urban hubs
in the heart of vibrant communities with direct connections to public transport
and anchored by grocery, healthcare and other services that cater to the
everyday needs of customers.
Citycon has investment-grade credit ratings from Moody's (Baa3) and Standard &
Poor's (BBB-). Citycon's shares are listed on Nasdaq Helsinki Ltd.
www.citycon.com

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