SUBSCRIPTION FOR YIT SHARES BY EXERCISIN

YIT CORPORATION STOCK EXCHANGE ANNOUNCEMENT October 31, 2003
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SUBSCRIPTION FOR YIT SHARES BY EXERCISING THE 1998 SHARE OPTIONS


Through the exercise of the 1998 Series A share options, after the previous entry in the Trade Register on August 21, 2003, a total of 85,450 YIT Corporation shares have been subscribed for by October 27, 2003. A total of 199,900 YIT shares have been subscribed for through the exercise of the Series B share options during the same period. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 570,700, was entered in the Trade Register on October 31, 2003.

Following the increase, YIT’s share capital is EUR 60,806,392 and the total number of shares outstanding is 30,403,196. The nominal value of the share is 2 euros.

The new shares confer all shareholder rights as from the date of registration, October 31, 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 November 3, 2003.

By October 27, 2003, a total of 528,130 shares have been subscribed for with the 1998 Series A share options. Max. 71,870 shares can be subscribed for with the remaining Series A share options. A total of 491,381 shares have been subscribed for with the Series B share options. Max. 108,619 shares can be subscribed for with the remaining Series B share options. 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 will be November 28, 2003. Share subscriptions will be received by Conventum Securities Limited.

The objective is that the share subscriptions with the Series A and Series B share options will be entered in the Trade Register as follows:

The subscription Registration at the latest: in the Trade Register: November 28, 2003 December 4, 2003

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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