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

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

After the previous entry in the Trade Register on June 27, 2005 a total of 23,410 YIT shares were subscribed for on the basis of the Series C share options and a total of 107,766 shares on the basis of the Series D share options by August 12, 2005. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 131,176, was entered in the Trade Register on August 19, 2005. Following the increase, YIT’s share capital is EUR 62,130,274 and the number of shares outstanding is 62,130,274. The nominal value of the share is one euro.

The new shares confer all shareholder rights as from the date of registration, August 19, 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 August 22, 2005.

A total of 450,000 Series C share options and a total of 950,000 Series 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 August 12, 2005, a total of 563,214 shares have been subscribed for with the 2002 Series C share options and a total of 520,310 with the Series D share options. Max. 336,789 shares can be subscribed for with the remaining Series C share options and max.
1,379,690 shares with the remaining Series D share options.

The increases in the share capital on the basis of the subscriptions will be carried out as follows in 2005:

Share subscription        Entry into the Trade       New shares deadline                  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

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 Stock Exchange, principal media, www.yit.fi