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

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

From October 24 to November 30, 2006 a total of 240,300 YIT shares were subscribed for on the basis of the Series C share options, a total of 685,400 shares on the basis of the Series D share options and a total of 79,400 shares on the basis of the Series E share options. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 502,550, was entered in the Trade Register on December 7, 2006. Following the increase, YIT’s share capital is EUR 63,388,536 and the number of shares outstanding is 126,777,072. The nominal value of the share is EUR 0.5.

The new shares confer all shareholder rights as from the date of registration, December 7, 2006, 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 December 8, 2006.

The subscription period for shares with the Series C and Series D options ended

The Series C share options that YIT Corporation issued in 2002 were made available for trading on the Main List of Helsinki Stock Exchange as from April 1, 2004, the Series D share options as from April 1, 2005. With C and D share options the subscription periods ended on November 30, 2006.

A total of 450,000 Series C share options, a total of 950,000 Series D share options had been issued. Each Series C and D share option entitled its bearer to subscribe for four YIT Corporation shares having a nominal value of EUR 0.50. The subscription price with the Series C options was EUR 3.2725 per share and with the Series D options EUR 2.9225 per share.

When subscription periods began, a total of 427,740 Series C share options and a total of 698,520 Series D share options were held by YIT Group’s management and key employees. Altogether a total of 1,710,960 shares were subscribed for with the Series C share options and a total of 2,793,732 shares with the Series D share options.

Share subscriptions made on the basis of E share options

The Series E share options issued in 2004 were made available for trading on the Main List of Helsinki Stock Exchange as from April 3, 2006. The subscription period for shares with the Series E options continues from April 1 to November 30, 2007.

A total of 180,000 Series E share options have been issued. Each Series E share option entitles its bearer to subscribe for two YIT Corporation shares having a nominal value of EUR 0.50. The subscription price with the Series E options is EUR 6.80 per share.

When subscription periods began, a total of 167,400 Series E share options were held by YIT Group’s management and key employees. By November 30, 2006, a total of 178,880 shares have been subscribed for with the E share options. Hence, max. 155,920 shares can be subscribed for with the remaining Series E share options.

 The change in the nominal value of share (split) registered on March 24, 2006 has been taken into account in the figures presented in this Stock Exchange Announcement.

 YIT Corporation



 Veikko Myllyperkiö Vice President, Corporate Communications

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

Distribution: Helsinki Stock Exchange, principal media, www.yitgroup.com