YIT - Changes in company's own shares

CONVEYANCE OF YIT CORPORATION'S OWN SHARES UNDER YIT'S SHARE OWNERSHIP PLAN

Helsinki, 2011-04-29 07:01 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION     STOCK
EXCHANGE RELEASE        APR 29, 2011 AT 8:01 A.M. 


CONVEYANCE OF YIT CORPORATION'S OWN SHARES UNDER YIT'S SHARE OWNERSHIP PLAN

The Board of Directors of YIT Corporation has on April 28, 2011 decided on a
directed share issue for the reward payment from the 2010 earning period under
the Share Ownership Plan 2010-2016. 

In the share issue, 196,910 YIT Corporation shares will be issued and conveyed
without consideration to the key persons participating in the Share Ownership
Plan according to the terms and conditions of the plan. 

YIT Corporation's Board of Directors decided on March 10, 2010, to implement a
share-based incentive scheme to support the company's strategy of profitable
growth and supplement the existing incentive schemes. Rewards will be paid to
243 people belonging to the company's management and personnel for the 2010
earning period. The terms of the Share Ownership Plan were disclosed in more
detail in a stock exchange release published on March 10, 2010. 

The decision on the directed share issue is based on the authorization granted
to the Board of Directors by the Annual General Meeting of Shareholders held on
March 10, 2010. 

After the directed share issue, the company holds 1,948,090 own shares.



For additional information, please contact:

Antero Saarilahti, Senior Vice President, Administration, YIT Corporation, tel.
+358 20 433 2280 



YIT Corporation

Hanna-Maria Heikkinen
Vice President, Investor Relations


Distribution: NASDAQ OMX, principal media, www.yitgroup.com


YIT is a successful European service company in building systems, construction
services and services for industry. We build, develop and maintain quality
living environments in Nordic countries, Central Europe, Russia and Baltic
countries. In 2010, YIT's revenue amounted to EUR 3.8 billion. The Group
employs nearly 26,000 people. YIT's share is listed on NASDAQ OMX Helsinki.
www.yitgroup.com