INCREASE IN YIT?S SHARE CAPITAL AS A CONSEQUENCE OF SHARE SUBSCRIPTIONS WITH THE SERIES C AND THE ..

 INCREASE IN YIT’S SHARE CAPITAL AS A CONSEQUENCE OF SHARE SUBSCRIPTIONS WITH THE SERIES C AND THE SERIES D SHARE OPTIONS FROM 2002

From 1 April to 29 April, 2005 a total of 190,900 YIT shares were subscribed for on the basis of the Series C share options and a total of 189,806 shares on the basis of the Series D share options. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 380,706, was entered in the Trade Register on May 6, 2005. Following the increase, YIT’s share capital is EUR 61,673,560 and the number of shares outstanding is 61,673,560. The nominal value of the share is one euro.

The new shares confer all shareholder rights as from the date of registration, May 6, 2005, and they will be accepted for public trading on Helsinki Stock Exchange together with the existing shares. The objective is that trading in the shares will commence on May 9, 2005.

A total of 450,000 Series C share options and a total of 950,000 D share options have been issued. Each share option entitles its bearer to subscribe for two YIT Corporation shares (YTY1V). All in all, a maximum of 2,800,000 shares can be subscribed for with the share options. Accordingly, the share capital can be increased by a maximum of EUR 2,800,000. The subscription price with the Series C options is EUR 6.545 per share and with the Series D options EUR 5.845 per share.

The shares can be subscribed for annually during the period from April 1 - November 30. The subscription period for the Series C share options began on April 1, 2004, and for the Series D share options on April 1, 2005. Both subscription periods end on November 30, 2006.

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

By April 29, 2005, a total of 437,004 shares have been subscribed for with the 2002 Series C share options and a total of 189,806 with the Series D share options. Max. 462,996 shares can be subscribed for with the remaining Series C share options and max.
1,710,194 shares with the remaining Series D share options.

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

Share subscription  Entry into the     New shares deadline            Trade Register     listed 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

 Veikko Myllyperkiö

Vice President, Corporate Communications 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 Stock Exchange, principal media, www.yit.fi