YIT - Company Announcement

MCE'S BUILDING SYSTEM OPERATIONS WERE TRANSFERRED TO YIT ON AUGUST 1, 2008

YIT CORPORATION       STOCK EXCHANGE RELEASE     AUGUST 1, 2008 AT 13.00        


MCE'S BUILDING SYSTEM OPERATIONS WERE TRANSFERRED TO YIT ON AUGUST 1, 2008      

YIT Corporation and MCE AG signed an agreement on the sale of MCE's building    
system service business in Germany, Austria, Poland, the Czech Republic, Hungary
and Romania to YIT on May 29, 2008. The completion of the transaction was       
subject to approval by competition authorities. Competition authorities approved
the transaction in Germany on July 8, 2008, in Austria on July 16, 2008 and in  
Poland on August 1, 2008. The acquisition was finalized on August 1, 2008.      

The value of the acquisition is EUR 55 million. The purchased operations employ 
about 1,900 people. Revenue for 2007 amounted to EUR 355 million.               


YIT CORPORATION                                                                 

Juha Kostiainen                                                                 
Senior Vice President, Corporate Communications and Business Development        


For further information, please contact:                                        
Petra Thorén, Senior Vice President, Investor Relations, YIT Corporation, 
+358 40 764 5462, petra.thoren@yit.fi 
Juhani Pitkäkoski, President, YIT Building Systems Ltd, +358 400 451 644,       
juhani.pitkakoski@yit.fi                                                        



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, Baltic countries, Russia and Central   
Europe. In 2007, YIT's revenue amounted to EUR 3.7 billion, and the Group       
employed more than 23,000 people. YIT's share is listed on OMX Nordic Exchange  
Helsinki. www.yitgroup.com