Caverion Oyj - Company Announcement

Caverion Corporation's listing application submitted to NASDAQ OMX Helsinki

YIT CORPORATION          STOCK EXCHANGE RELEASE              JUNE 17, 2013 at   
4:15 P.M.                                                                       

CAVERION CORPORATION'S LISTING APPLICATION SUBMITTED TO NASDAQ OMX HELSINKI     


YIT Corporation (”YIT”) has today submitted 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. Trading in the shares on the official list of the Helsinki     
Stock Exchange is estimated to begin on July 1, 2013. The number of shares is   
expected to be 125,598,591.                                                     

The Extraordinary General Meeting of YIT decided today, 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.                         

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 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.