YIT SELLS ITS OWN SHARES AS PART OF THE

YIT SELLS ITS OWN SHARES AS PART OF THE FINANCIAL ARRANGEMENTS RELATED TO THE BUILDING SYSTEMS BUSINESS ACQUIRED FROM ABB

On August 29, 2003, YIT Corporation’s Board of Directors decided, under the authorization granted by the Annual General Meeting held on March 13, 2003, to dispose of a maximum of 567,500 YIT shares owned by the company in public trading on Helsinki Exchanges as part of the financial arrangements of the acquisition of ABB Building Systems’ business functions. The shares will be disposed of in suitable lots after the publication of this decision in the manner described in Article 7:5 of the Companies Act. The shares will be transferred at least at their market value as determined from their price in public trading on Helsinki Exchanges at the time of the transaction.

The authorization granted by the Annual General Meeting has been recorded in the Trade Register and is valid until March 13, 2004.
The authorization concerns a maximum of 567,500 shares. Under the authorization, the company's own shares can be transferred otherwise than in the proportion to which a shareholder has a pre- emptive right to purchase the company's own shares. Furthermore, according to the authorization the shares can be disposed of by selling them in public trading on Helsinki Exchanges.

 YIT CORPORATION

 Veikko Myllyperkiö Vice President, Corporate Communications

 YIT offers technical infrastructure investment and upkeep services for the property and construction sector, industry and telecommunications. In all sectors of operations, the Group’s services cover the entire life cycle of projects. YIT’s main market areas are the Nordic countries, the Baltic states and Russia. YIT’s strategy for building an international presence is to strengthen the market position of YIT Building Systems in the Nordic countries and the market position of YIT Construction and YIT Primatel in the Baltic states and Russia. YIT’s share has been listed on Helsinki Exchanges since September 4, 1995. The share is quoted on the Main List under the Other Services heading.

 For additional information, contact: Reino Hanhinen, Group CEO, YIT Corporation,  tel. +358 20 433 2454, reino.hanhinen@yit.fi Esko Mäkelä, Executive Vice President, YIT Corporation,  tel. +358 20 433 2258, esko.makela@yit.fi Petra Thorén, Manager, Investor Relations, YIT Corporation,  tel. +358 20 433 2635, petra.thoren@yit.fi

 DISTRIBUTION:  Helsinki Exchanges, principal media, www.yit.fi