REINO HANHINEN TO CONTINUE AS CHAIRMAN OF YIT?S BOARD OF DIRECTORS

YIT CORPORATION STOCK EXCHANGE RELEASE, MARCH 14, 2006, 11:00


REINO HANHINEN TO CONTINUE AS CHAIRMAN OF YIT’S BOARD OF DIRECTORS


At its organizational meeting on March 14, 2006, YIT Corporation's Board of Directors re-elected Reino Hanhinen, M.Sc. (Eng.), as its chairman. Hanhinen was managing director of YIT Corporation from 1987 to 2005. He has been a member of YIT’s Board of Directors since 1988 and chairman of the Board from 1989 to 2000 and since beginning of 2006. Eino Halonen, M.Sc. (Econ.), managing director of Suomi Mutual Life Assurance Company, was elected as vice chairman. Halonen has been a member of YIT’s Board of Directors since 2000 and the vice chairman of the Board from 2003 to 2005.

The Board of Directors also includes Sari Baldauf, M.Sc. (Econ.), Antti Herlin, chairman of Kone Corporation’s Board of Directors and Teuvo Salminen, deputy CEO of Jaakko Pöyry Group Oyj.

Eino Halonen was elected as chairman and Teuvo Salminen and Reino Hanhinen as members of the Audit Committee. It is the task of the Audit Committee to assist the Board of Directors in the supervision of the YIT Group’s reporting and accounting processes.

For additional information, contact: Group CEO Hannu Leinonen, tel. +358 20 433 3301, hannu.leinonen@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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