YIT - Company Announcement

Creditors do not oppose YIT’s partial demerger

Helsinki, Finland, 2013-06-06 16:00 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION   
                STOCK EXCHANGE RELEASE                                JUNE 6,
2013 AT 17.00 P.M. 

Creditors do not oppose YIT's partial demerger

In connection with YIT Corporation's (“YIT”) partial demerger where YIT's
Building Systems business will be transferred to Caverion Corporation, a public
limited liability company to be incorporated in the demerger, the National
Board of Patents and Registration of Finland gave a public notice to YIT's
creditors for the execution of the creditor protection procedure on February
22, 2013. None of YIT's creditors have informed the National Board of Patents
and Registration of their opposition to the demerger by the due date for the
opposition, June 4, 2013, and there are thus no obstacles to the implementation
of the demerger. The demerger shall be resolved by YIT's extraordinary general
meeting on June 17, 2013 and the planned registration date for the
implementation of the demerger is June 30, 2013. 

The demerger circular relating to Caverion Corporation has been published on
June 5, 2013, and it is available on YIT's website (www.yitgroup.com). 

For further information, please contact:



Timo Lehtinen, CFO, YIT Corporation, tel. +358 45 670 0626, timo.lehtinen@yit.fi

Hanna-Maria Heikkinen, Vice President, Investor Relations, YIT Corporation,
tel. +358 40 826 2172, hanna-maria.heikkinen@yit.fi 

Janne Tallqvist, Group Treasurer, YIT Corporation, tel. +358 50 512 4913,
janne.tallqvist@yit.fi 



Distribution:

NASDAQ OMX Helsinki
Major media
ww.yitgroup.com



YIT Corporation



YIT is a leading European service company in building systems, construction
services and services for industry. We have 25,000 professionals serving
customers in 14 countries in the Nordic and Baltic countries, Russia and
Central Europe. For over one hundred years we have grown together with our
customers and developed our services in line with the changes taking place in
different societies. We intend to continue on that track. Our vision is to lead
the way in creating and maintaining good living environments. In 2012, YIT's
revenue was approximately EUR 4.7 billion. YIT's shares are listed on the
NASDAQ OMX Helsinki. www.yitgroup.com 



DISCLAIMER

This announcement is not an offer of securities for sale in any jurisdiction.

No securities are being registered under the US Securities Act of 1933 and may
not be offered or sold in the United States absent registration or an exemption
from registration. No public offering of securities is being made in the United
States. 

This release includes forward-looking statements. These forward-looking
statements include, but are not limited to, all statements other than
statements of historical facts contained in this communication, including,
without limitation, those regarding the demerger plan and its execution. By
their nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors because they relate to events and depend on
circumstances that may or may not occur in the future. Such statements are
based on numerous assumptions and may differ materially from (and be
significantly more negative than) those made in, or suggested by, the
forward-looking statements contained in this release.