YIT - Notice to general meeting

INVITATION TO YIT CORPORATION'S ANNUAL GENERAL MEETING

YIT CORPORATION   ANNUAL GENERAL MEETING   FEBRUARY 6, 2009 at 08:10            


INVITATION TO YIT CORPORATION'S ANNUAL GENERAL MEETING                          

The shareholders of YIT Corporation are invited to attend the Annual General    
Meeting to be held on Wednesday, March 11, 2009, starting at 1:00 pm (Finnish   
time) in Finlandia Hall, Conference Wing, Hall A, address: Mannerheimintie 13 e,
00100 Helsinki, Finland (entrances M1 and K1).                                  

The check-in of those who have signed up for the meeting, distribution of       
ballots and serving of coffee will start at 12:00 pm (Finnish time).            

Matters to be considered at the meeting                                         

1. The matters specified as being the business of Annual General Meetings in    
Article 9 of the Articles of Association.                                       

The agenda is available on the company's Internet site at                       
www.yitgroup.com/agm2009.                                                       
 1.1. Dividend payout                                                           
The Board of Directors proposes to the Annual General Meeting that it decide on 
the payment of a dividend of EUR 0.50 per share and that the right to a dividend
rests with a shareholder who, by the record date of March 16, 2009, has been    
entered as a shareholder in the company's shareholder register that is kept by  
Finnish Central Securities Depository Ltd. The Board of Directors proposes that 
the dividend be paid on April 2, 2009.                                          

1.2. Board of Directors                                                         
The nomination and rewards committee of the Board of Directors proposes  that   
the Chairman, Vice Chairman and 5 ordinary members of the Board of Directors be 
elected, namely Henrik Ehrnrooth as Chairman, Eino Halonen as Vice Chairman and 
Kim Gran, Reino Hanhinen, Antti Herlin, Satu Huber and Lauri Ratia as members.  
In addition, it will be proposed that the Board of Directors' meeting fees be   
kept unchanged, i.e. that the following fees be paid to the Board of Directors: 
Chairman EUR 6,000/month (EUR 72,000/year), Vice Chairman EUR 4,500/month (EUR  
54,000/year), member EUR 3,500/month (EUR 42,000/year) plus a meeting fee of EUR
500 for each meeting. Also, it will be proposed that similarly EUR 500 be paid  
to the members of the committees of the Board of Directors for each committee   
meeting. Per diems for trips in Finland and abroad will be proposed to be paid  
in accordance with the State's travelling compensation regulations.             

1.3. Auditor                                                                    
The Audit Committee of the Board of Directors proposes that                     
PricewaterhouseCoopers Oy, Authorised Public Accountants, be elected as the     
company's auditor.                                                              

2. Authorising the Board of Directors to decide on share buyback and on the     
disposal of treasury shares                                                     

2.1. The Board of Directors' proposal that the Annual General Meeting authorise 
the Board of Directors to decide on the purchase of company shares using the    
company's unrestricted equity under the following terms and conditions          

2.1.1. A maximum of 10,100,000 company shares may be purchased..                

2.1.2. The shares will be purchased in disproportion to shareholders' holdings. 
They will be purchased in public trading on NASDAQ OMX Helsinki Oy.             

2.1.3. The shares will be purchased at their market value in public trading on  
NASDAQ OMX Helsinki Oy at the time of purchase.                                 

2.1.4. The share buyback will decrease the company's distributable unrestricted 
equity.                                                                         

The Board of Directors proposes that the authorisation reverses the             
authorisation to purchase the company's own shares issued by the Extraordinary  
General Meeting on October 6, 2008.                                             

The Board of Directors proposes that the authorisation be valid until the       
conclusion of the next Annual General Meeting.                                  

2.2. The Board of Directors' proposal that the Annual General Meeting authorise 
the Board of Directors to decide on the disposal of treasury shares             

2.2.1. The maximum number of shares that can be disposed of under the           
authorisation is 12,700,000 of the shares bought back for and held by the       
company.                                                                        

2.2.2. The Board of Directors will be authorized to decide whom the shares will 
be transferred to, and in which order. The Board of Directors may decide to     
dispose of the company's own shares as a directed issue in derogation from      
shareholders' pre-emptive right.	                                               

2.2.3. The Board of Directors will be authorised to decide on the disposal and  
all of the terms and conditions of the disposal regardless of the purpose for   
which the treasury shares were originally purchased.                            

The Board of Directors proposes that the authorisation reverses the             
authorisation to divest the company's own shares issued by the Extraordinary    
General Meeting on October 6, 2008.                   

The Board of Directors proposes that the authorisation be valid until the       
conclusion of the next Annual General Meeting.                                  

Annual General Meeting documents                                                

Financial statements data for 2008 will be available for inspection by          
shareholders for a week prior to the meeting at the company's head office,      
located at Panuntie 11, Helsinki, Finland, and on the Company's Internet site   
www.yit.fi. Printed copies of the company's Annual Report for 2008 will be      
mailed upon request. The Annual Report will be available on the Company's       
Internet site as from the week starting February 16, 2008.                      

Participation right                                                             

In order to have the right to participate in the Annual General Meeting, the    
shareholder must be registered in the company's shareholder register, which is  
maintained by Finnish Central Securities Depository Ltd, by no later than       
February 27, 2009.                                                              
A shareholder whose shares are nominee registered and who wishes to participate 
in the Annual General Meeting and use his right of vote, must temporarily       
register in the shareholder register by no later than February 27, 2009.        

Notification                                                                    

Shareholders must register for the meeting by no later than March 4, 2009, using
one of the following methods:                                                   
1) On YIT Corporation's Internet site www.yitgroup.com/agm2009 following the    
instructions therein                                                            
2) By sending a telefax to +358 20 433 2077                                     
3) By telephoning Marja Salo, +358 20 433 2470 or                               
Pirkko Pesonen, +358 20 433                                           
2453                                                                            
4) By sending a letter to YIT Corporation, Marja Salo, P.O. Box 36, FI-00621    
Helsinki, Finland.                                                              

When the shareholder registers for the meeting through the Internet or by       
telephone, letter or telefax, the message must reach the company prior to the   
end of the registration period on March 4, 2009 at 4:00 pm.                     

It is requested that the company be notified of any proxies at that time and    
that any proxies be sent to YIT Corporation, Marja Salo, P.O. Box 36, FI-00621  
Helsinki, Finland, before the expiry of the registration period.                

Helsinki, February 5, 2009                                                      

YIT Corporation                                                                 
Board of Directors                                                              



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

Attachments:

yit board of directors proposals.pdf

yit agm agenda.pdf