YIT - Company Announcement

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

YIT CORPORATION     STOCK EXCHANGE RELEASE       March 10, 2010 at 9:00         


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

YIT Corporation is holding its Annual General Meeting today, March 10, 2010, at 
1 p.m. President and CEO Juhani Pitkäkoski will present a review of recent      
events at YIT, including YIT's financial statements for 2009 and future focus   
areas. No essential new information will be published in the review.            

Henrik Ehrnrooth, the chairman of the Board, will present at the AGM in         
conjunction with the authorisation of the Board of Directors to share buyback   
and share issues a new share-based incentive system being prepared by the Board 
of Directors. The objective of the incentive scheme would be to support YIT's   
strategy of profitable growth and supplement the already available incentive    
schemes. The incentive scheme would aim at promoting the employees in determined
work, rewarding their good performance and committing them to long-term         
persistent work. Shares would be handed over to employees during three          
consecutive years based on the results of the previous years, so that a maximum 
of approximately 700,000 shares could be handed over to the employees each year.
Employees included in the scope of the incentive scheme would be obliged to not 
transfer their shares within two years of having obtained them; i.e., during a  
commitment period. The Board would annually decide on the performance criteria  
and the employees included in the scope of the incentive system, and the Board  
would have the right to amend the rewards under all circumstances in a          
reasonable manner. In the case of 2010, the performance criteria would be return
on investment and revenue growth, and the incentive scheme would cover          
approximately 250 employees.                                                    

The complete agenda of the AGM was published on February 4, 2010. The AGM agenda
and the materials of the review of President and CEO Juhani Pitkäkoski are      
available on the YIT website at www.yitgroup.com.                               


YIT CORPORATION                                                                 



Virva Salmivaara                                                                
Senior Vice President, Corporate Communications                                 



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