YIT - Other information disclosed according to the rules of the Exchange

Proposals by the Shareholders’ Nomination Board to the Annual General Meeting

YIT Corporation Stock Exchange Release January 17, 2017 at 1:00 p.m.
YIT Corporation’s Shareholders’ Nomination Board proposes to the Annual General
Meeting, to be held on March 16, 2017, the following:

Decision on the number of members of the Board of Directors

The Nomination Board proposes that a Chairman, a Vice Chairman and four (4)
ordinary members be elected to the Board of Directors.

Decision on the remuneration of the Chairman, Vice Chairman and members of the
Board of Directors

The Nomination Board proposes to the Annual General Meeting that the annual
fixed remuneration payable to the members of the Board of Directors to be
elected at the Annual General Meeting for the term until the close of the next
Annual General Meeting be as follows:

  · Chairman EUR 79,200
  · Vice Chairman and the chairman of the Audit Committee EUR 60,000 and
  · members EUR 46,800

The Nomination Board proposes to the General Meeting that as a condition for the
annual remuneration the members of the Board of Directors are obliged, directly
based on the Annual General Meeting's decision, to use 40 percent of the fixed
annual remuneration for purchasing YIT’s shares from the market at a price
formed in trading at Nasdaq Helsinki's stock exchange list. The purchase will be
carried out within two weeks from the publication of the Interim Review for the
period January 1, 2017 to March 31, 2017.

The Nomination Board recommends that the board member would not dispose shares
received as the annual remuneration before his/her term as a member of the board
has ended.

According to the view of the Nomination Board, the long-term and increasing
share ownership of the board members serves the interest of all the
shareholders.

In addition, the Nomination Board proposes that a meeting fee in the amount of
EUR 550 shall be paid. It is proposed that similarly EUR 550 be paid to the
members of the committees of the Board of Directors for each committee meeting.
Per diems are proposed to be paid for trips in Finland and abroad in accordance
with the State’s travelling compensation regulations.

Election of the Chairman, Vice Chairman and members of the Board of Directors

The Nomination Board proposes for the term until the close of the next Annual
General Meeting that Matti Vuoria be re-elected as the Chairman of the Board of
Directors, Juhani Pitkäkoski as the Vice Chairman, and Satu Huber, Erkki
Järvinen and Inka Mero as members of the Board of Directors. The Nomination
Board proposes further that Tiina Tuomela is elected as a new member of the
board.

Tiina Tuomela, MSc (Eng), MBA, born 1966, works as Executive Vice President at
Fortum, Generation Division and Member of the Management Team. Previously, she
has worked as Executive Vice President, Nuclear and Thermal Power Division at
Fortum and Vice President, Finance, Fortum Power and Heat Oy. Tuomela is Member
of the Board of Teollisuuden Voima Oyj.

All candidates have consented to being elected and are independent of YIT
Corporation and its major shareholders. Information relevant to the work of the
Board of Directors related to the currently nominated candidates is presented on
the company website www.yitgroup.com/nominationboard.

YIT Corporation’s Nomination Board

YIT Corporation's Annual General Meeting decided on March 15, 2016 to establish
a Shareholders’ Nomination Board for the time being. The Nomination Board is to
prepare proposals on members of the Board of Directors and their remuneration
for the Annual General Meeting.

The Nomination Board comprises the representatives nominated by the company’s
three major shareholders and the Chairman of the Board of Directors as a
specialist member.

The composition of the Shareholders’ Nomination Board having prepared the
proposal for AGM 2017 to be held on March 16, 2017 is the following:

  · The CEO of Varma Mutual Pension Insurance Company, Risto Murto (Chairman of
the Nomination Board)
  · The CEO of OP Fund Management Company Ltd., Kalle Saariaho,
  · Antti Herlin and

The Chairman of YIT Corporation’s Board of Directors, Matti Vuoria as the
invited expert member.

The Nomination Board shall present and provide the grounds for its proposals and
submit a report of its operations to the Annual General Meeting.

YIT’s Board of Directors will include these proposals into the notice of the
Annual General Meeting of 2017, which is estimated to be published on February
3, 2017.

For further information, please contact:

Risto Murto, Chairman of the Shareholders’ Nomination Board of YIT Corporation,
+358 10 244 3119
Juha Jauhiainen, Corporate General Counsel, YIT Corporation, +358 40 725 9643,
juha.jauhiainen@yit.fi

YIT CORPORATION

Hanna Jaakkola
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, principal media, www.yitgroup.com

YIT creates better living environment by developing and constructing housing,
business premises, infrastructure and entire areas. Our vision is to bring more
life in sustainable cities. We want to focus on caring for customer, visionary
urban development, passionate execution and inspiring leadership. Our growth
engine is urban development involving partners. Our operating area covers
Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland.
In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about
5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com