Composition of YIT Corporation’s Shareholders Nomination Board

Composition of YIT Corporation’s Shareholders Nomination Board

YIT Corporation’s three largest shareholders according to Euroclear’s shareholder register on August 31, 2020 and according to the principles of the standing order have had the right to nominate representatives to the Nomination Board. According to the mentioned standing order, a shareholder group can agree on appointing a joint representative to the Nomination Board. The following two shareholder groups have agreed on appointing a joint representative: PNT Group Oy, Noora Forstén, Fideles Oy, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Kristian Pentti; and as the second one, Tercero Invest AB, Föreningen Konstsamfundet r.f. and Alexander Ehrnrooth.

YIT’s three largest shareholders, that are entitled to nominate a representative to YIT Corporation’s shareholder’s nomination board, are the above-mentioned shareholder groups and Varma Mutual Pension Insurance Company. The following persons have been nominated as their representatives in YIT’s Nomination Board:

- Juhani Mäkinen, Counsellor of Law, shareholder group  (14.90% of shares and votes) PNT Group Oy, Noora Forstén, Fideles Oy, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Kristian Pentti
- Alexander Ehrnrooth, CEO, shareholder group  (13.10% of shares and votes) Tercero Invest AB, Föreningen Konstsamfundet r.f. and Alexander Ehrnrooth
- Risto Murto, President and CEO, Varma Mutual Pension Insurance Company (7.55% of shares and votes)

Counsellor of Law Juhani Mäkinen was elected the Chairman of the Nomination Board. Harri-Pekka Kaukonen, the Chairman of YIT Corporation’s Board of Directors, participates in the Nomination Board’s work as an expert member.

The Nomination Board prepares the proposals concerning Board members and Board compensation for the following Annual General Meeting.

For further information, please contact:

Juha Jauhiainen, Corporate General Counsel, YIT Corporation, +358 40 725 9643, juha.jauhiainen@yit.fi

YIT Corporation

Tommi Järvenpää
Vice President, Investor Relations

Distribution: NASDAQ Helsinki, key media, www.yitgroup.com

YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com