YIT AND STATOIL MADE FRAME AGREEMENT ON MAINTENANCE OF OFFICE BUILDINGS IN NORWAY

 YIT AND STATOIL MADE FRAME AGREEMENT ON MAINTENANCE OF OFFICE BUILDINGS IN       NORWAY                                                                          

YIT has entered into a frame agreement with Statoil for the delivery of services within operation and maintenance of Statoil's office buildings in Norway. The    agreement includes more than 400,000 square metres of building area. The         agreement is valid for 3 years with an option for one additional year. The       agreement includes deliveries within ventilation, piping and electrical work, as well as outdoor spaces and building maintenance.                                

The operation and maintenance agreement with YIT shall contribute to reach       Statoil's main vision for tomorrow's modern arenas for cooperation. Statoil's    office buildings shall promote efficiency, well-being and good health. At the    same time the buildings shall promote sustainable development through energy     efficient and environmental solutions with a competitive cost level.            

YIT has extensive experience with operation and maintenance of building's and    its technical installations. YIT has service as a main strategy in Building and  Industrial Services.                                                            

- The agreement is of considerable strategically importance for both YIT in      Norway and internationally, says President of YIT AS in Norway, Trygve B.        Thøgersen.                                                                       - In 2009 Statoil awarded YIT in Norway a contract for handling and operation of ICT equipment to the value of approx. EUR 60 million. This new agreement is      considerably larger, and therefore we perceive the new agreement as a            confirmation of the quality of our previous work for Statoil, says Thøgersen.   

 For further information, please contact:                                         President YIT AS, Trygve B. Thøgersen, mob. phone: +47 993 21973                

 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 Norway's leading supplier of fully integrated building technology. The    main emphasis of the deliveries is on indoor climate, electro, automation,       energy-saving, piping, ICT, audiovisual solutions and security. We also provide  comprehensive services within facility management and maintenance of buildings   and technical installations. The company has revenue of over EUR 400 million,    3,200 employees, and more than 60 offices across Norway.