YIT SELLS THE NETWORK SERVICES BUSINESS UNIT TO RELACOM

YIT SELLS THE NETWORK SERVICES BUSINESS UNIT TO RELACOM                         

YIT Corporation has signed an agreement to sell the Network Services business    unit to Relacom Finland Oy. The transaction price amounts to EUR 25 million and  it will be paid in cash. The transaction must be approved by the Competition     Authority before it enters into force. It is expected that the deal will be      consummated by the end of year 2007.                                            

The Network Services business unit provides telecom network construction and     maintenance, electrical network maintenance and construction, and IT on-site     services. In 2006, Network Services had revenue of EUR 83.7 million,             representing 2.5 per cent of the YIT Group's revenue. The business unit          currently has approximately 1,000 employees, or approximately 4 per cent of      YIT's total personnel. The Network Services business unit mainly comprises the   former YIT Primatel Ltd, which YIT acquired from Sonera in the spring of 2002.  

Following the acquisition, Relacom Finland Oy will become a stronger company in  its field in Finland, serving operators and office market with construction,     installation and maintenance services. Employees will transfer to Relacom under  their current terms of employment.                                              

The sale of the business unit does not affect the YIT Group's outlook for 2007.  The transaction has a non-recurring effect of about EUR 9 million on profit      after taxes in Q4/2007.                                                         

YIT CORPORATION                                                                 

 Juha Kostiainen                                                                  Vice President, Corporate Communications and Business Development               

 For additional information, contact:                                             Pekka Frantti, President, YIT Industrial and Network Services Ltd,  tel. +358 50 390 0932                          Sakari Toikkanen, Executive Vice President, YIT Corporation,  tel. +358 20 433 2336                     Petra Thorén, Vice President, Investor Relations, YIT Corporation,  tel. +358 20 433 2635, +358 40 764 5462         

Distribution: OMX Nordic Exchange Helsinki, principal media, www.yitgroup.com