SUBSCRIPTION FOR YIT SHARES BY EXERCISIN

SUBSCRIPTION FOR YIT SHARES BY EXERCISING THE 1998 SERIES A AND B SHARE OPTIONS

Through the exercise of the 1998 Series A share options a total of 46,750 YIT Corporation shares have been subscribed for during the period October 28 - November 28, 2003. A total of 73,429 YIT shares were subscribed for on the basis of the series B share options during the same period. In accordance with the terms and conditions of the share option programme, the last subscription day for both the series A and Series B share options was November 28, 2003.

The increase in the share capital as a consequence of these share subscriptions, EUR 240,358, is to be entered in the Trade Register on December 4, 2003.

YIT CORPORATION



 Veikko Myllyperkiö Vice President, Corporate Communications

For additional information, contact: Jaakko Mäkynen, Vice President, Finance, tel. +358 20 433 2307, jaakko.makynen@yit.fi Marja Salo, Director of Administration, tel. +358 20 433 2470, marja.salo@yit.fi

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