YIT - Decisions of general meeting

RESOLUTIONS PASSED AT YIT CORPORATION'S ANNUAL GENERAL MEETING

Helsinki, 2011-03-11 11:45 CET (GLOBE NEWSWIRE) -- YIT CORPORATION        STOCK
EXCHANGE RELEASE     March 11, 2011 at 12:45 



RESOLUTIONS PASSED AT YIT CORPORATION'S ANNUAL GENERAL MEETING

YIT Corporation's Annual General Meeting, which was held today on March 11,
2011, adopted the 2010 financial statements and discharged the members of the
Board of Directors and the President and CEO from liability. The Annual General
Meeting decided on the payment of dividends, the composition of the Board of
Directors and their fees, the election of the auditor and his fee, the
authorisation of the Board of Directors to share buyback and the amendment of
the Company's Articles of Association. 

Dividend payout

It was decided that a dividend of EUR 0.65 will be paid per share, or a total
of EUR 81.3 million, and that the rest of the profit be carried forward to
distributable equity as proposed by the Board of Directors. No dividend will be
paid for the treasury shares. The right to a dividend rests with a shareholder
who, by the record date of March 16, 2011, has been entered as a shareholder in
the company's shareholder register that is maintained by Euroclear Finland Ltd.
It was decided that the dividend will be paid on April 7, 2011. 

Composition of the Board of Directors and their fees

The Annual General Meeting resolved to elect a Chairman, Vice Chairman and five
ordinary members to the Board of Directors, namely: Henrik Ehrnrooth as
Chairman, Reino Hanhinen as Vice Chairman and Kim Gran, Eino Halonen, Antti
Herlin, Satu Huber and Michael Rosenlew as members. 

The Annual General Meeting decided that the following fees be paid to the Board
of Directors: to the Chairman EUR 6,600/month (EUR 79,200/year), to the Vice
Chairman EUR 5,000/month (EUR 60,000/year), to a member EUR 3,900/month (EUR
46,800/year) and a meeting fee of EUR 550 per meeting. In addition, similarly
EUR 550 will be paid to the members of the committees of the Board of Directors
for each committee meeting. Per diems are paid for trips in Finland and abroad
in accordance with the State's travelling compensation regulations. 

Election of the auditor and his fee

PricewaterhouseCoopers Oy, Authorized Public Accountants, was elected as the
company's auditor, with Heikki Lassila, Authorized Public Accountant, as chief
auditor. The auditor's fees will be paid against the invoices approved by the
company. 

Share buyback

The Annual General Meeting authorised the Board of Directors to decide on the
purchase of company shares as proposed by the Board of Directors. The
authorisation covers the purchasing of a maximum of 10,500,000 company shares
using the company's unrestricted equity. The authorisation is valid until March
31, 2012. 

The authorisation reverses the authorisation to purchase the company's own
shares issued by the Annual General Meeting on March 10, 2010. 

Amendment of the Company's Articles of Association

The Annual General Meeting decided to amend the Company's Articles of
Association as proposed by the Board of Directors. The key contents of the
amendment are as follows: the term “network services” was removed from the
Company's line of business, the issues handled in the General Meeting were
revised, the age limit concerning people appointed to the Board of Directors
was lifted, the provision concerning the notice of the general meeting of
shareholders was amended so that the notice is published on the Company
website. 

Other information

On March 11, 2011 the total number of YIT shares is 127,223,422 and YIT holds
2,145,000 of its own shares. 

The minutes of the Annual General Meeting will be available on the Internet at
the company website www.yitgroup.com by March 25, 2011. 

For additional information, please contact:
Antero Saarilahti, Senior Vice President, Administration, +358 20 433 2280,
antero.saarilahti@yit.fi 



YIT CORPORATION



Virva Salmivaara
Senior Vice President, Corporate Communications



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



YIT is a successful European service company in building systems, construction
services and services for industry. We build, develop and maintain quality
living environments in Nordic countries, Central Europe, Russia and Baltic
countries. In 2010, YIT's revenue amounted to EUR 3.8 billion. The Group
employs nearly 26,000 people. YIT's share is listed on NASDAQ OMX Helsinki.
www.yitgroup.com