YIT CORPORATION BEGINS THE PURCHASE OF THE COMPANY'S OWN SHARES

 YIT CORPORATION BEGINS THE PURCHASE OF THE COMPANY'S OWN SHARES                 

The Board of Directors of YIT Corporation has decided to use the authorisation   granted by the Extraordinary General Meeting of the YIT Corporation on October   6, 2008, to purchase a maximum of 12,722,342 company shares, purchased with the  company's unrestricted equity. The maximum number equals 10% of the company's    shares.                                                                         

The own shares may be purchased to develop the company's capital structure, to   be used as consideration in possible acquisitions or when the company purchases  business assets, or to fund or implement other arrangements, or to be disposed   of in public trading on the NASDAQ OMX Helsinki Ltd or annulled.                

The shares will be purchased in disproportion to shareholders' holdings. They    will be purchased in public trading on the NASDAQ OMX Helsinki Ltd and at their  market value at the time of purchase.                                           

The purchases of the shares start at the earliest on November 28, 2008. The      authorization is valid for 18 months from the decision of the Extraordinary      General Meeting.                                                                

YIT Corporation does not hold any shares at the moment.                         

 For additional information, contact:                                             Antero Saarilahti, Senior Vice President, Administration, +358 20 433 2280,      antero.saarilahti@yit.fi                                                         Sakari Ahdekivi, Chief Financial Officer, +358 20 433 2258,                      sakari.ahdekivi@yit.fi                                                          



YIT CORPORATION                                                                  Juha Kostiainen                                                                  Senior Vice President, Corporate Communications and Business Development        

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



YIT is a successful European service company in building systems, construction   services and services for industry. We build, develop and maintain quality       living environments in Nordic countries, Russia, Baltic countries and Central    Europe. In 2007, YIT's revenue amounted to EUR 3.7 billion. YIT's share is       listed on NASDAQ OMX Helsinki Ltd. www.yitgroup.com