ILKKA BROTHERUS RE-ELECTED AS CHAIRMAN O

STOCK EXCHANGE RELEASE, MARCH 19, 2003, 09:00


ILKKA BROTHERUS RE-ELECTED AS CHAIRMAN OF YIT’S BOARD OF DIRECTORS


At its organizational meeting on March 19, 2003, YIT Corporation's Board of Directors re-elected Ilkka Brotherus, M.Sc. (Econ.), managing director of Sinituote Oy, as its chairman. Ilkka Brotherus was a member of YIT’s Supervisory Board from 1998 to 2000, a Board member since 2000 and the chairman of the Board since 2002. He is the biggest private shareholder in YIT Corporation.

Eino Halonen, managing director of Suomi Mutual Life Assurance Company, was elected as vice chairman. He has been a member of YIT’s Board of Directors since 2000.

The Board of Directors also includes Reino Hanhinen, Group CEO of YIT Corporation, Asmo Kalpala, CEO of the Tapiola Group, Mikko Kivimäki, president and CEO of Rautaruukki Corporation, and Teuvo Salminen, executive vice president and deputy CEO of Jaakko Pöyry Group Oyj.

For additional information, contact: Group CEO Reino Hanhinen, tel. +358 20 433 2454, reino.hanhinen@yit.fi

YIT CORPORATION



Veikko Myllyperkiö Vice President, Corporate Communications



Distribution: Helsinki Exchanges, principal media, www.yit.fi

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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