YIT - Company Announcement

Caverion Corporation's listing application approved

YIT CORPORATION   STOCK EXCHANGE RELEASE        June 18, 2013 at 1:15 P.M.


CAVERION CORPORATION'S LISTING APPLICATION APPROVED


YIT Corporation (”YIT”) submitted on June 17, 2013 an application to NASDAQ OMX
Helsinki Ltd (“Helsinki Stock Exchange”) on the listing of its shares in public
trading on the official list of the Helsinki Stock Exchange on behalf of
Caverion Corporation (“Caverion”), a company to be established in the partial
demerger of YIT. 

Helsinki Stock Exchange has on June 18, 2013 approved the listing application
of Caverion's shares. Trading in Caverion's shares on the official list of the
Helsinki Stock Exchange begins on 1 July 2013. The number of shares subject to
public trading is expected to be 125,598,591. 

The Extraordinary General Meeting of YIT decided on June 17, 2013 that YIT will
demerge through a partial demerger so that all of the assets, liabilities and
responsibilities related to YIT's Building Systems business are transferred to
a company to be established in the demerger named Caverion Corporation. YIT's
Construction Services business will remain with YIT. YIT's shareholders shall
receive as demerger consideration one (1) share in Caverion for each share
owned in YIT. No demerger consideration shall be issued on any treasury shares
held by YIT. The shares will be entered in the book-entry accounts of the
shareholders on or about June 30, 2013. 

Friday June 28, 2013 is the last trading day on which the right to the demergerconsideration is included in YIT's share and its price. From Monday July 1,
2013 onwards Caverion's share is traded as a separate share class. In a
situation where a shareholder of YIT has sold his/her shares, but the
transaction has not been cleared prior to the effective date of the demerger
(June 30, 2013), the right to the demerger consideration is transferred to the
purchaser of the YIT share in accordance with the general market practice, and
the demerger consideration will be transferred on the book-entry account of the
purchaser together with the purchased YIT shares after the transaction has been
cleared. The normal settlement period for stock exchange trades is three
banking days. 

The registration document according to the Finnish Securities Markets Act,
which includes information on Caverion and its business and financial position,
as well as the securities note and summary (together with the registration
document the “Prospectus”) related to the partial demerger disclosed by YIT on
February 5, 2013 and the shares to be given as demerger consideration in
connection with the partial demerger, have been available as of June 5, 2013 on
YIT's website at www.yit.fi/sijoittajat. The unofficial English translation of
the Prospectus has been available as of June 5, 2013 on YIT's website at
www.yitgroup.com/investors. 

For further information, please contact:
Jonne Heino, Corporate General Counsel, tel. +358 20 43 32469,
jonne.heino@yit.fi 


YIT CORPORATION


Distribution:

NASDAQ OMX Helsinki,
Major media,
www.yitgroup.com,
www.caverion.com



DISCLAIMER

This release includes forward-looking statements. These forward-looking
statements include, but are not limited to, all statements other than
statements of historical facts contained in this communication, including,
without limitation, those regarding the demerger plan and its execution. By
their nature, forward looking statements involve known and unknown risks,
uncertainties and other factors because they relate to events and depend on
circumstances that may or may not occur in the future. Such statements are
based on numerous assumptions and may differ materially from (and be
significantly more negative than) those made in, or suggested by, the
forward-looking statements contained in this release.