RESOLUTIONS PASSED AT YIT CORPORATION'S ANNUAL GENERAL MEETING

RESOLUTIONS PASSED AT YIT CORPORATION'S ANNUAL GENERAL MEETING                  

YIT Corporation's Annual General Meeting, which was held today, adopted the 2006 financial statements and discharged the members of the Board of Directors and    the President and CEO from liability. The Annual General Meeting decided on the  payment of dividends, the composition of the Board of Directors and the election of the auditor, changes in the Articles of Association, changes concerning the   2004 and 2006 share option programmes as well as the increase of share capital. 

Dividend payout                                                                 

It was decided that a dividend of EUR 0.65 will be paid per share, or a total of EUR 82.4 million, as proposed by the Board of Directors. The right to a dividend rests with a shareholder who by the record date of March 21, 2007, has been      entered as a shareholder in the company's shareholder register that is kept by   the Finnish Central Securities Depository Ltd. It was decided that the dividend  will be paid on March 28, 2007.                                                 

Composition of the Board of Directors and the election of the auditor           

The Annual General Meeting resolved to elect a chairman, vice chairman and three ordinary members to the Board of Directors. The composition of the Board was     kept unchanged: Chairman Reino Hanhinen, Vice Chairman Eino Halonen and members  Sari Baldauf, Antti Herlin and Teuvo Salminen.                                  

PricewaterhouseCoopers Oy, Authorized Public Accountants, was re-elected as the  company's auditor, with Göran Lindell, Authorized Public Accountant, as chief    auditor.                                                                        

Amendment of Articles 3, 4, 6, 8, 9, 10 and 11 of the Articles of Association   

It was decided that Article 3 of the Articles of Association will be amended     such that references to the nominal value of shares and the minimum and maximum  share capital will be deleted and replaced with a statement that the shares of   the company belong to the book-entry securities system.                         

It was decided that two explanatory statements be added to Article 4 of the      Articles of Association to the effect that when the chairman is prevented from   discharging his duties, said duties will be discharged by the vice chairman.    

Article 6 of the Articles of Association includes a regulation on the signing of the company's business name and powers of procuration. The new Companies Act     includes a provision on representing the company. The new Act does not recognize the concept of signing the business name. A decision was made to account for the provisions of the new Act in the wording of the proposal. No changes to the      content were made.                                                              

It was decided that the word “otherwise” will be added to Article 8 of the       Articles of Association, which sets forth rules for matters such as the manner   in which meetings are to be convened.                                           

It was decided that Article 9 of the Articles of Association will be amended     such that the list of matters to be dealt with at the Annual General Meeting     shall account for the new Companies Act's provisions on meeting agendas.        

It was decided that Article 10 of the Articles of Association will be amended    such that its stipulations concerning the inclusion of the shares in the         book-entry securities system will be deleted and replaced with a provision       stating that disputes on the application of the Companies Act shall be resolved  by way of arbitration.                                                          

It was decided that Article 11 of the Articles of Association, which sets forth  regulations on the obligation to redeem the company's shares once a certain      shareholding limit is exceeded, will be deleted.                                 The 2004 and 2006 share option programmes                                       

Since the Articles of Association were amended in the manner specified above, it was decided that the terms and conditions of share subscriptions under the share option programmes shall account for the discontinuation of the nominal value of  the company's shares, and it was decided that the full subscription price shall  be entered into the share capital when shares are subscribed for with the share  options; therefore, a decision was made to delete the provision in the terms     that sets the maximum amount by which the share capital can be increased.       

Raising the share capital                                                       

Since the Articles of Association were amended in the manner described above, it was decided that the share capital will be increased by EUR 82,822,459.92 to EUR 146,210,995.92 by means of a reserve fund transfer, whereby the funds in the     share premium reserve, EUR 82,822,459.92, will be transferred into the share     capital. New shares will not be issued when the share capital is increased.     

 The proposal by the Board of Directors to amend Articles 3, 4, 6, 8, 9, 10 and   11 of YIT Corporation's Articles of Association as well as the proposal by the   Board of Directors regarding the terms and conditions of YIT Corporation's share options from 2004 and 2006 and raising the share capital are presented on the    company's internet site at www.yitgroup.com.                                    

 For further information, contact:                                                Sakari Toikkanen, Executive Vice President, +358 20 433 2336,                    sakari.toikkanen@yit.fi,                                                         Marja Salo, Director of Administration, +358 20 433 2470, marja.salo@yit.fi     

 YIT CORPORATION                                                                 



Virva Salmivaara                                                                 Deputy to the Vice President, Communications                                    

 Distribution: Helsinki Stock Exchange, principal media, www.yitgroup.com