INVITATION TO YIT CORPORATION'S ANNUAL GENERAL MEETING

 INVITATION TO YIT CORPORATION'S ANNUAL GENERAL MEETING                          

The shareholders of YIT Corporation are invited to attend the Annual General     Meeting to be held on Wednesday, March 10, 2010, starting at 1:00 p.m. (Finnish  time) in Finlandia Hall, Conference Wing, Hall A, located at the address:        Mannerheimintie 13, Helsinki (entrance through doors M1 and K1).                

A. Matters to be considered at the meeting                                      

The following items are to be considered at the meeting:                        

1. Opening of the meeting                                                       

2. Election of the chair and secretary for the meeting                          

3. Election of persons to check the minutes and control the counting of the      votes                                                                           

4. Approval of the voting list                                                  

5. Establishment of the validity of the meeting                                 

6. Review by the President and CEO, presentation of the financial statements for 2009, the report of the Board of Directors, the consolidated financial           statements and the auditor's report                                             

Presentation of the review by the President and CEO                             

7. Adoption of the financial statements and the consolidated financial           statements                                                                      

8. Decision on measures warranted by the profit shown in the balance sheet       adopted                                                                         

The Board of Directors proposes to the Annual General Meeting that it decide on  the payment of a dividend of EUR 0.40 per share and that the rest of the profit  be carried forward to distributable equity. No dividend will be paid for the     treasury shares.                                                                

Further the Board of Directors proposes that the Annual General Meeting grants   the Board the authority to donate the sum of no more than EUR 500,000 to support activities of colleges and universities and, in the same context, that the Board of Directors be authorised to decide the schedule of payments and any other      terms and conditions governing the donations.                                   

9. Decision on the record date and payment date for dividends                   

The right to a dividend rests with a shareholder who, by the record date of      March 15, 2010, has been entered as a shareholder in the company's shareholder   register that is maintained by Euroclear Finland Ltd. The Board of Directors     proposes that the dividend be paid on April 7, 2010.                            

10. Discharge of the members of the Board of Directors and the president from    liability                                                                       

11. Approval of the number of members of the Board of Directors                 

The Board's Nomination and Rewards Committee proposes that a Chairman, a Vice    Chairman and five ordinary members be elected to the Board of Directors.        

12. Decision on the fees for the chairman, vice chairman and members of the      Board of Directors                                                              

The Board's Nomination and Rewards Committee proposes that the Board of          Director's meeting fees be kept unchanged, i.e. that the following fees be paid  to the Board of Directors: Chairman EUR 6,000/month (EUR 72,000/year), Vice      Chairman EUR 4,500/month (EUR 54,000/year), member EUR 3,500/month (EUR          42,000/year) and a meeting fee of EUR 500 per meeting. In addition, it is        proposed that similarly EUR 500 be paid to the members of the committees of the  Board of Directors for each committee meeting. Per diems are proposed to be paid for trips in Finland and abroad in accordance with the State's travelling        compensation regulations.                                                       

13. Decision on the fee to be paid to the auditor                               

The Board's Audit Committee proposes that the auditor's fees will be paid        against their invoices approved by the company.                                 

14. Election of the chairman, vice chairman and members of the Board of          Directors                                                                       

The Board's Nomination and Rewards Committee proposes that Henrik Ehrnrooth be   elected as the Chairman of the Board of Directors, Reino Hanhinen as Vice        Chairman, and Kim Gran, Eino Halonen, Antti Herlin, Satu Huber and Lauri Ratia   as members of the Board of Directors. All candidates have consented to being     elected. The candidates are members of the company's Board of Directors and      presented on the company's Internet site.                                       

15. Election of the auditor                                                     

The Audit Committee of the Board of Directors proposes that                      PricewaterhouseCoopers Oy, Authorised Public Accountants, be elected as the      company's auditor.                                                              

16. Authorisation of the Board of Directors to decide on share buyback and share issues                                                                          

The Chairman of the Board of Directors presents the Board of Director's proposal on share buyback and share issues:                                              

16.1.The Board of Directors proposes to the Annual General Meeting that the      Annual General Meeting authorise the Board of Directors to decide on the         purchase of company shares using the company's unrestricted equity under the     following terms and conditions:                                                 

16.1.1. A maximum of 10,500,000 company shares may be purchased.                 16.1.2. The shares will be purchased in disproportion to shareholders' holdings.
They will be purchased in public trading on NASDAQ OMX Helsinki Oy.              16.1.3. The shares will be purchased at their market value in public trading on  NASDAQ OMX Helsinki Oy at the time of purchase.                                  16.1.4. The share buyback will decrease the company's distributable unrestricted equity.                                                                         

The Board of Directors proposes that the authorisation reverses the              authorisation to purchase the company's own shares issued by the Annual General  Meeting on March 11, 2009. The Board of Directors proposes that the              authorisation be valid for 18 months after its granting.                        

