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 31 August 2022 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 shareholders have agreed on appointing a joint representative: PNT Group Oy, Noora Pentti, Fideles Oy, Eva Pentti-Kortman, Kristian Pentti and Kristina Pentti-von Walzel.

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

• Alexander Ehrnrooth, CEO, Tercero Invest AB, 17.38% of shares and votes

• Juhani Mäkinen, Counsellor of Law, the shareholder group PNT Group Oy, Noora Pentti, Fideles Oy, Eva Pentti-Kortman, Kristian Pentti and Kristina Pentti-von Walzel, 14.59% of shares and votes

• Risto Murto, President and CEO, Varma Mutual Pension Insurance Company, 5.66% 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 General Meeting.

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

YIT Corporation

Tuomas Mäkipeska
CFO

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 5,500 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.7 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com