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APPOINTMENTS IN YIT GROUP'S MANAGEMENT

STOCK EXCHANGE RELEASE August 20, 2009 9:10

APPOINTMENTS IN YIT GROUP´S MANAGEMENT
APPOINTMENTS IN YIT GROUP´S MANAGEMENT
 APPOINTMENTS IN YIT GROUP'S MANAGEMENT                                          

Arne Malonaes to head the Building and Industrial Services segment

Arne Malonaes (52), M.Sc. (Eng.) has been appointed as President of the YIT Building and Industrial Services segment. Before this appointment, Malonaes has been President of YIT's Norwegian building system company, with responsibility for the development of the Group's building system services. Malonaes has been a member of the Group's Management Board since 2008. He has been employed by YIT since 2003.

Timo Lehtinen appointed Chief Financial Officer of YIT Group

Timo Lehtinen (45), M.Sc. (Econ.), has been appointed as Chief Financial Officer of YIT Group and member of the Group's Management Board. Lehtinen has worked at YIT since 2006 as Senior Vice President, Finance, with the responsibility for financial administration of both the Construction Services Finland and International Construction Services segments. Before joining YIT, Lehtinen served most recently as CFO of Affecto Plc and CFO of Saunalahti Group Oyj.

Both appointments become effective immediately.

The Group's Management Board consists of Juhani Pitkäkoski, President and CEO of YIT Corporation; Arne Malonaes, President of the Building and Industrial Services segment; Tero Kiviniemi, President of Construction Services Finland business segment; Kari Kauniskangas, President of International Construction Services business segment and Group's Executive Vice President; Pekka Frantti, Head of Industrial Services; Timo Lehtinen, CFO; Sakari Toikkanen, Senior Vice President, Business Development; and Antero Saarilahti, Senior Vice President, Administration, as the secretary.



For further information, please contact: Juhani Pitkäkoski, President and CEO, +358 20 433 3301, juhani.pitkakoski@yit.fi

Enclosed are the photographs of Arne Malonaes and Timo Lehtinen.



YIT CORPORATION

Virva Salmivaara Senior Vice President, Corporate Communications

Distribution: NASDAQ OMX, principal media, www.yitgroup.com