Citycon Oyj announces the results of its tender offer for certain NOK senior unsecured notes issued by Citycon Treasury B.V.

09 Dec 2024 17:15 CET

Citycon Oyj   Stock exchange release   9 December 2024 at 18:15 hrs

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING WITHOUT LIMITATION
PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE
NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF
COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED) (THE "SECURITIES ACT") OR IN ANY
JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN
PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW
(SEE "OFFER AND DISTRIBUTION RESTRICTIONS" IN THE TENDER INFORMATION DOCUMENT).

On 3 December 2024, Citycon Oyj ("Citycon") announced an offer to the holders of
its subsidiary's Citycon Treasury B.V.'s NOK 1.4bn 3.900% notes due September
2025 (of which NOK 1.3bn remained outstanding) (ISIN NO0010744139) and NOK 1.0bn
2.750% notes due September 2025 (of which NOK 1.0bn remained outstanding) (ISIN
NO0010805898) (the "Notes"), to tender any and all of their Notes for purchase
by Citycon for cash (the "Tender Offer"), subject to the terms and conditions
described in the tender information document dated 3 December 2024 (the "Tender
Information Document") including the New Financing Conditions.

Capitalised terms used in this announcement but not defined have the meanings
given to them in the Tender Information Document.

On 4 December 2024, Citycon Treasury B.V. priced its EUR 350 million 5.000%
Senior Unsecured Green Notes due 2030 (the "New Notes"). The New Notes are
expected to settle on 11 December 2024 and a portion of the net proceeds from
the New Notes will be used to fund the Tender Offer.

The Tender Offer expired at 14:00 CET on 9 December 2024 and Citycon today
announces that, subject to the satisfaction (or waiver) of the New Financing
Conditions, it will accept for purchase all Notes validly submitted for tender
in the aggregate principal amount as follows:

Description of the Notes / ISIN / Acceptance Amount / Outstanding Amount after
the Settlement Date

2015/2025 3.900% Notes / NO0010744139 / NOK 1,295,000,000 / NOK 5,000,000

2017/2025 2.750% Notes / NO0010805898 / NOK 962,000,000 / NOK 38,000,000

Settlement of the Tender Offer is expected to occur on or around 13 December
2024 (the "Settlement Date") and Citycon will also pay an amount equal to any
accrued and unpaid interest on the Notes on the Settlement Date in accordance
with the terms and conditions of the Notes.

The terms and conditions of the Notes will continue to be in effect for
noteholders who do not participate in the Tender Offer and/or whose Notes are
not accepted for repurchase by Citycon. The full terms and conditions of the
Tender Offer can be found in the Tender Information Document. The Offer has now
expired and no further Notes can be tendered for purchase pursuant to the Tender
Offer.

Sole Dealer Manager: Nordea Bank Abp, nordealiabilitymanagement@nordea.com

DISCLAIMER

This announcement must be read in conjunction with the Tender Information
Document. The distribution of this announcement and the Tender Information
Document in certain jurisdictions may be restricted by law. Persons into whose
possession this announcement and/or the Tender Information Document comes are
required by each of Citycon and the Sole Dealer Manager to inform themselves
about, and to observe, any such restrictions.

CITYCON OYJ

For further information, please contact:

Eero Sihvonen

CFO

Contact requests through:

Anni Torkko

Investor Relations Manager

Tel. +358 45 358 0570

anni.torkko@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 4.0 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 an investment-grade credit rating from Standard & Poor's (BBB-).
Citycon Oyj's shares are listed on Nasdaq Helsinki Ltd.

www.citycon.com

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