YIT RECEIVES PERMITS FOR PUTTING INTO OPERATION THE FIRST LOGISTIC CENTER IN GORELOVO INDUSTRIAL PARK

 YIT RECEIVES PERMITS FOR PUTTING INTO OPERATION THE FIRST LOGISTIC CENTER IN     GORELOVO INDUSTRIAL PARK                                                        

YIT has received from the local authorities of Leningrad Region (Oblast) the     official permits for putting into operation of the “Gorigo logistic center” in   Gorelovo industrial park near to Pulkovo, the international airport of St.       Petersburg. By the end of 2008 YIT will sell the logistic center to “GORIGO”     company, owned by Evli Property Investment's real estate fund. It has been       agreed by YIT and Evli that the total amount of the transaction of the logistic  center and the office center at Primorsky prospect, St. Petersburg, will be      approximately EUR 100 million.                                                                                                                                    “Gorigo logistic center” is occupying about 19 hectares of land. The center      consists of two large logistics buildings with total areas of  about 91,000      sq.m. Office space is about  5,000 sq.m. “Gorigo Logistic center” is one of the  largest and highest class logistic centers in the South-Western region of        Russia.                                                                         

Gorelovo Industrial park is located on a 96 hectares land plot. YIT has          purchased the land plot in the autumn 2006. In the beginning of 2007 YIT has     started to develop the territory into a modern industrial park. YIT has under    construction also a new meat products plant and logistics centre for Atria in    Gorelovo.                                                                       

 YIT Corporation                                                                 

Juha Kostiainen                                                                  Senior Vice President,                                                           Corporate Communications and Business Development                               

For additional information, contact:                                             Mr. Peter Forssell, Real Estate Development Director, ZAO YIT Lentek, phone +358 40 532 2273, peter.forssell@yit.ru                                               Mr. Petteri Nurminen, Managing Director, Evli Property Investments Oy, phone     +358 9 476 690, petteri.nurminen@evli.com                                       

YIT is a successful European service company in building systems, construction   services and services for industry. We build, develop and maintain quality       living environments in Nordic countries, Russia, Baltic countries and Central    Europe. In 2007, YIT's revenue amounted to EUR 3.7 billion. The Group employes   about 27,000 people. YIT's share is listed on OMX Nordic Exchange Helsinki.      www.yitgroup.com                                                                

Evli Bank Plc is an independent investment bank whose clients are entrepreneurs, corporate executives and investment professionals. Evli's primary market is the  Baltic Sea region. The company operates in Finland, Sweden, the Baltic           countries, and Russia. Evli also has offices in Luxembourg and through its joint venture Nordic Partners, Inc. in New York. Evli Group's equity capital totals    EUR 60.9 million and the BIS capital adequacy ratio stood at 13.8% on 30 June    2008. Evli Group employs approximately 360 people.                              

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