2007-10-26 07:05:00 CEST

2007-10-26 07:05:00 CEST


REGULATED INFORMATION

English Finnish
YIT - Company Announcement

INTERNATIONAL CONSTRUCTION SERVICES TO BE YIT'S FOURTH BUSINESS SEGMENT


YIT CORPORATION	      OCT. 26, 2007 at 8:05 
CORPORATE RELEASE	      STOCK EXCHANGE RELEASE 


INTERNATIONAL CONSTRUCTION SERVICES TO BE YIT'S FOURTH BUSINESS SEGMENT         

A new business segment named International Construction Services will be formed 
from YIT Construction Services' operations in the Baltic countries and Russia at
the beginning of 2008. The business operations of Construction Services in      
Finland will continue as a separate business segment, Construction Services     
Finland. As of the beginning of 2008 YIT's four business segments will be:      
Building Systems, Construction Services Finland, International Construction     
Services and Industrial and Network Services. The first interim report in line  
with the new business segment structure will be published on April 25, 2008.    

Kari Kauniskangas (33), M.Sc. (Eng.), has been appointed to head up the         
International Construction Services business segment. He has previously served  
as the director of the Business Premises division in the Construction Services  
business segment. Ilpo Jalasjoki (56), M.Sc. (Eng.), has been appointed as the  
head of Construction Services Finland. He has previously been in charge of the  
Construction Services business segment.                                         

The business segments have been reorganized due to growth in operations in      
Russia and the Baltic countries and their rising share of consolidated revenue. 
YIT is pursuing strong growth, particularly in the Russian market. The          
Construction Services business segment currently operates in Finland, Russia,   
Lithuania, Latvia and Estonia.                                                  

Firming up the Group's Management Board                                         

The Group's Management Board will be firmed up as from the beginning of 2008. In
addition to Group CEO Hannu Leinonen, the members of the new Management Board   
are the heads of the business segments, Pekka Frantti, Ilpo Jalasjoki, Kari     
Kauniskangas and Juhani Pitkäkoski, as well as the Group's CFO Sakari Ahdekivi  
and Executive Vice President Sakari Toikkanen.                                  


For additional information, contact:                                            
Group CEO Hannu Leinonen, YIT Corporation, tel. +358 20 433 3301                
                                                                             
President Ilpo Jalasjoki, YIT Construction Ltd, tel. +358 20 433 2692           


YIT Corporation                                                                 


Hannu Leinonen                                                                  
Group CEO                                                                       


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