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 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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