YIT - Company Announcement

YIT Corporation’s Annual General Meeting on March 15, 2016: President and CEO Kari Kauniskangas comments on the first quarter’s development

YIT CORPORATION Stock exchange release March 15, 2016 at 9:00 a.m.
YIT Corporation will hold its Annual General Meeting today, March 15, 2016 at
10:00 a.m. in Helsinki, Finland. The President and CEO Kari Kauniskangas will
present a review of YIT’s Financial Statements for 2015 as well as the outlook
for the present year. In addition, President and CEO Kauniskangas will briefly
comment on the first quarter’s development.

“The year has started actively for us. The Tripla project in Central Pasila has
progressed as planned; we signed the purchase agreement for the land areas in
early March, and negotiations with investors are progressing. We have started
new self-developed business premises projects and won both business premises and
infrastructure contracts during the beginning of the year. These projects
support our strong order backlog in the Business Premises and Infrastructure
segment.

In Finland, the sales of new residential projects has started well, but the
overall volume of consumer sales has remained at the average level of the
previous years. The sales of apartments has remained high in the CEE countries.
In Russia, apartment sales has remained below the extraordinarily strong level
of the first quarter of 2015. A large part of the apartments sold at the start
of the year have been sold within new projects that were started in the winter,
which means they will have little effect on the revenue and result of the first
quarter. We stated already in our guidance for 2016 that we expect our adjusted
operating profit to be the lowest in the first quarter,” says Kari Kauniskangas,
President and CEO.

The estimates for the first quarter’s consumer sales are: over 300 apartments in
Finland (Q1/2015: 271), over 750 apartments in Russia (Q1/2015: 967) and below
200 apartments in the CEE countries (Q1/2015: 192).

The invitation to the Annual General Meeting and the Board of Directors’
proposals to the Annual General Meeting were published in a stock exchange
release on February 5, 2016. An amendment to the Board of Directors’ proposal
regarding the members of the Board of Directors was published in a stock
exchange release on March 3, 2016. The Annual General Meeting material and the
presentation of the review of the President and CEO Kari Kauniskangas are
available on the YIT website at www.yitgroup.com/agm2016.

YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations and M&A

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

YIT is a construction industry leader that creates sustainable urban
environments by constructing housing, business premises, infrastructure and
entire areas. We focus on providing a first-class customer experience, high
quality and continuous development of our diverse expertise. Our operating area
covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and
Poland. Our vision is to stay one step ahead – while caring for our customers,
partners and personnel. We have over 5,300 employees in eight countries. In
2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on
Nasdaq OMX Helsinki. www.yitgroup.com