NOTIFICATION ON A CHANGE IN HOLDINGS REF

YIT CORPORATION STOCK EXCHANGE ANNOUNCEMENT JUNE 23, 2004 14:00
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NOTIFICATION ON A CHANGE IN HOLDINGS REFERRING TO CHAPTER 2, SECTION 9, OF THE FINNISH SECURITIES MARKETS ACT

YIT Corporation has today received from the Tapiola Group a notification, pursuant to the Finnish Securities Markets Act, Chapter 2, Section 9, according to which the holding of shares by the Tapiola Group in YIT Corporation has fallen below one twentieth (1/20) of YIT Corporation’s share capital and voting rights.

When applying the regulations concerning the obligation to disclose holdings, Tapiola General Mutual Insurance Company, Tapiola Mutual Life Assurance Company and Tapiola Corporate Life Insurance Company Ltd form an entity, whose holdings of voting rights and share capital, as well as holdings of the mutual funds administrated by Tapiola Fund Management Company Ltd, are combined.

1. The issuing company: YIT Corporation

2. Date on which the change in holdings took place: June 22, 2004

3. Proportion of voting rights and share capital in the company: Proportion of voting rights 4.98% and proportion of share capital 4.98%

4. Shareholders and distribution of holdings:

Shareholder Business Number of Proportion ID shares of share capital and voting rights Tapiola General Mutual Insurance Company 211034-2 2,092,160 3.43% Tapiola Mutual Life Assurance Company 201319-8 740,250 1.21% Tapiola Corporate Life Insurance Company Ltd 725671-1 204,980 0.34% Total 3,037,390 4.98%

YIT Corporation’s fully paid-in share capital, which is entered in the Trade Register on May 6, 2004, is EUR 61,081,880, which is divided into 61,081,880 shares. The company has one series of shares and each share carries one vote.
YIT CORPORATION

Esko Mäkelä Executive Vice President

For additional information, contact: Esko Mäkelä, Executive Vice President, tel. +358 20 433 2258, esko.makela@yit.fi

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

About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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