SUBSCRIPTION FOR YIT SHARES BY EXERCISIN

YIT CORPORATION STOCK EXCHANGE ANNOUNCEMENT December 4, 2003
09:30     1 (1)


SUBSCRIPTION FOR YIT SHARES BY EXERCISING THE 1998 SHARE OPTIONS ENDED


Through the exercise of the 1998 Series A share options, after the previous entry in the Trade Register on October 31, 2003, a total of 46,750 YIT Corporation shares were subscribed for by November 28, 2003. A total of 73,429 YIT shares were subscribed for through the exercise of the Series B share options during the same period.
In accordance with the terms and conditions of the share option programme, the last subscription day for both the Series A and Series B share options was November 28, 2003.

The increase in the share capital as a consequence of the share subscriptions during the period October 31 - November 28, 2003, totalling EUR 240,358, was entered in the Trade Register on December 4, 2003. Following the increase, YIT’s share capital is EUR 61,046,750 and the total number of shares outstanding is 30,523,375. The nominal value of the share is 2 euros.

The new shares confer all shareholder rights as from the date of registration, December 4, 2003, and they will be accepted for public trading on Helsinki Exchanges together with the existing shares. The objective is that trading in the shares will commence on December 5, 2003.

A total of 574,880 YIT shares were subscribed for with the Series A share options during the subscription period stipulated in the terms and conditions of the share option programme (i.e. from March 20, 2001 to November 28, 2003). A total of 600,000 share options were granted in the programme. The remaining 25,120 A share options are of no value. A total of 564,810 shares have been subscribed for with the Series B share options during the subscription period from October 15, 2002 to November 28, 2003. A total of 600,000 share options were granted in the option programme. The remaining 35,190 B share options are of no value.

YIT CORPORATION



Veikko Myllyperkiö Vice President, Corporate Communications

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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