YIT - Company Announcement

YIT:S PROFIT PROFIT BEFORE TAXES WILL DECREASE COMPARED TO THE PREVIOUS YEAR

YIT CORPORATION	CORPORATE RELEASE	    PROFIT WARNING	                           
SEPTEMBER 8, 2008 at                                                            
10:00		                                                                         

YIT:S PROFIT PROFIT BEFORE TAXES WILL DECREASE COMPARED TO THE PREVIOUS YEAR    

YIT Corporation estimates that in 2008 the revenue will increase but profit     
before taxes will decrease compared to the previous year. Estimate on profit    
development has weakened, because residential demand in Finland and construction
volumes in Baltic countries have decreased further. We will specify the full    
year estimate in the next Interim Report.                                       

Earlier YIT estimated that the revenue and profit before taxes for 2008 will    
increase compared to the previous year. Additionally, the company stated that   
increased uncertainties connected to the general economic development may weaken
the profit development during the last part of the year.                        

For further information, please contact:                                        
Sakari Ahdekivi, Chief Financial Officer, +358 20 433 2258,                     
sakari.ahdekivi@yit.fi                                                          
Petra Thorén, Senior Vice President, Investor Relations, +358 40 764 5462,      
petra.thoren@yit.fi                                                             


YIT CORPORATION                                                                 

Juha Kostiainen                                                                 
Senior Vice President, Corporate Communications and Business Development        



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