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 June 19 to August 11, 2006 a total of 38,728 YIT shares were subscribed for on the basis of the Series D share options issued in 2002. Share subscriptions were not made on the basis of the Series C and E share options. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 19,364, was entered in the Trade Register on August 18, 2006. Following the increase, YIT’s share capital is EUR 62,790,978 and the number of shares outstanding is 125,581,956. The nominal value of the share is EUR 0.5.

The new shares confer all shareholder rights as from the date of registration, August 18, 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 August 21, 2006.

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.

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

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 August 11, 2006, a total of 1,451,600 shares have been subscribed for with the Series C share options, a total of 1,940,896 with the Series D share options and a total of 95,960 with the Series E share options. Hence, max. 259,360 shares can be subscribed for with the remaining Series C share options, max.
853,184 shares with the remaining Series D share options and max.
238,840 shares with the remaining Series E share options.

In 2006, 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 Trade   New shares listed deadline              Register                April 24              April 28               May 2 June 16               June 22                June 26 August 11             August 18              August 21 October 23            October 30             October 31 November 30           December 7             December 8

 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.yit.fi