YIT - Company Announcement

Review by the President and CEO and share-based incentive scheme discussed at the Annual General Meeting of YIT Corporation

Helsinki, 2014-03-18 08:00 CET (GLOBE NEWSWIRE) -- YIT CORPORATION             
     STOCK EXCHANGE RELEASE              MARCH 18, 2014 AT 9:00 A.M. 



REVIEW BY THE PRESIDENT AND CEO AND SHARE-BASED INCENTIVE SCHEME DISCUSSED AT
THE ANNUAL GENERAL MEETING OF YIT CORPORATION 

YIT Corporation is holding its Annual General Meeting today, March 18, 2014 at
10:00 a.m. The President and CEO Kari Kauniskangas will present a review of
YIT's Financial Statements for 2013 as well as the outlook for the present
year. President and CEO Kauniskangas will briefly comment on the current market
environment and the effects of the ongoing situation in Ukraine on YIT's
business. So far, the crisis has not had a negative effect on YIT's residential
sales in Russia but it is apparent that if the crisis continues it will affect
YIT's business operations. No essential new information will be published in
the review. 

Henrik Ehrnrooth, the chairman of the Board, will present at the AGM a new
share-based incentive scheme being prepared by the Board of Directors, where
earning periods are the years 2014, 2015 and 2016. The planned incentive scheme
would cover approximately 200 key persons annually. Any bonus would be
determined on the basis of the Group's financial performance which would be
measured based on indicators decided annually by the Board of Directors of YIT
Corporation. 

The complete agenda of the Annual General Meeting was published on February 6,
2014. The Annual General Meeting agenda and the presentation material of the
review of the President and CEO Kari Kauniskangas are available on the YIT
website at www.yitgroup.com. 



YIT CORPORATION



Sanna Kaje
Vice President, Investor Relations



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



YIT is a construction industry leader. We create better living environments in
Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over
100 years of experience have secured for us a strong market position: We are
the largest housing developer and one of the largest business premises and
infrastructure developers in Finland, and the most significant foreign housing
and area developer in Russia.  Our vision is to stay one step ahead - while
caring for our customers, partners and personnel. We have more than 6,000
employees in seven countries. In 2013, our revenue amounted to nearly EUR 1.9
billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com