AMENDMENTS OF YIT?S ARTICLES OF ASSOCIATION RECORDED IN THE TRADE REGISTER

AMENDMENTS OF YIT’S ARTICLES OF ASSOCIATION RECORDED IN THE TRADE REGISTER

YIT Corporation’s Annual General Meeting, held on March 13, 2006, decided to amend Articles 1, 2, 3, 4 and 9 of the Articles of Association. The amendments were entered in the Trade Register today.

Finnish and Swedish business names are changed

A decision was made to amend Article 1 of the Articles of Association such that the company’s Finnish business name was changed to YIT Oyj and the Swedish parallel business name to YIT Abp. The English name, YIT Corporation, was kept unchanged.

Network services added to the company’s field of activity

A decision was made to amend Article 2 of the Articles of Association such that “network services” was added to the company’s field of activity.

Nominal value of the company’s share is divided by two

A decision was made to amend Article 3 of the Articles of Association to change the nominal value of the company’s share from one euro to 0.5 euro (split). Each share having a nominal value of one euro will be split into two shares having a nominal value of 0.5 euro each. The number of the company’s shares will double from 62,397,352 to 124,794,704 shares. The share capital will remain unchanged, that is, EUR 62,397,352.

The number of shares owned by each shareholder will double. The increase in the number of shares will be carried out in the bookentry system and shareholders are not required to take action. The newly doubled share amounts will be used on the Helsinki Stock Exchange as from March 27, 2006.

Composition of the Board of Directors and election of its members

A decision was made to amend Article 4 of the Articles of Association such that the Annual General Meeting shall elect the chairman and vice chairman of the Board of Directors and a minimum of three (3) and a maximum of five (5) Board members. A person who has reached the age of 68 years shall not be elected as a member of the Board of Directors.

A decision was made to amend Article 9 of the Articles of Association such that the chairman, vice chairman and members of the Board of Directors shall be elected at the Annual General Meeting.

 YIT Corporation’s Articles of Association can be read on the company’s Internet site.

 For additional information, contact:

Esko Mäkelä, Executive Vice President, tel. +358 20 433 2258, esko.makela@yit.fi Veikko Myllyperkiö, Vice President, Corporate Communications,  tel.+358 20 433 2297, veikko.myllyperkio@yit.fi

YIT CORPORATION



Veikko Myllyperkiö Vice President, Corporate Communications

 Distribution: Helsinki Stock Exchange, principal media, www.yit.fi