Listing prospectus for YIT’s EUR 100 million secured green notes is available and the amendments to the terms of EUR 100 million green notes 2026 have become effective
STOCK EXCHANGE RELEASE, FEBRUARY 24, 2003, 14:00 1 (1)
YITS CLAIM CONCERNING THE REFURBISHING OF SOKS HEAD OFFICE IN 1999 IS REJECTED. YIT WILL APPEAL THE DECISION.
In its ruling, announced on this day, the Helsinki District Court has rejected YIT Corporations claim concerning the conversion and additional works involved in the refurbishing of SOKs former head office building in 1999 as well as the additional expenses caused by the lengthening of the duration of the contract.
Instead, the District Court ordered YIT Corporation to pay Kiinteistö Oy Vilhonkatu 7, which is owned by SOK, a total of EUR 2.7 million in late delivery fines and other compensation with interest as well as litigation costs.
The rulings effect on YITs earnings amounts to about EUR -5.6 million. The sum will be recorded in YITs financial results for the first quarter of 2003. YIT will appeal the decision.
For additional information, contact: President Ilpo Jalasjoki, YIT Construction Ltd, tel. +358 20 433 2692, ilpo.jalasjoki@yit.fi Executive Vice President Esko Mäkelä, YIT Corporation, tel. +358 20 433 2258, esko.makela@yit.fi
YIT CORPORATION
Veikko Myllyperkiö Vice President, Corporate Communications
Distribution: Helsinki Exchanges, principal media, www.yit.fi