YIT IMPLEMENTS A SHARE-BASED INCENTIVE SCHEME

 YIT IMPLEMENTS A SHARE-BASED INCENTIVE SCHEME                                   

The Board of Directors of YIT Corporation has decided to implement a new         share-based incentive scheme. The objective of the incentive scheme is to        support YIT's strategy of profitable growth and supplement the already available incentive schemes.                                                              

YIT's objective is providing its employees competitive terms of employment,      including various incentive schemes as well as opportunities for development and participation. The share-based incentive scheme aims at promoting the employees  in determined work, rewarding their good performance and committing them to      long-term persistent work.                                                      

The scheme consists of three earnings period, i.e., the calendar years 2010,     2011 and 2012. Shares will be handed over in 2011, 2012 and 2013 to employees,   based on the results of the previous year. A total of approximately 700,000      shares can be annually rewarded, of which a maximum of 20,000 to the President   and CEO. Furthermore, employees included in the scope of the incentive scheme    will receive part of their reward in cash to cover the deferred taxes and other  charges ordered by the authorities caused by the share rewards. Employees        included in the scope of the incentive scheme are obliged to not transfer their  shares within two years of having obtained them; i.e., during a commitment       period. If the employment of an employee included in the scope of the scheme is  terminated during the commitment period, the employee must return any shares     obtained as rewards to the company free of charge. Under all circumstances, the  Board has the right to amend the rewards in a reasonable manner.                

The Board of the company annually decides on the performance criteria and the    employees included in the scope of the incentive scheme. In the case of 2010,    the performance criteria are return on investment and revenue growth, and the    incentive scheme covers approximately 250 employees whom the Board will name by  the end of March 2010.                                                          

For additional information, please contact:                                      Antero Saarilahti, Senior Vice President, Administration, +358 20 433 2280,      antero.saarilahti@yit.fi                                                        

 YIT CORPORATION                                                                 



Virva Salmivaara                                                                 Senior Vice President, Corporate Communications                                 



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