YIT - Company Announcement

YIT COMPLETES DIVESTMENT OF SHARES IN GERMAN COMPANY AGO AG

Helsinki, 2011-06-30 16:00 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION            
 STOCK EXCHANGE RELEASE                   JUNE 30, 2011 AT 5:00 P.M. 


YIT COMPLETES DIVESTMENT OF SHARES IN GERMAN COMPANY AGO AG

YIT completed the sale of the shares in the German company AGO AG to Perseus
L.L.C. The transaction became effective on June 30, 2011 at which date the
ownership of shares was transferred to Perseus. The transaction has no material
impact on the cash flow or result of YIT. 

YIT acquired the shares in AGO AG in connection with the acquisition of
caverion, completed at the beginning of September 2010. With the transaction
now completed, YIT sold its 59.25 per cent holding in AGO AG. Completion of the
transaction was subject to the approval of the German competition authorities,
which was obtained on June 27, 2011. 

YIT announced the sale of the shares in AGO AG in its Stock Exchange Release
dated May 30, 2011. 


For additional information, please contact:

Sakari Toikkanen, Senior Vice President, Business Development, YIT Corporation,
tel. +358 20 433 2336, sakari.toikkanen@yit.fi 
Hanna-Maria Heikkinen, Vice President, Investor Relations, YIT Corporation,
tel. +358 20 433 2635, hanna-maria.heikkinen@yit.fi 



YIT CORPORATION

Hanna-Maria Heikkinen
Vice President, Investor Relations


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

YIT is a leading European service company in building systems, construction
services and services for industry. We build, develop and maintain quality
living environments in the Nordic countries, Central Europe, Russia and the
Baltic countries. In 2010, YIT's turnover was EUR 3.8 billion. The Group has
nearly 26,000 employees. YIT's shares are listed on NASDAQ OMX Helsinki.
www.yitgroup.com