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SUBSCRIPTION FOR YIT SHARES BY EXERCISIN

STOCK EXCHANGE ANNOUNCEMENT August 19, 2003 12:30 1 (1)

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 90,330 YIT Corporation shares have been subscribed for during the period June 20 - August 15, 2003. A total of 220,830 YIT shares were subscribed for on the basis of the series B share options during the same period.

The increase in the share capital as a consequence of these share subscriptions, EUR 622,320, is to be entered in the Trade Register on August 21, 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