YIT PURCHASES LAND IN LÄNSI-PASILA, HELSINKI, FROM KAPITEELI

 YIT PURCHASES LAND IN LÄNSI-PASILA, HELSINKI, FROM KAPITEELI

YIT Construction Ltd and Kapiteeli Plc have made a plot transaction valued at about EUR 22 million. The plots extend to the edge of Central Park in Länsi- Pasila, Helsinki. The plots have been zoned for housing construction and YIT is going to build 250 apartments in the area. It is planned that the area will be built up in 2007-2010.

 YIT Corporation

 Veikko Myllyperkiö Vice President, Corporate Communications

 For additional information, contact: Head of Department Harri Isoviita, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@yit.fi President and CEO Ossi Hynynen, Kapiteeli Plc, tel. +358 400 701 030

DISTRIBUTION: Helsinki Stock Exchange, principal media, www.yit.fi