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

10 Mar 2023 18:00 CET

CITYCON OYJ    Stock Exchange Release    10 March 2023 at 19:00 hrs

Citycon Oyj ("Citycon" or the "Company") has received on 10 March 2023 the
following notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act following the change in Gazit Europe Netherlands B.V.
 direct holding of shares in Citycon.
The change in ownership is due to the completion of the sixth instalment of a
share transfer under a share purchase agreement, as notified in a previous
flagging notification published on 24 February 2023, entered into by Gazit
Europe Netherlands B.V. and its parent G City Ltd. on 22 February 2023. This
notification concerns the transfer of 3,000,000 shares in Citycon as the sixth
and last instalment under the share purchase agreement.
The completion of the share transfers under the share purchase agreement did not
affect the aggregate total direct and indirect holdings of G City Ltd. in
Citycon as the shares previously reported to be held by Gazit Europe Netherlands
B.V. through financial instruments were held by G City Ltd.
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 36,285,000 shares held by Gazit Europe Netherlands B.V., 51,274,016
shares held by G City Ltd. and 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 - 21.60
situation on the Netherlands - 30.52
date on B.V.: - 0.02
which threshold 21.60
was crossed or G City Ltd.
reached (parent of
Gazit
Europe
Netherlands
B.V.):
30.52
Additional
shares held by
Chaim Katzman:
0.02
Position of Gazit Europe 3.69 21.60
previous Netherlands - 30.52
notification B.V.: - 0.02
(if applicable) 17.91
G City Ltd.
(parent of
Gazit
Europe
Netherlands
B.V.):
30.52
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 36,285,000 - 21.60 -
FI4000369947 51,274,016 - 30.52 -
FI4000369947 35,771 - 0.02 .
SUBTOTAL A 87,594,787 52.14

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

SUBTOTAL B
-
-
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 21.60 21.60
Netherlands
BV
TOTAL 52.14 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

More information:
Access the news on Oslo Bors NewsWeb site