LARGE ORDER FOR YIT WHEN LKAB INCREASES THE MINING ACTIVITY IN KIRUNA

 LARGE ORDER FOR YIT WHEN LKAB INCREASES THE MINING ACTIVITY IN KIRUNA           

YIT received a contracting order of over EUR 7 million (SEK 71 million) when     LKAB invests around EUR 1.2 billion (SEK 12 billion) in a new mine level. The    contracting work consists of pump and pipe installations in pumping stations,    pipe installations in basins and in bore holes including mounting of valves in   and out of the holes. The project will be realized between May 2010 and July     2011 and the production start for the new mine level is planned for autumn 2011.
About 20 persons from YIT will work with this project in two shifts and 7 days a week.                                                                           

- Our customer LKAB is about to invest in a new mine level in order to increase  its yearly delivery of ore. We are very glad and proud to have been entrusted to realize this contracting project. This kind of project attracts a lot of         competitors in Sweden as well as internationally, says Andreas Lundqvist, region manager north, YIT Sweden.                                                      

A challenge in the project is that the work is being performed 1,000 metres      underground. The project involves specific type of installation, by its size and shape of installations, which increases the importance of planning and product   choices.                                                                        

Many of the parts and tools used in this installation are special parts          manufactured in YIT´s own workshop in Finland. This workshop has a capacity to   handle bigger materials and larger pipe dimensions. This is also where products  from other suppliers are adapted and where special forging parts, used to attach installations on, for example, the rock walls and roofs are produced.           

YIT was the contracting partner when one of the world's biggest underground      mines, KP90 in Kiruna, was constructed, with very good results. It has been used as a reference site for LKAB and is one of the reasons YIT has been entrusted    this new contract with LKAB.                                                    

- Within YIT we have a very good experience and the competence needed for these  kinds of projects. We also have a high experience working with LKAB. They know   us very well thanks to our local position in Kiruna and they have confidence in  the work we deliver, says Lundqvist.                                            

 For more information, please contact:                                            Andreas Lundqvist, region manager north, YIT Sweden, Phone: +46 70 222 00 66    

 YIT CORPORATION                                                                 

 Virva Salmivaara                                                                 Senior Vice President, Corporate Communications                                 



Distribution: principal media, www.yitgroup.com                                 

 YIT is a leading European service company in building systems, construction      services and services for industry. We build, develop and maintain quality       living environments in the Nordic countries, Russia, the Baltic countries and    Central Europe. In 2009, YIT's revenue was EUR 3.5 billion. The Group has        approximately 23,500 employees. YIT's share is listed on NASDAQ OMX Helsinki.   

YIT is the leading company in Sweden within installation services. The service   chain spans over the entire life-cycle of an investment in all our business      segments, from design to implementation, operation, maintenance and facilities   management. More than 4,000 expert employees at 90 cities across Sweden,         provides you with the resources required by even the most complex of             installation projects.