YIT - Company Announcement

THE CENTRAL EUROPEAN BUSINESS OPERATIONS OF CAVERION WERE TRANSFERRED TO YIT

YIT CORPORATION      STOCK EXCHANGE RELEASE   SEPTEMBER 1, 2010 AT 08:00        


THE CENTRAL EUROPEAN BUSINESS OPERATIONS OF CAVERION WERE TRANSFERRED TO YIT    

YIT Corporation and the owners of Caverion GmbH have agreed on June 23, 2010    
that YIT will acquire the entire business operations of Caverion GmbH, a company
providing building system services in Central Europe. The completion of the     
transaction was subject to approval by competition authorities. All the terms   
and conditions of the transaction were fulfilled on August 31, 2010, and the    
business operations were transferred to YIT on the same day.                    

The price of Caverion's shares totals EUR 73 million. The company's revenue in  
2009 was EUR 440 million and its operating profit amounted to EUR 10.9 million. 
With the acquisition, 2,000 employees are transferred to YIT's employment. In   
2009, YIT's revenue in Central Europe (Germany, Austria, Poland, Czech Republic,
Hungary and Romania) was EUR 375 million and number of employees 2,160.         

The acquisition strengthens YIT's local presence and extends its competences,   
allowing the company to better serve its customers. In particular, service to   
industrial customers and expertise in air conditioning technology will be       
improved. In order to provide extensive services and develop business efficiency
and profitability YIT will collect the business operations of each country into 
one company.                                                                    

The transaction will increase the share of building systems services of the     
business operations of YIT Group. The Group's revenue from Central Europe will  
double, and YIT will become the second largest provider of building system      
services in Germany. YIT aims to develop its operations in Central Europe and   
become the market leader in Germany.                                            


YIT CORPORATION                                                                 

Virva Salmivaara           
Senior Vice President, Corporate Communications                                 


For further information, please contact:                                        
Arne Malonaes, Head of the Building and Industrial Services segment, tel.  +47  
90 69 31 86, arne.malonas@yit.no                                                
Sakari Toikkanen, Executive Vice President, Business Development, +358 40 532   
2174, sakari.toikkanen@yit.fi                                                   
Hanna-Maria Heikkinen, Vice President, Investor Relations, +358 40 826 2172,    
hanna-maria.heikkinen@yit.fi                                                    


YIT is a leading European service company in building systems, construction     
services and services for industry, with operations in the Nordic countries,    
Russia, the Baltic countries and Central Europe. In 2009, YIT's revenue amounted
to EUR 3.5 billion and operating profit EUR 166 million. The largest segment of 
YIT is Building and Industrial Services, providing services in all countries    
where YIT operates. In 2009, the segment's revenue amounted to EUR 2,215 million
and operating profit to EUR 119 million. After the acquisition the Group employs
more than 25,500 people. YIT's share is listed on NASDAQ OMX Helsinki. For      
additional information, please contact: www.yitgroup.com