Citycon Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

24 Feb 2023 18:25 CET

CITYCON OYJ   Stock Exchange Release   24 February 2023 at 19:25 hrs

Citycon Oyj ("Citycon" or the "Company") has received on 24 February 2023 the
following notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act according to which Gazit Europe Netherlands B.V.  direct
holding of shares in Citycon will increase above twenty (20) percent.
The change in ownership will be due to a share purchase agreement entered into
by Gazit Europe Netherlands B.V. and its parent G City Ltd. on 22 February 2023,
according to which Gazit Europe Netherlands B.V. will purchase a total of
19,000,000 shares in Citycon from G City Ltd. The purchases will be executed in
instalments over approximately the following two weeks. Entering into, or future
completion of, the share purchase agreement will not affect the aggregate total
direct and indirect holdings of G City Ltd. in Citycon.
The parent of Gazit Europe Netherlands B.V., G City Ltd., is controlled by
Norstar Holdings Inc, which is ultimately controlled by Chaim Katzman. In
addition to 17,285,000 shares held by Gazit Europe Netherlands B.V., the
19,000,000 shares to be transferred based on the share purchase agreement and
51,274,016 shares held by G City Ltd., 35,771 shares held by Chaim Katzman have
been taken into account in this notification.
Citycon has one series of shares in which each share carries one vote. The total
number of shares and votes is 168,008,940.
The holding of shares of Gazit Europe Netherlands B.V and G City Ltd (parent of
Gazit Europe Netherlands B.V.) according to the notification:

% of shares and % of shares and voting rights Total of
voting rights through financial instruments both in %

Resulting Gazit Europe 11.31 21.60
situation on the Netherlands - 30.52
date on B.V.: - 0.02
which threshold 10.29
was crossed or G City Ltd.
reached (parent of
Gazit
Europe
Netherlands
B.V.):
39.92
Additional
shares held by
Chaim Katzman:
0.02
Position of Gazit Europe - 10.29
previous Netherlands - 41.83
notification B.V.: - 0.02
(if applicable) 10.29

G City Ltd.
(parent of
Gazit
Europe
Netherlands
B.V.):
41.83

Additional
shares held by
Chaim Katzman:
0.02

Notified details of the resulting situation following the crossing of the
threshold:

A: Shares and
voting rights
Class/type of Number of % of shares and voting rights
sharesISIN shares and
code (if voting
possible) rights
Direct(SMA Indirect(SMA Direct(SMA 9:5) Indirect(SMA 9:6 and 9:7)
9:5) 9:6 and 9:7)
FI4000369947 17,285,000 - 10.29 -
FI4000369947 51,274,016 - 30.52 -
FI4000369947 35,771 - 0.02 .
SUBTOTAL A 68,594,787 40.83

B: Financial
Instruments
according to
SMA 9:6a
Type of
Expiration
Exercise/
Physical
Number of %
of shares
financial
date
Conversion
or
shares
and voting
instrument
Period
cash
and voting
rights

settlement
rights
Share -
- Ph
ysical
19,000,000
11.31
purchase
settlement
agreement
leading to
change in
ownership

SUBTOTAL B
19,000,000
11.31
The
controlled
undertakings
through which
the shares,
voting rights
and financial
instruments
are
effectively
held:
Name % of shares % of shares and voting rights Total of both
and voting through financial instruments
rights
Chaim Katzman 0.02 0.02
Norstar
Holdings Inc
G City Ltd. 30.52 30.52
Gazit Europe 10.29 11.31 21.60
Netherlands
BV
TOTAL 40.83 11.31 52.14

CITYCON OYJ

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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