PROPOSAL ON THE COMPOSITION OF YIT'S BOA

STOCK EXCHANGE RELEASE  MARCH 11, 2003  15:30


PROPOSAL ON THE COMPOSITION OF YIT'S BOARD OF DIRECTORS


It will be proposed to YIT Corporation's Annual General Meeting on March 13, 2003, that the number of members of the Board of Directors be set at six.

Shareholders representing over 20% of all of the company's votes have announced that, at the Annual General Meeting, they will table a motion for setting the number of Board members at six. The same parties have proposed that the following persons, all of whom have given their consent, be elected to seats on the Board: Ilkka Brotherus, managing director of Sinituote Oy, Eino Halonen, managing director of Suomi Mutual Life Assurance Company, 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. All the aforementioned persons are currently members of YIT Corporation's Board of Directors.

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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