YIT COMPLETES DIVESTMENT OF SHARES IN GERMAN COMPANY AGO AG

YIT COMPLETES DIVESTMENT OF SHARES IN GERMAN COMPANY AGO AG

YIT completed the sale of the shares in the German company AGO AG to Perseus L.L.C. The transaction became effective on June 30, 2011 at which date the ownership of shares was transferred to Perseus. The transaction has no material impact on the cash flow or result of YIT.

YIT acquired the shares in AGO AG in connection with the acquisition of caverion, completed at the beginning of September 2010. With the transaction now completed, YIT sold its 59.25 per cent holding in AGO AG. Completion of the transaction was subject to the approval of the German competition authorities, which was obtained on June 27, 2011.

YIT announced the sale of the shares in AGO AG in its Stock Exchange Release dated May 30, 2011.

For additional information, please contact:

Sakari Toikkanen, Senior Vice President, Business Development, YIT Corporation, tel. +358 20 433 2336, sakari.toikkanen@yit.fi
Hanna-Maria Heikkinen, Vice President, Investor Relations, YIT Corporation, tel. +358 20 433 2635, hanna-maria.heikkinen@yit.fi 

YIT CORPORATION

Hanna-Maria Heikkinen
Vice President, Investor Relations

Distribution: NASDAQ OMX, principal media, www.yitgroup.com

YIT is a leading European service company in building systems, construction services and services for industry. We build, develop and maintain quality living environments in the Nordic countries, Central Europe, Russia and the Baltic countries. In 2010, YIT's turnover was EUR 3.8 billion. The Group has nearly 26,000 employees. YIT's shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com