REVIEW BY THE PRESIDENT AND CEO AND SHARE-BASED INCENTIVE SYSTEM DISCUSSED AT THE ANNUAL GENERAL MEETING OF YIT CORPORATION

 REVIEW BY THE PRESIDENT AND CEO AND SHARE-BASED INCENTIVE SYSTEM DISCUSSED AT    THE ANNUAL GENERAL MEETING OF YIT CORPORATION                                   

YIT Corporation is holding its Annual General Meeting today, March 10, 2010, at  1 p.m. President and CEO Juhani Pitkäkoski will present a review of recent       events at YIT, including YIT's financial statements for 2009 and future focus    areas. No essential new information will be published in the review.            

Henrik Ehrnrooth, the chairman of the Board, will present at the AGM in          conjunction with the authorisation of the Board of Directors to share buyback    and share issues a new share-based incentive system being prepared by the Board  of Directors. The objective of the incentive scheme would be to support YIT's    strategy of profitable growth and supplement the already available incentive     schemes. The incentive scheme would aim at promoting the employees in determined work, rewarding their good performance and committing them to long-term          persistent work. Shares would be handed over to employees during three           consecutive years based on the results of the previous years, so that a maximum  of approximately 700,000 shares could be handed over to the employees each year.
Employees included in the scope of the incentive scheme would be obliged to not  transfer their shares within two years of having obtained them; i.e., during a   commitment period. The Board would annually decide on the performance criteria   and the employees included in the scope of the incentive system, and the Board   would have the right to amend the rewards under all circumstances in a           reasonable manner. In the case of 2010, the performance criteria would be return on investment and revenue growth, and the incentive scheme would cover           approximately 250 employees.                                                    

The complete agenda of the AGM was published on February 4, 2010. The AGM agenda and the materials of the review of President and CEO Juhani Pitkäkoski are       available on the YIT website at www.yitgroup.com.                               

 YIT CORPORATION                                                                 



Virva Salmivaara                                                                 Senior Vice President, Corporate Communications                                 



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