2018-02-20 07:30:00 CET

2018-02-20 07:30:08 CET


REGULATED INFORMATION

English
YIT - Other information disclosed according to the rules of the Exchange

YIT has cancelled the bridge financing agreement related to the merger


YIT Corporation Stock exchange release February 20, 2018 at 08:30 a.m.
In connection with the planning of the merger of YIT and Lemminkäinen, YIT
agreed on bridge financing agreement which has been available since the
execution of the merger on February 1, 2018. YIT has now evaluated its liquidity
position and financial structure, and come to the conclusion that this EUR 240
million financing facility is no longer needed. The company has cancelled the
facility on February 20, 2018.

The company’s remaining EUR 300 million committed revolving credit facility is
currently undrawn.

YIT sent the stock exchange release regarding the financial arrangements on
February 1, 2018.
For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358
40 5666 070, hanna.jaakkola@yit.fi
Ilkka Salonen, CFO, YIT Corporation, tel. +358 40 570 1313, ilkka.salonen@yit.fi

YIT CORPORATION

Hanna Jaakkola
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media,
www.yitgroup.com (https://www.yitgroup.com/en)

YIT is the largest Finnish and significant North European construction company.
We develop and build apartments, business premises and entire areas. We are also
specialised in demanding infrastructure construction and paving.  Together with
our customers our 10,000 professionals are creating more functional, more
attractive and more sustainable cities and environments. We work in 11
countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic,
Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation
and Lemminkäinen Corporation merged on February 1, 2018. Our combined annual
revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on
Nasdaq Helsinki Oy. www.yitgroup.com (https://www.yitgroup.com/en)