CONVEYANCE OF YIT CORPORATION'S OWN SHARES UNDER YIT'S SHARE OWNERSHIP PLAN

STOCK EXCHANGE RELEASE        APR 29, 2011 AT 8:01 A.M.


CONVEYANCE OF YIT CORPORATION’S OWN SHARES UNDER YIT’S SHARE OWNERSHIP PLAN

The Board of Directors of YIT Corporation has on April 28, 2011 decided on a directed share issue for the reward payment from the 2010 earning period under the Share Ownership Plan 2010-2016.

In the share issue, 196,910 YIT Corporation shares will be issued and conveyed without consideration to the key persons participating in the Share Ownership Plan according to the terms and conditions of the plan.

YIT Corporation's Board of Directors decided on March 10, 2010, to implement a share-based incentive scheme to support the company's strategy of profitable growth and supplement the existing incentive schemes. Rewards will be paid to 243 people belonging to the company's management and personnel for the 2010 earning period. The terms of the Share Ownership Plan were disclosed in more detail in a stock exchange release published on March 10, 2010.

The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on March 10, 2010.

After the directed share issue, the company holds 1,948,090 own shares.

 

For additional information, please contact:

Antero Saarilahti, Senior Vice President, Administration, YIT Corporation, tel. +358 20 433 2280

 

YIT Corporation

Hanna-Maria Heikkinen
Vice President, Investor Relations


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

 

About Us

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com

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