YIT - Company Announcement

YIT ACQUIRES CAVERION, A CENTRAL EUROPEAN COMPANY OFFERING TECHNICAL BUILDING SYSTEM SERVICES

YIT CORPORATION       STOCK EXCHANGE RELEASE    JUNE 23, 2010 AT 9:45 A.M.      


YIT ACQUIRES CAVERION, A CENTRAL EUROPEAN COMPANY OFFERING TECHNICAL BUILDING   
SYSTEM SERVICES                                                                 

YIT Corporation has agreed with the owners of Caverion GmbH that YIT will       
acquire the entire business of Caverion. The price of Caverion's shares is EUR  
73 million. The completion of the transaction is subject to approval by the     
competition authorities. It is estimated that the acquisition will be completed 
by August 31, 2010.                                                             

Caverion provides a wide range of services related to technical building systems
and their maintenance and operation. Its turnover in 2009 was EUR 440 million of
which 80 per cent was gained from Germany. Other countries where the company    
operates are the Czech Republic, Hungary and Poland. The company has project    
activities in other countries. Caverion has 1,900 employees.                    

The revenue of YIT's Building and Industrial services in 2009 was EUR 2,125     
million, of which EUR 375 million was from Central Europe (Germany, Austria,    
Poland, the Czech Republic, Hungary and Romania). YIT's personnel in Central    
Europe is 2,060. Germany accounted for 53 per cent of YIT's revenue in Central  
Europe in 2009.                                                                 

YIT doubles its operations in Central Europe                                    

The acquisition of Caverion is part of YIT's strategy to increase its building  
system operations in Central Europe. It will strengthen YIT's local market      
position in the Central European countries where YIT already has operations. YIT
will merge the companies in each country, which will improve YIT's ability to   
serve its customers locally with a wide portfolio of services.                  

As a result of the acquisition, YIT will become the second largest provider of  
building system services in Germany. The bigger size of German operations offers
opportunities to improve efficiency and profitability.                          

- Our aim is to develop our operations in Central Europe and become the market  
leader in Germany. The know-how of personnel transferring to YIT and our current
personnel will complement each other in an excellent way. We target for         
profitable growth and increase the share of service and maintenance operations, 
says Arne Malonæs, President of YIT's Building and Industrial Services segment. 

Outlook for 2010 unchanged                                                      

The acquisition will not change YIT Group's outlook for 2010. In its Interim    
Report of April 29, 2010, YIT estimated that in 2010 the Group's revenue will   
increase and profit before taxes will increase significantly compared to 2009.  


YIT Corporation                                                                 

Virva Salmivaara                                                                
Senior Vice President, Corporate Communications                                 


For further information, please contact:                                        
Arne Malonæs, President of Building and Industrial Services segment, tel. +47 90
69 31 86, arne.malonas@yit.no                                                   
Sakari Toikkanen, Senior Vice President, Business Development, tel. +358 40 532 
2174, sakari.toikkanen@yit.fi                                                   
Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 40 826     
2172, hanna-maria.heikkinen@yit.fi                                              


YIT is a leading European service company in building systems, construction     
services and services for industry. We build, develop and maintain quality      
living environments in the Nordic countries, Russia, the Baltic countries and   
Central Europe. In 2009, YIT's turnover was EUR 3.5 billion. The Group has      
23,500 employees. YIT's shares are listed on NASDAQ OMX Helsinki. YIT's largest 
business segment is Building and Industrial Services, which provides services in
all countries where YIT operates. In 2009, the segment's revenue was EUR 2,125  
million and it employed 17,560 people. More information: www.yitgroup.com       

Caverion provides a wide range of services relating to technical building       
systems and their maintenance and operation in Germany, the Czech Republic,     
Hungary and Poland. It also has project activities in other countries. The      
company's turnover in 2009 was EUR 440 million and it employed 1,900 people.    
Caverion provides services for all building technical systems. Additionally, it 
manufactures ventilation and heating systems. Caverion's clients come from the  
automotive, microelectronics, food and pharmaceutical industry as well as bank  
and insurance sectors. More information: www.caverion.com