YIT SIGNS AGREEMENT WITH KALMAR MUNICIPALITY IN SWEDEN TO REACH INTERNATIONAL ENERGY ENVIRONMENTAL GOALS

YIT SIGNS AGREEMENT WITH KALMAR MUNICIPALITY IN SWEDEN TO REACH INTERNATIONAL ENERGY ENVIRONMENTAL GOALS

Kalmar Municipality in Sweden has signed an agreement with YIT Sverige AB in order to improve the energy efficiency of the municipality's real estate. The agreement aims to reduce energy costs and to improve the maintenance, and thus to achieve more energy-efficient operations. The municipality's goal is to reduce total energy use by 20% by 2013.

YIT will do a total review of the city's technology systems and quality assurance of a good climate for large parts of the real estate, to ensure that each building will be as energy and cost effective as possible. The agreement gives more than 20 full-time positions over two years.

- We are very proud to help Kalmar Municipality to achieve its ambitious energy goals. Through our energy service projects we release potential savings that will fund operations without causing cost increases to the municipality. The goal is for us to improve municipal buildings and to ensure the quality of indoor climate for many years to come, says Fredrik Sederholm, CEO of YIT Sverige AB.

YIT has extensive experience in energy efficiency services. Currently YIT has similar assignments with Västerbotten County Council, Mora Strand and Mora Municipality and Torsby Municipality.

For more information, please contact:
Anders Fagerkrantz, Head Energy & Environment, phone +46 8-705 32 00

YIT CORPORATION

Virva Salmivaara
Senior Vice President, Corporate Communications

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, Central Europe, Russia and the Baltic countries. In 2010, YIT's revenue was approximately EUR 3.8 billion. The Group has about 26,000 employees. YIT's shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com

Kalmar municipality has 62,000 inhabitants, of whom 35,000 live in urban areas. The city is about 6,000 companies as well as Sweden's newest university, Linnaeus University, which is a merger of the University of Kalmar and Växjö University.