ARBITRAL AWARD IN THE CONTRACT DISPUTE BETWEEN YIT AND NESTE OIL: NO MATERIAL IMPACT ON YIT CORPORATION'S RESULT

ARBITRAL AWARD IN THE CONTRACT DISPUTE BETWEEN YIT AND NESTE OIL: NO MATERIAL    IMPACT ON YIT CORPORATION'S RESULT                                              

The court of arbitration has issued its award in the dispute between YIT         Industrial and Network Services and Neste Oil Corporation on September 30, 2009.
The dispute concerned the mechanical installation contract of production line 4  at Neste Oil's Porvoo oil refinery carried out by YIT between 2004 and 2006. The award does not have material impact on YIT Corporation's result.                

The court of arbitration ordered Neste Oil to compensate YIT with EUR 8.7        million on contracting works and YIT to compensate Neste Oil with EUR 7.4        million on postponement and other compensation. In addition, the court of        arbitration confirmed EUR 3.3 million of undisputed items to YIT.               

Neste Oil initiated the arbitration proceedings concerning the dispute that      arose in the final financial settlement for the mechanical installation works on production line 4 in April 2008. Neste Oil's claims against YIT Industrial and   Network Services amounted to a total of approximately EUR 107 million and they   comprised compensation for lost production and damages based on the postponing   of the completion of YIT's contract. YIT contested Neste Oil's claims and        presented claims of approximately EUR 25 million against Neste Oil. The          principle bases of these claims were the work performed under the contract and   the additional costs that arose from the prolongation of the contract.          

YIT published stock exchange releases concerning the matter on April 1, 2008 and September 1, 2008.                                                              

 For further information, please contact:                                         Pekka Frantti, President, YIT Industrial and Network Services, tel. +358 50 390  0932                                                                            



YIT CORPORATION                                                                 

 Virva Salmivaara                                                                 Senior Vice President, Corporate Communications                                 



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