INVITATION TO YIT CORPORATION?S ANNUAL G

INVITATION TO YIT CORPORATION’S ANNUAL GENERAL MEETING

The shareholders of YIT Corporation are invited to attend the Annual General Meeting of Shareholders to be held on Thursday March 13, 2003 at 3 p.m. at the company’s headquarters, address Panuntie 11, 00620 Helsinki.

The following matters will be considered at the meeting:

1) The matters belonging to the Annual General Meeting as specified in the Articles of Association.
   2) Authorization of the Board of Directors to transfer the company’s own shares on the following terms and conditions: 2.1. The authorization shall apply to 567,500 own shares.
2.2. The Board of Directors will be authorized to decide on the party to whom the own shares will be transferred and on the procedure applying thereto. The Board of Directors can decide on the transfer of the company’s own shares otherwise than in the proportion to which a shareholder has a pre-emptive right to purchase the company’s own shares.
2.3. The shares will be transferred as consideration when the company acquires assets for its business activities and/or as consideration if acquisitions are made, this in the manner and to the extent decided by the Board of Directors. The shares can also be sold in public trading on the Helsinki Exchanges.
2.4. The shares will be transferred at least at their market value at the moment of transfer as defined in public trading on the Helsinki Exchanges.
2.5. This authorization shall be in force for one year from the resolution of the Annual General Meeting.

Copies of the documents relating to financial statements and the above mentioned Board of Directors’ proposal to the Annual General Meeting will be available for shareholders to see for a week before the meeting at the company’s headquarters, address Panuntie 11, 00620 Helsinki. Copies of the documents will be sent to shareholders at request

In order to participate in the Annual General Meeting, the shareholder must be registered as a shareholder in YIT Corporation in the shareholders’ register maintained by Finnish Central Securities Depository Ltd not later than March 3, 2003 or he should be entitled to participate in the Annual General Meeting in accordance with Chapter 3a, Section 4, paragraph 2 of the Companies Act.

A shareholder wishing to attend the Annual General Meeting must inform the company not later than March 10, 2003 during the office hours from Monday to Friday from 8 a.m. to 4 p.m. either by phone to Pirkko Pesonen +358 20 433 2453 or Liisa Nordberg +358 20 433 2257 or by e-mail pirkko.pesonen@yit.fi or liisa.nordberg@yit.fi or in writing to YIT Corporation, Marja Salo, P.O. Box 36, FIN- 00621 Helsinki. Possible proxies shall be delivered with the notification of attendance to the above mentioned address by the aforementioned date.

Helsinki, February 12, 2003

 YIT Corporation Board of Directors

 Payment of dividend The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.90 per share be paid. The dividend shall be paid to the shareholders who are registered as a shareholder in YIT Corporation in the shareholders’ register maintained by Finnish Central Securities Depository Ltd on March 18, 2003. The payment of dividend will begin March 25, 2003.

For additional information, please contact: Esko Mäkelä, Executive Vice President, tel. +358 20 433 2258, esko.makela@yit.fi

 YIT CORPORATION

 Veikko Myllyperkiö Vice President, Corporate Communications

 Distribution: Helsinki Exchanges, principal media, www.yit.fi