YIT - Company Announcement

YIT INCREASES ITS GROWTH TARGET

YIT CORPORATION       STOCK EXCHANGE RELEASE     August 20, 2009 09:00          

YIT INCREASES ITS GROWTH TARGET                                                 

YIT Corporation's Board of Directors has confirmed the Group's strategy for     
2010-2012 on August 19, 2009. The key strategic target is profitable growth. The
Group's annual revenue growth target has been increased to 5-10 per cent on     
average. Previously, the target was positive growth in revenue. The Group's     
other strategic target levels remain unchanged, and they are: return on         
investment of 20 per cent, operating cash flow after investments must be        
sufficient for dividend payout and reduction of debt, equity ratio of 35 per    
cent and dividend payout of 40 to 60 per cent of net profit for the period.     

Service and maintenance operations are the focus of growth in Building and      
Industrial Services                                                             

In Building and Industrial Services, YIT aims to be the leading provider of     
technical system maintenance and a forerunner in energy-saving services in the  
Nordic countries and Central Europe. The target is to increase the service and  
maintenance operations faster than other operations, both organically and       
through business acquisitions.                                                  

Growth in Construction Services Finland to focus on housing and infrastructure  

In Construction Services Finland, YIT's aim is to strengthen its position in all
of its three key construction areas - housing, business premises and   
infrastructure. With regard to residential construction, development projects   
will be increased so that the turnover of capital is accelerated. In business   
premises, the focus will be on developing and repairing existing properties     
during the beginning of the strategy period. In infrastructure services, the    
market position will be reinforced and maintenance activity will be increased.  

Use of invested capital will be made more effective in Russia                   

In Russia, YIT primarily pursues profitability and controlled growth. YIT has   
invested capital mainly in residential development projects and related plots.  
The use of capital will be made more effective with an extensive action         
programme that has been initiated. The strong need for housing has not          
decreased, and the demand outlook for residential units aimed at YIT's customer 
segment is favourable in the long-term, which provides opportunities for growth.
In the Baltic countries and Central Eastern Europe, YIT will aim to take        
advantage of emerging market opportunities.                                     

Capital market day on September 24                                              

YIT will arrange a capital market day for investors and analysts on September   
24, 2009, to present the Group's strategy. A webcast of the presentation given  
by President and CEO Juhani Pitkäkoski can be viewed live on the day in question
starting at 9 a.m. (Finnish time, EEST) at www.yitgroup.com/webcast and         
afterwards as a recording at the same address.                                  

For further information, please contact:                                        
Juhani Pitkäkoski, President and CEO, +358 20 433 3301, juhani.pitkakoski@yit.fi
Petra Thorén, Senior Vice President, Investor Relations, +358 40 764 5462,      
petra.thoren@yit.fi                                                             YIT CORPORATION                                                                 


Virva Salmivaara                                                                
Senior Vice President, Corporate Communications                                 

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