Citycon increases liquidity and signs a EUR 50 million term loan

CITYCON OYJ   Stock Exchange Release   18 June 2010 at 16.00 hrs Citycon has today signed a EUR 50 million unsecured floating rate term loan facility with Skandinaviska Enskilda Banken AB (publ.). The loan will mature in five years and the credit margin is in line with the other two loans signed in May and in June. During the second quarter in 2010 Citycon's scheduled debt repayment totaled approximately EUR 79 million. At the same time, Citycon has signed new loan agreements for EUR 150 million in order to strengthen the company's available liquidity and provide means to finance future investments. The proceeds from the credit facility will be used to finance strategic investments such as shopping centre redevelopment projects and refinancing of maturing debt. Citycon's available committed debt facilities total EUR 222 million taking this new loan into account meaning that the company has sufficient liquidity to cover all authorised investments and debt maturities for at least the next 12 months. Helsinki, 18 June 2010 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Eero Sihvonen, Executive Vice President, CFO Tel +358 20 766 4459 or +358 50 557 9137 Distribution: NASDAQ OMX Helsinki Major media [HUG#1425339]