INCREASE IN YIT?S SHARE CAPITAL AS A CONSEQUENCE OF SHARE

Through the exercise of the 2002 Series C share options, after the previous entry in the Trade Register on August 23, 2004, a total of 114,134 YIT Corporation shares have been subscribed for by November 30, 2004. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 114,134, was entered in the Trade Register on December 9, 2004.

Following the increase, YIT’s share capital is EUR 61,292,854 and the number of shares outstanding is 61,292,854. The nominal value of the share is one euro.

The new shares confer all shareholder rights as from the date of registration, December 9, 2004, and they will be accepted for public trading on Helsinki Exchanges together with the existing shares. The objective is that trading in the shares will commence on December 10, 2004.

A total of 450,000 Series C share options have been issued. Each Series C share option entitles its bearer to subscribe for two YIT Corporation shares. All in all, a maximum of 900,000 shares can be subscribed for with the Series C share options. Accordingly, the share capital can be increased by a maximum of EUR 900,000.

By November 30, 2004, a total of 246,104 shares have been subscribed for with the 2002 Series C share options. Max. 653,896 shares can be subscribed for with the remaining Series C share options.

The subscription period is stepwise as follows:

April 1 - November 30, 2004 April 1 - November 30, 2005 April 1 - November 30, 2006

Subscriptions will be accepted at Nordea Bank Finland plc’s investment advisory branches.

It is intended that the increases in the share capital on the basis of the subscriptions will be carried out in 2005 as follows:

Share subscription    Entry into the Trade   New shares listed deadline              Register April 30              May 6                  May 9 June 15               June 27                June 28 August 12             August 19              August 22 November 30           December 5             December 7

                                                              YIT Corporation

 Jaakko Mäkynen Vice President, Finance

 For additional information, contact: Jaakko Mäkynen, Vice President, Finance, tel. +358 20 433 2307, jaakko.makynen@yit.fi Marja Salo, Director of Administration, tel. +358 20 433 2470, marja.salo@yit.fi

Distribution: Helsinki Exchanges, principal media, www.yit.fi