16.2. The Board of Directors proposes to the Annual General Meeting that the     Annual General Meeting authorise the Board of Directors to decide on share       issues:                                                                         

16.2.1. The authorisation can be used in full or partially by issuing shares in  the company in one or more share issues so that the total number of shares       issued is 25,000,000.                                                            16.2.2. The Board of Directors may decide on the transfer of shares in share     issues in derogation from shareholders' pre-emptive right. The Board of          Directors is authorised to decide to whom and in which order shares will be      issued. In the share issue, shares may be issued for subscription against        consideration or for no consideration.                                           16.2.3. Based on the authorisation, the Board of Directors may also decide on a  free share issue to the company itself so that the number of shares held by the  company after the share issue represents a maximum of 10% of all shares in the   company. This amount includes all the shares held by the company and its         subsidiaries pursuant to Chapter 15, Section 11 (1) of the Companies Act.        16.2.4. The authorisation includes the right of the Board of Directors to decide on the terms and conditions of share issues and matters related to measures in   accordance with the Companies Act, including the right to decide whether any     subscription price be recognised in full or in part under invested unrestricted  equity fund or as an increase in share capital.                                  16.2.5. The share issue authorisation pursuant to this item also includes the    Board of Director's authorisation to decide on the transfer of own shares held   by the company and own shares to be purchased based on the authorisation         described above. The authorisation concerns a maximum of 12,645,000 shares to be purchased and held by the company. The Board of Directors is authorised to       decide on the purpose of assignment of the shares and on all terms and           conditions associated with the assignment, irrespective of the purpose for which the treasury shares held by the company originally were acquired.               

The Board of Directors proposes that the authorisation reverses the              authorisation to dispose of the company's own shares issued by the Annual        General Meeting on March 11, 2009. The Board of Directors proposes that the      authorisation be valid for five years after its granting.                       

17. Closing of the meeting                                                      

B. Annual General Meeting documents                                             

The company's financial statements bulletin, proposals of the Board of           Director's and its committees as well as this notice of meeting will be          available for inspection by shareholders as from February 4, 2010 on the         Internet at the company website www.yitgroup.com. The company's financial        statement documents pursuant to the Companies Act and the Securities Market Act  and the annual report are available for inspection by shareholders as from       February 17, 2010 on the Internet at the company website www.yitgroup.com.       Printed copies of the company's Annual Report for 2009 will be mailed upon       request. The Board of Directors' and committees' proposals and financial         statement documents will be available at the Annual General Meeting.            

The minutes of the Annual General Meeting will be available on the Internet at   the company website www.yitgroup.com by March 24, 2010.                         

C. Instructions for those participating in the Annual General Meeting           

Participation right and registration                                            

In order to have the right to participate in the Annual General Meeting, the     shareholder must be registered in the company's shareholder register, which is   maintained by Euroclear Finland Ltd, no later than on the record date of the     Annual General Meeting, February 26, 2010. Shareholders whose shares are         registered on their personal Finnish book-entry accounts are registered in the   company's shareholder register.                                                 

A shareholder who wishes to participate in the Annual General Meeting should     register no later than on March 5, 2010 using one of the following methods:      1. On YIT Corporation's Internet site www.yitgroup.com/agm, following the        instructions therein                                                             2. By sending a telefax to +358 20 433 2077                                      3. By telephoning Marja Salo, +358 20 433 2470 or Pirkko Pesonen, +358 20 433    2453                                                                             4. By sending a letter to YIT Corporation, Marja Salo, P.O. Box 36, FI-00621     Helsinki, Finland.                                                              

When the shareholder registers for the meeting through the Internet or by        telephone, letter or telefax, the message must reach the company prior to the    end of the registration period on March 5, 2010 at 4:00 p.m..                   

The shareholder's name, personal ID number or business ID, address and name of   any assistant, proxy or legal representative must be declared in connection with the registration. Personal data disclosed by shareholders to YIT Corporation     will only be used in connection with the Annual General Meeting and the          processing of related necessary registrations.                                  

In accordance with Chapter 5, Section 25 of the Companies Act, a shareholder who is present at the Annual General Meeting is entitled to ask questions about      matters considered at the meeting.                                              

Use of a representative and proxy                                               

A shareholder is allowed to participate in the Annual General Meeting and        exercise his rights through a proxy.                                            

The shareholder's representative must present a dated proxy or otherwise         reliably prove that he is entitled to represent the shareholder. If a            shareholder participates in the general meeting through various representatives  who represent the shareholder with shares in different security accounts, the    shares based on which each representative represents the shareholder must be     reported in connection with the registration.                                   

It is requested that the company be notified of any proxies at that time and     that any original proxies be sent to YIT Corporation, Marja Salo, P.O. Box 36,   FI-00621 Helsinki, Finland, before the expiry of the registration period.       

Holder of nominee registered share                                              

A shareholder whose shares are nominee registered and who wishes to participate  in the Annual General Meeting and exercise his right to vote must be temporarily entered in the company's shareholder register in order to participate in the     general meeting by March 5, 2010 by 10:00 a.m. The asset manager's account       operator may notify the holder of a nominee registered share to be temporarily   entered in the company's shareholder register, and such shareholders are         entitled to participate in the general meeting if they, based on their           shareholding, have the right to be entered in the shareholder register on the    general meeting record date, February 26, 2010. The notification of temporary    registration in the company's shareholder register concerning nominee registered shareholders is considered registration for the Annual General Meeting.         

A holder of nominee registered shares is urged to request his asset manager to   provide the required instructions concerning registration with the shareholder   register, issuance of proxies and registration for the general meeting.         

Other information                                                               

On the date of the invitation to the meeting, the company had a total of         127,223,422 shares and votes.                                                   

Registration of meeting participants who have signed up for the meeting and the  distribution of ballots and coffee will begin at 12:00 p.m.                     

Helsinki, February 3, 2010                                                      

 YIT Corporation                                                                  Board of Directors                                                              



Distribution: NASDAQ OMX, principal media, www.yitgroup.com