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

29 Jan 2025 10:40 CET

CITYCON OYJ     Stock Exchange Release     29 January 2025 at 11:40 hrs

Citycon Oyj ("Citycon" or the "Company") has received on 28 January 2025 the
following notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act according to which Phoenix Financial Ltd.'s holding of
shares in Citycon has increased over five (5) percent on 24 January 2025.

Phoenix Financial Ltd. is a holding company that principally deals, through
subsidiaries under its control, in various fields of capital markets and
finances, including insurance, pension and provident funds management, the
provision of brokerage services, management of mutual funds, management of
investment portfolios, issuance of exchange traded funds and ETFs.

Citycon has one series of shares in which each share carries one vote. The total
number of shares and votes is 184,231,295.

The holding of shares of Phoenix Financial Ltd. according to the notification:

+----------------+-----------+-----------------------------+---------+
| |% of shares|% of shares and voting rights|Total of |
| |and voting |through financial instruments|both in %|
| |rights |  | |
| |  | | |
+----------------+-----------+-----------------------------+---------+
|Resulting |5.15% |- |5.15% |
|situation on the| | | |
|date on | | | |
|which threshold | | | |
|was crossed or | | | |
|reached | | | |
+----------------+-----------+-----------------------------+---------+
|Position of |- |- |- |
|previous | | | |
|notification | | | |
|(if applicable) | | | |
+----------------+-----------+-----------------------------+---------+

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

+------------+-----------------+----------------+-----------------+-----------+
|A: Shares |
|and voting |
|rights |
+------------+-----------------+----------------+-----------------+-----------+
|Class/type |Number of shares and voting rights|% of shares and voting rights|
|of | | |
|shares | | |
| | | |
|ISIN code | | |
|(if | | |
|possible) | | |
+------------+-----------------+----------------+-----------------+-----------+
|Direct |Indirect |Direct |Indirect |
| | | | |
|(SMA 9:5) |(SMA 9:6 and 9:7)|(SMA 9:5) |(SMA 9:6 and 9:7)|
+------------+-----------------+----------------+-----------------+-----------+
|FI4000369947|9,491,330 |- |5.15% |- |
+------------+-----------------+----------------+-----------------+-----------+
|SUBTOTAL A |9,491,330 | |5.15% | |
+------------+-----------------+----------------+-----------------+-----------+

+----------+----------+----------+-----------+-----------------+-----------+
|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|
| |and voting |through financial instruments|of |
| |rights | |both |
+---------------------------+-----------+-----------------------------+-----+
|Phoenix Financial Ltd. |5.15% |- |5.15%|
|(total ownership) | | | |
+---------------------------+-----------+-----------------------------+-----+
|The Phoenix Insurance |0.38% |- |0.38%|
|Company Ltd. - "nostro" | | | |
|accounts | | | |
+---------------------------+-----------+-----------------------------+-----+
|Partnership for Israeli |4.78% |- |4.78%|
|shares - other people money| | | |
+---------------------------+-----------+-----------------------------+-----+

CITYCON OYJ

For further information, please contact:
Anni Torkko
Investor Relations Manager
Tel. +358 45358 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 predominantly in urban market in the Nordics.  The company 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 investment-grade credit rating from Standard & Poor's (BBB-).
Citycon Oyj's shares are listed on Nasdaq Helsinki.

www.citycon.com

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