YIT TO BUILD MORE THAN 200 STUDENT FLATS FOR KOAS IN FINLAND

YIT TO BUILD MORE THAN 200 STUDENT FLATS FOR KOAS IN FINLAND

YIT and KOAS (Central Finland Student Housing Foundation) have today signed a contract for the construction of 219 student flats in central Jyväskylä, Finland. The value of the contract is approximately EUR 20 million. The construction of KOAS Kotiraide will commence immediately and the scheduled completion is by the end of November 2013. This contract is a further step towards the Ratapiha project that YIT implemented for KOAS. The 209 student flats built in the project have been in use since October 2010.

Further information:
Mikko Räty, Regional Director, Building Construction, YIT Construction Services Finland, tel. +358 400 837 402, mikko.raty@yit.fi
Matti Tanskanen, Managing Director, KOAS, tel. +358 50 545 0010, matti.tanskanen@koas.fi

YIT CORPORATION

Virva Salmivaara
Senior Vice President, Corporate Communications

YIT celebrates its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries - in the Nordic countries, Central Europe, Russia and the Baltic countries. We have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2011, YIT's revenue was approximately EUR 4.4 billion. YIT's shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com