THE CENTRAL EUROPEAN BUSINESS OPERATIONS OF CAVERION WERE TRANSFERRED TO YIT

 THE CENTRAL EUROPEAN BUSINESS OPERATIONS OF CAVERION WERE TRANSFERRED TO YIT    

YIT Corporation and the owners of Caverion GmbH have agreed on June 23, 2010     that YIT will acquire the entire business operations of Caverion GmbH, a company providing building system services in Central Europe. The completion of the      transaction was subject to approval by competition authorities. All the terms    and conditions of the transaction were fulfilled on August 31, 2010, and the     business operations were transferred to YIT on the same day.                    

The price of Caverion's shares totals EUR 73 million. The company's revenue in   2009 was EUR 440 million and its operating profit amounted to EUR 10.9 million.  With the acquisition, 2,000 employees are transferred to YIT's employment. In    2009, YIT's revenue in Central Europe (Germany, Austria, Poland, Czech Republic, Hungary and Romania) was EUR 375 million and number of employees 2,160.         

The acquisition strengthens YIT's local presence and extends its competences,    allowing the company to better serve its customers. In particular, service to    industrial customers and expertise in air conditioning technology will be        improved. In order to provide extensive services and develop business efficiency and profitability YIT will collect the business operations of each country into  one company.                                                                    

The transaction will increase the share of building systems services of the      business operations of YIT Group. The Group's revenue from Central Europe will   double, and YIT will become the second largest provider of building system       services in Germany. YIT aims to develop its operations in Central Europe and    become the market leader in Germany.                                            

 YIT CORPORATION                                                                 

Virva Salmivaara                                                                 Senior Vice President, Corporate Communications                                 

 For further information, please contact:                                         Arne Malonaes, Head of the Building and Industrial Services segment, tel.  +47   90 69 31 86, arne.malonas@yit.no                                                 Sakari Toikkanen, Executive Vice President, Business Development, +358 40 532    2174, sakari.toikkanen@yit.fi                                                    Hanna-Maria Heikkinen, Vice President, Investor Relations, +358 40 826 2172,     hanna-maria.heikkinen@yit.fi                                                    

 YIT is a leading European service company in building systems, construction      services and services for industry, with operations in the Nordic countries,     Russia, the Baltic countries and Central Europe. In 2009, YIT's revenue amounted to EUR 3.5 billion and operating profit EUR 166 million. The largest segment of  YIT is Building and Industrial Services, providing services in all countries     where YIT operates. In 2009, the segment's revenue amounted to EUR 2,215 million and operating profit to EUR 119 million. After the acquisition the Group employs more than 25,500 people. YIT's share is listed on NASDAQ OMX Helsinki. For       additional information, please contact: www.yitgroup.com