THE SUPREME COURT GRANTS KIINTEISTÖ OY VILHONKATU 7 LIMITED LEAVE TO APPEAL THE RULING

STOCK EXCHANGE RELEASE  NOVEMBER 24, 2006   16:15  

THE SUPREME COURT GRANTS KIINTEISTÖ OY VILHONKATU 7 LIMITED LEAVE TO APPEAL THE RULING OF THE HELSINKI COURT OF APPEAL ON THE REFURBISHING OF VILHONKATU 7 IN 1999

In its ruling on November 17, 2006, the Supreme Court has granted Kiinteistö Oy Vilhonkatu 7 limited leave to appeal the ruling of the Helsinki Court of Appeal on the refurbishing of Vilhonkatu 7 in 1999.

In its ruling on February 14, 2006, the Helsinki Court of Appeal ordered Kiinteistö Oy Vilhonkatu 7 to pay compensation to YIT for the conversion and additional works involved in the refurbishing of SOK’s former head office property in 1999 as well as the costs caused by the lengthening of the duration of the contract, with interest, and trial costs.

On the basis of the ruling by the Helsinki Court of Appeal, SOK paid EUR 11.1 million to YIT on February 15, 2006. The amount will not be recognized in the result until a final ruling is made.

YIT’s previous stock exchange release on this matter was published on April 18, 2006.



For additional information, contact:

Ilpo Jalasjoki, President, YIT Construction Ltd, tel. +358 20 433 2692 Sakari Toikkanen, Executive Vice President, YIT Corporation, tel. +358 20 433 2336

YIT CORPORATION



Veikko Myllyperkiö Vice President, Corporate Communications



Distribution: Helsinki Stock Exchange, principal media, www.yitgroup.com

About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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