YIT - Decisions of general meeting

RESOLUTIONS PASSED AT YIT CORPORATION'S ANNUAL GENERAL MEETING

YIT CORPORATION        STOCK EXCHANGE RELEASE     March 11, 2009 at 15:15 

RESOLUTIONS PASSED AT YIT CORPORATION'S ANNUAL GENERAL MEETING                  

YIT Corporation's Annual General Meeting, which was held today, adopted the 2008
financial statements and discharged the members of the Board of Directors and   
the President and CEO from liability. The Annual General Meeting decided on the 
payment of dividends, the composition of the Board of Directors and their fees, 
the election of the auditor, and to authorise the Board of Directors to purchase
the company's shares and to dispose them.                                       

Dividend payout                                                                 

It was decided that a dividend of EUR 0.50 will be paid per share, or a total of
EUR 62.5 million, as proposed by the Board of Directors. Dividend will not be   
paid to YIT shares held by YIT Corporation. The right to a dividend rests with a
shareholder who by the record date of March 16, 2009, has been entered as a     
shareholder in the company's shareholder register that is kept by the Finnish   
Central Securities Depository Ltd. It was decided that the dividend will be paid
on April 2, 2009.                                                               

Composition of the Board of Directors and their fees                            

The Annual General Meeting resolved to elect a Chairman, Vice Chairman and five 
ordinary members to the Board of Directors, namely: Henrik Ehrnrooth as         
Chairman, Eino Halonen as Vice Chairman and Kim Gran, Reino Hanhinen, Antti     
Herlin, Satu Huber and Lauri Ratia as members.                                  

Board of Director's meeting fees were kept unchanged, i.e. the following fees   
will be paid to the Board of Directors: Chairman EUR 6,000/month (EUR           
72,000/year), Vice Chairman EUR 4,500/month (EUR 54,000/year), member EUR       
3,500/month (EUR 42,000/year) plus a meeting fee of EUR 500 for each meeting,   
and that similarly EUR 500 be paid to the members of the committees for each    
committee meeting. Per diems for trips in Finland and abroad are paid in        
accordance with the State's travelling compensation regulations.                

Election of the auditor                                                         

PricewaterhouseCoopers Oy, Authorized Public Accountants, was elected as the    
company's auditor, with Heikki Lassila, Authorized Public Accountant, as chief  
auditor.                                                                        

Purchasing and disposal of the company's own shares                             

The Annual General Meeting decided to authorise the Board of Directors to       
purchase the company's shares and to dispose them, as proposed by the Board of  
Directors. The authorisation granted to the Board of Directors covers the       
acquisition of a maximum of 10,100,000 company shares, purchased with the       
company's unrestricted equity, and the assignment of a maximum of 12,700,000 of 
the shares bought back for and held by the company. The authorisation reverses  
the authorisation to purchase and divest the company's own shares issued by the 
Extraordinary General Meeting on October 6, 2008.                               

On March 11, 2009 the total number of YIT shares is 127,223,422 and YIT holds   
2,145,000 of its own shares.                                                    

The Board of Directors' proposals can be found attached to this stock exchange  
release.                                                                        


For additional information, please contact:                                     
Antero Saarilahti, Senior Vice President, Administration, +358 20 433 2280,     
antero.saarilahti@yit.fi                                                        
Sakari Ahdekivi, Chief Financial Officer, +358 20 433 2258,                     
sakari.ahdekivi@yit.fi                                                          


YIT CORPORATION                                                                 


Veikko Myllyperkiö                                                              
Senior Vice President, Corporate Communications                                 

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

Attachments:

yit board of directors proposals.pdf