YIT - Company Announcement

Final result of YIT Corporation’s voluntary invitation to tender of the floating rate bonds issued by the company

Helsinki, Finland, 2013-05-30 15:00 CEST (GLOBE NEWSWIRE) -- 
YIT CORPORATION   STOCK EXCHANGE RELEASE                    30 May 2013 at
16.00 p.m. 



FINAL RESULT OF YIT CORPORATION'S VOLUNTARY INVITATION TO TENDER OF THE
FLOATING RATE BONDS ISSUED BY THE COMPANY 



The offer period for the voluntary invitation to tender made and disclosed by
YIT Corporation (“YIT”) on 21 May 2013 for the floating rate notes issued by
the company YIT Corporation EUR 50,000,000 Floating Rate Notes due August 2014,
ISIN code FI4000037874 (hereinafter ”Notes due August 2014”) and YIT
Corporation EUR 50 million floating rate bond 1/2007, ISIN code FI0003024216
(hereinafter ”Notes due March 2014”) expired on 29 May 2013. 

According to the final result of the invitation to tender, the percentage share
of the Notes due August 2014 of all the Notes due August 2014 whose holders
have tendered in the invitation to tender, is approximately 0.2 per cent. The
outstanding principal amount of the remaining Notes due August 2014 will after
the settlement date (as specified below) of the invitation to tender thus be
EUR 49,900,000. 

The percentage share of the Notes due March 2014 of all the Notes due March
2014 whose holders have tendered in the invitation to tender, is approximately
42.6 per cent. The outstanding principal amount of the remaining Notes due
March 2014 will after the settlement date (as specified below) of the
invitation to tender thus EUR be 28,700,000. 

YIT will complete the invitation to tender in accordance with its terms and
conditions. YIT reserves the right to re-open the offer period according to the
terms set out in the offer memorandum. 

The sales and purchases to complete the invitation to tender will be executed
on or about the settlement date 24 June 2013. The sales and purchases of both
series of notes will take place as OTC trades outside of public trading in the
Helsinki stock exchange. 

The consideration for each note in respect of the Notes due August 2014 of EUR
100,100 together with any accrued but unpaid interest on such note based on to
the terms of the notes up to the settlement date 24 June 2013 (excluding the
settlement date) and the consideration for each note in respect of the Notes
due March 2014 of EUR 50,050 together with any accrued but unpaid interest on
such note based on the terms of the notes up to the settlement date 24 June
2013 (excluding the settlement date) will be paid to the noteholders who have
accepted the invitation to tender on or about the above mentioned settlement
date, on which date the title to the notes in question will also pass to YIT. 

In addition to the invitation to tender for the Notes due August 2014 and Notes
due March 2014, YIT announced on 21 May 2013 the commencement of an invitation
to tender for the Floating Rate Bonds due September 2016, ISIN code
SE0001826686 (hereinafter ”Notes due September 2016”) issued in Sweden with a
current principal amount of EUR 25,010,000. According to the final result of
the invitation to tender, the percentage share of the Notes due September 2016
of all the Notes due September 2016 whose holders have tendered in the
invitation to tender, is approximately 24.0 per cent. The outstanding principal
amount of the remaining Notes due September 2016 will after the settlement date
24 June 2013 of the invitation to tender thus be EUR 19,007,600.The details
presented above regarding the invitation to tender of Notes due August 2014 and
Notes due March 2014 do not apply to the invitation to tender of the Notes due
September 2016, concerning which a separate offer memorandum has been prepared. 



Helsinki, 30 May 2013

YIT Corporation

Board of Directors

For further information, please contact:

Timo Lehtinen, CFO, YIT Corporation, tel. +358 45 670 0626, timo.lehtinen@yit.fi

Hanna-Maria Heikkinen, Vice President, Investor Relations, YIT Corporation,
tel. +358 40 826 2172, hanna-maria.heikkinen@yit.fi 

Janne Tallqvist, Group Treasurer, YIT Corporation, tel. +358 50 512 4913, 
janne.tallqvist@yit.fi 

Distribution:

NASDAQ OMX Helsinki

Major media

www.yitgroup.com



DISCLAIMER

This announcement is not an offer of securities for sale in any jurisdiction.

No securities are being registered under the US Securities Act of 1933 and may
not be offered or sold in the United States absent registration or an exemption
from registration. No public offering of securities is being made in the United
States. 

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