Lemminkäinen - Decisions of general meeting

Decisions taken by Lemminkäinen Corporation’s Extraordinary General Meeting

LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 12 SEPTEMBER 2017 AT 4.30 P.M.

This stock exchange release may not be published or distributed, in whole or in
part, directly or indirectly, in or into Canada, Australia, Hong Kong, South
Africa, Japan or any other country where such publication or distribution would
violate applicable laws or rules or would require additional documents to be
completed or registered or require any measure to be undertaken, in addition to
the requirements under Finnish law. For further information see "Important
notice" below.

DECISIONS TAKEN BY LEMMINKÄINEN CORPORATION’S EXTRAORDINARY GENERAL MEETING

The Extraordinary General Meeting of Lemminkäinen, held today on 12 September
2017, resolved on the merger of Lemminkäinen into YIT Corporation (“YIT”) in
accordance with the merger plan and approved the merger plan. Pursuant to the
merger plan, Lemminkäinen shall be merged into YIT through an absorption merger,
so that all assets and liabilities of Lemminkäinen shall be transferred without
a liquidation procedure to YIT, and Lemminkäinen will be dissolved. The
completion of the merger is subject to, inter alia, merger control approvals
from competition authorities. The merger is intended to be completed either 1
November 2017 or 1 January 2018, as possible.

The shareholders of Lemminkäinen shall receive as merger consideration 3.6146
new shares of YIT for each share owned in Lemminkäinen, that is, the merger
consideration shall be issued to the shareholders of Lemminkäinen in proportion
to their existing shareholding with a ratio of 3.6146:1. In case the number of
shares received by a shareholder of Lemminkäinen as merger consideration would
be a fractional number, the fractions shall be rounded down to the nearest whole
number. Fractional entitlements to new shares of YIT shall be aggregated and
sold in the public trading on Nasdaq Helsinki Ltd and the proceeds will be
distributed to Lemminkäinen’s shareholders being entitled to receive such
fractional entitlements in proportion to holding of such fractional
entitlements. Any costs related to the sale and distribution of fractional
entitlements shall be borne by YIT. The total number of shares issued as merger
consideration shall be rounded down to the nearest full share.

Shareholders representing 10.6 per cent of all shares and votes in Lemminkäinen
voted against the merger resolution and demanded redemption of their shares in
Lemminkäinen.

The minutes of the Extraordinary General Meeting of shareholders will be
available on Lemminkäinen's website as from 26 September 2017 at the latest.

LEMMINKÄINEN CORPORATION
Corporate communications

ADDITIONAL INFORMATION:
Johan Nybergh, General Counsel
Tel. +358 2071 54811
johan.nybergh@lemminkainen.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.lemminkainen.com

Lemminkäinen is an expert in complex infrastructure construction and building
construction in Northern Europe and one of the largest paving companies in its
market. Together with our customers and 4,700 professionals we employ, we build
a sustainable society. In 2016, our net sales were EUR 1.7 billion. Lemminkäinen
Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com

IMPORTANT NOTICE

Notice to Lemminkäinen Shareholders in the United States

The YIT shares to be issued in connection with the merger have not been
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act") and are being issued in reliance on the exemption from registration set
forth in Rule 802 under the Securities Act.

YIT and Lemminkäinen are Finnish companies and the issuance of YIT shares will
be subject to procedural and disclosure requirements in Finland that may be
different from those of the United States. Any financial statements or other
financial information included in this release may have been prepared in
accordance with non-U.S. accounting standards that may not be comparable to the
financial statements of U.S. companies or companies whose financial statements
are prepared in accordance with generally accepted accounting principles in the
United States.

It may be difficult for U.S. shareholders of Lemminkäinen to enforce their
rights and any claims they may have arising under U.S. federal securities laws
in connection with the merger, since YIT and Lemminkäinen are located in non
-U.S. jurisdictions, and some or all of YIT's and Lemminkäinen's officers and
directors may be residents of countries other than the United States. As a
result, U.S. shareholders of Lemminkäinen may not be able to sue YIT or
Lemminkäinen or their respective officers and directors in a court in Finland
for violations of U.S. federal securities laws. Further, it may be difficult to
compel YIT or Lemminkäinen to subject themselves to the jurisdiction or judgment
of a U.S. court.

