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 August 12 to October 23, 2006 a total of 19,060 YIT shares were subscribed for on the basis of the Series C share options, a total of 167,436 shares on the basis of the Series D share options issued in 2002 and a total of 3,520 shares on the basis of the Series E share options issued in 2004. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 95,008, was entered in the Trade Register on October 30, 2006.
Following the increase, YIT’s share capital is EUR 62,885,986 and the number of shares outstanding is 125,771,972. The nominal value of the share is EUR 0.5.

The new shares confer all shareholder rights as from the date of registration, October 30, 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 October 31, 2006.

In 2006, the share subscriptions must be made on November 30 at latest. The subscription period for shares with the Series C and Series D options ends altogether on November 30, 2006. It is intended that the increases in the share capital on the basis of the share subscriptions will be entered in the Trade Register on December 7. Trading in the new shares is intended to commence on December 8, 2006.

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

A total of 450,000 Series C share options, a total of 950,000 Series D share options and a total of 180,000 Series E share options have been issued. Each Series C and D share option entitles its bearer to subscribe for four and each Series E share option for two YIT Corporation shares having a nominal value of EUR 0.50. The subscription price with the Series C options is EUR 3.2725 per share, with the Series D options EUR 2.9225 per share and with the Series E options EUR 6.80 per share.

The shares can be subscribed for annually during the period from April 1 – November 30. The subscription period for shares with the Series C share options began in 2004, and with the Series D share options in 2005. With C and D share options the periods end in 2006. The subscription period for shares with the Series E share options is in 2006-2007.

When subscription periods began, a total of 427,740 Series C share options, a total of 698,520 Series D share options and a total of 167,400 Series E share options were held by YIT Group’s management and key employees. By October 23, 2006, a total of 1,470,660 shares have been subscribed for with the Series C share options, a total of 2,108,332 with the Series D share options and a total of 99,480 with the Series E share options. Hence, max. 240,300 shares can be subscribed for with the remaining Series C share options, max. 685,748 shares with the remaining Series D share options and max. 235,320 shares 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