INVITATION TO YIT CORPORATION'S EXTRAORDINARY GENERAL MEETING

INVITATION TO YIT CORPORATION'S EXTRAORDINARY GENERAL MEETING                   

The shareholders of YIT Corporation are invited to attend the Extraordinary      General Meeting to be held on Monday, October 6, 2008, starting at 10:00         (Finnish time) in Hall A of the Finlandia Hall's Congress Wing, Mannerheimintie  13, Helsinki (entrance through doors M1 and K1).                                

The check-in of those who have signed up for the meeting and the distribution of ballots will start at 9:00. Coffee will be available from 9:00.                 

MATTERS TO BE CONSIDERED AT THE MEETING                                         

The agenda is available on the company's website at www.yitgroup.com.           

I Authorization to purchase the company's own shares                            

The Board of Directors proposes that the Extraordinary General Meeting authorize the Board to decide on the purchase of a maximum of 12,722,342 company shares    using the company's unrestricted equity under the following terms and            conditions:                                                                     

1. The own shares may be purchased to develop the company's capital structure,   to be used as consideration in possible acquisitions or when the company         purchases business assets, or to fund or implement other arrangements, or to be  disposed of in public trading on the OMX Nordic Exchange Helsinki Oy or          annulled.                                                                       

2. The shares will be purchased in disproportion to shareholders' holdings. They will be purchased in public trading on the OMX Nordic Exchange Helsinki Oy.     

3. The shares will be purchased at their market value in public trading on the   OMX Nordic Exchange Helsinki Oy at the time of purchase.                        

4. The share buyback will reduce the company's distributable unrestricted        equity.                                                                         

The Board proposes that the authorization be valid for 18 months from granting   the authorization.                                                              

II Authorization to dispose of treasury shares                                  

The Board of Directors proposes that the General Meeting authorize the Board of  Directors to decide on the disposal of the shares purchased under the            authorization of the Board under the following terms and conditions:            

1. The maximum number of shares that can be disposed of under the authorization  shall be no more than 12,722,342 of the shares bought back for and held by the   company.                                                                        

2. The Board of Directors will be authorized to decide to whom the shares will   be transferred to, and in which order. The Board of Directors may decide to      dispose of the company's own shares as a directed issue in derogation from       shareholders' pre-emptive right.                                                

3. Treasury shares may be disposed of in such a manner and scope as decided upon by the Board of Directors to develop the company's capital structure, as         consideration in possible acquisitions or when the company purchases business    assets, or to fund or implement other arrangements.                             

4. The shares may also be disposed of by selling them in public trading on the   OMX Nordic Exchange Helsinki Oy. In such a case, the shares will be disposed of  at least at their market value at the time of disposal, which shall be the price of the share in public trading on the OMX Nordic Exchange Helsinki Oy.          

The Board of Directors proposes that the authorization be valid for 5 years from granting the authorization.                                                     

EXTRAORDINARY GENERAL MEETING DOCUMENTS                                          Documents referred to in Chapter 5, section 1 of the Limited Liability Company   Act and the proposals by the Board of Directors are available for inspection by  the shareholders for a week before the meeting at the company's head office,     address Panuntie 11, Helsinki, Finland, and on the company's Internet site at    www.yitgroup.com.                                                               

RIGHT TO PARTICIPATE                                                            

In order to have the right to participate in the General Meeting, the            shareholder must be registered in the company's shareholder register, which is   maintained by Finnish Central Securities Depository Ltd, by no later than        September 26, 2008.                                                             

A shareholder whose shares are nominee registered and who wishes to participate  in the Extraordinary General Meeting and use his right of vote, must temporarily register in the shareholder register by no later than September 26, 2008.       

NOTIFICATION                                                                    

The shareholder must notify the company of his intention to participate no later than September 29, 2008, using one of the following methods:                     On YIT Corporation's Internet site www.yitgroup.com, following the instructions  therein                                                                          By sending a telefax to +358 20 475 2077                                         By telephoning Marja Salo, +358 20 433 2470 or                                   Pirkko Pesonen, +358 20 433 2453                                                 By sending a letter to YIT Corporation, Marja Salo, P.O. Box 36, FI-00621        Helsinki, Finland.                                                              

Notifications through the Internet, by telephone, by letter, or telefax must     reach the company before the end of registration on September 29, 2008 at 16:00.

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

 Helsinki, September 15, 2008                                                    

YIT CORPORATION                                                                  Board of Directors                                                              

 ATTACHMENTS:                                                                     Agenda of the meeting                                                            Proposals by the Board of Directors to the Extraordinary General Meeting         Report of the essential events after the Interim Report period of Jan-Jun/2008  

Distribution: OMX Nordic Exchange in Helsinki, principal media, www.yitgroup.com