Creditors do not oppose YIT’s partial demerger

STOCK EXCHANGE RELEASE                                JUNE 6, 2013 AT 17.00 P.M.

Creditors do not oppose YIT’s partial demerger

In connection with YIT Corporation’s (“YIT”) partial demerger where YIT’s Building Systems business will be transferred to Caverion Corporation, a public limited liability company to be incorporated in the demerger, the National Board of Patents and Registration of Finland gave a public notice to YIT’s creditors for the execution of the creditor protection procedure on February 22, 2013. None of YIT’s creditors have informed the National Board of Patents and Registration of their opposition to the demerger by the due date for the opposition, June 4, 2013, and there are thus no obstacles to the implementation of the demerger. The demerger shall be resolved by YIT’s extraordinary general meeting on June 17, 2013 and the planned registration date for the implementation of the demerger is June 30, 2013.

The demerger circular relating to Caverion Corporation has been published on June 5, 2013, and it is available on YIT’s website ( www.yitgroup.com ).

For further information, please contact:

 

Timo Lehtinen, CFO, YIT Corporation, tel. +358 45 670 0626, timo.lehtinen@yit.fi

Hanna-Maria Heikkinen, Vice President, Investor Relations, YIT Corporation, tel. +358 40 826 2172, hanna-maria.heikkinen@yit.fi

Janne Tallqvist, Group Treasurer, YIT Corporation, tel. +358 50 512 4913, janne.tallqvist@yit.fi

 

Distribution:

NASDAQ OMX Helsinki
Major media
ww.yitgroup.com

 

YIT Corporation

 

YIT is a leading European service company in building systems, construction services and services for industry. We have 25,000 professionals serving customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. For over one hundred years we have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2012, YIT’s revenue was approximately EUR 4.7 billion. YIT’s shares are listed on the NASDAQ OMX Helsinki. www.yitgroup.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.

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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