Lemminkäinen’s shareholders should be aware that YIT may purchase Lemminkäinen’s
shares otherwise than under the merger, such as in open market or privately
negotiated purchases, at any time during the pendency of the proposed merger.

Notice to Shareholders in the United Kingdom

This release, the merger prospectus and the English language offering circular
are for distribution only to persons who (i) have professional experience in
matters relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the
"Financial Promotion Order"), (ii) are persons falling within Article 43 of the
Financial Promotion Order (for example as shareholders in Lemminkäinen entitled
to receive the merger consideration shares pursuant to the Finnish Companies Act
(21.7.2006/624, as amended)), (iii) are persons falling within Article 49(2)(a)
to (d) ("high net worth companies, unincorporated associations etc.") of the
Financial Promotion Order, (iv) are outside the United Kingdom, or (v) are
persons to whom an invitation or inducement to engage in investment activity
(within the meaning of section 21 of the Financial Services and Markets Act
2000) in connection with the issue or sale of the merger consideration shares
may otherwise lawfully be communicated or caused to be communicated (all such
persons together being referred to as "relevant persons"). The release, the
merger prospectus and the English language offering circular are directed only
at relevant persons and must not be acted on or relied on by persons who are not
relevant persons. Any investment or investment activity to which these documents
relate, are available only to relevant persons and will be engaged in only with
relevant persons.

Notice to Shareholders in the European Economic Area

The English language offering circular has been prepared on the basis that any
offer of the merger consideration shares in any Member State of the European
Economic Area ("EEA") other than offers (the "Permitted Public Offers") which
are made prior to the Effective Date (as defined in the English language
offering circular), and which are contemplated in the English language offering
circular in Finland once the Finnish language merger prospectus has been
approved by the competent authority in Finland and published in accordance with
the Prospectus Directive, and in respect of which YIT has consented in writing
to the use of the English language offering circular, will be made pursuant to
an exemption under the Prospectus Directive from the requirement to publish a
prospectus for offers of the merger consideration shares. Accordingly any person
making or intending to make an offer in that Member State of the merger
consideration shares which are the subject of the offer contemplated in the
English language offering circular, other than the Permitted Public Offers, may
only do so in circumstances in which no obligation arises for YIT to publish a
prospectus pursuant to Article 3 of the Prospectus Directive or supplement a
prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in
relation to such offer. YIT has not authorised, nor does it authorise, the
making of any offer (other than Permitted Public Offers) of the merger
consideration shares in circumstances in which an obligation arises for YIT to
publish or supplement a prospectus for such offer.

In relation to each Member State of the EEA, with effect from and including the
date on which the Prospectus Directive was implemented in that Member State (the
"Relevant Implementation Date") no offer has been made and will not be made
(other than a Permitted Public Offer) of the merger consideration shares which
are the subject of the offering contemplated by the English language offering
circular to the public in that Member State, except that, with effect from and
including the Relevant Implementation Date, an offer of such merger
consideration shares is made to the public in that Member State:

a) to any legal entity which is a qualified investor as defined in the
Prospectus Directive;

b) to fewer than 150 natural or legal persons (other than qualified investors as
defined in the Prospectus Directive), as permitted under the Prospectus
Directive, subject to obtaining the prior consent of YIT for any such offer; or

c) in any other circumstances falling within Article 3(2) of the Prospectus
Directive,

provided that no offer of the merger consideration shares is made which would
require YIT to publish a prospectus pursuant to Article 3 of the Prospectus
Directive or supplement a prospectus pursuant to Article 16 of the Prospectus
Directive.

The expression an offer of the merger consideration shares to the public in
relation to any merger consideration shares in any Member State means the
communication in any form and by any means of sufficient information on the
terms of the offer and the merger consideration shares to be offered so as to
enable an investor to decide to purchase or subscribe to the merger
consideration shares, as the same may be varied in that Member State by any
measure implementing the Prospectus Directive in that Member State.

The expression "Prospectus Directive" means Directive 2003/71/EC (as amended),
and includes any relevant implementing measure in the EEA Member State
concerned.