YIT - Company Announcement

NESTE OIL AND YIT CONTRACT DISPUTE GOES TO COURT OF ARBITRATION

YIT CORPORATION      CORPORATE RELEASE               APRIL 1, 2008 at 15:00     


NESTE OIL AND YIT CONTRACT DISPUTE GOES TO COURT OF ARBITRATION                 

The disagreement that has arisen in the financial final settlement for the      
mechanical installation work of production line 4, which was completed at Neste 
Oil's Porvoo oil refinery last summer, has been brought to the court of         
arbitration for a decision. Neste Oil's claims against YIT Industrial and       
Network Services amount to around EUR 36 million and they comprise mainly       
damages based on the delay to the contract. Neste Oil is reserving the right to 
further specify its claims.                                                     

YIT has presented claims against Neste Oil in the financial final settlement for
an amount of around EUR 25 million. The principle bases of these claims are the 
work performed under the contract and the additional costs that arose from the  
prolongation of the contract.                                                   

Both parties contest the claims made against each other.                        

For additional information, contact:                                            
Pekka Frantti, President, YIT Industrial                                        
and Network Services Ltd, tel. +358 50 390 0932                                 


YIT CORPORATION                                                                 
Juha Kostiainen                                                                 
Senior Vice President, Corporate Communications and Business Development        


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