SUBSCRIPTION FOR YIT SHARES BY EXERCISIN

YIT CORPORATION STOCK EXCHANGE ANNOUNCEMENT June 18, 2004 15:30
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SUBSCRIPTION FOR YIT SHARES BY EXERCISING THE 2002 SERIES C SHARE OPTIONS FROM MAY 6 TO JUNE 17, 2004


Through the exercise of the 2002 Series C share options, after the previous entry in the Trade Register on May 6, 2004, a total of 78,060 YIT Corporation shares have been subscribed for by June 17, 2004.

Each Series C share option entitles its holder to subscribe for two YIT Corporation shares having a nominal value of one euro. The subscription price is EUR 6.545 per share.

The increase in the share capital as a consequence of these share subscriptions, EUR 78,060, is to be entered in the Trade Register on June 28, 2004.

YIT CORPORATION



Jaakko Mäkynen Vice President, Finance

For additional information, contact: Jaakko Mäkynen, Vice President, Finance, tel. +358 20 433 2307, jaakko.makynen@yit.fi Marja Salo, Director of Administration, tel. +358 20 433 2470, marja.salo@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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