YIT acquired a plot in Warsaw, Poland

YIT Corporation Press Release October 20, 2016 at 9:00 a.m.

YIT acquired a plot for an area development project in Warsaw, Poland. The acquired plot is located in Warsaw’s Białołęka district in the north eastern part of the city. The project consists of over 400 apartments and will be executed in 4 stages. Construction of the first phase is estimated to start in the fourth quarter of 2017. The plot is on an area of alteration of use and it is approximately 30,000 square metres.

The plot acquisition supports YIT’s strategic target to grow business in the CEE countries. YIT started its operations in Poland in autumn 2015 to tap into the opportunities provided by one of Europe’s biggest residential markets. In spring 2016 YIT started construction and sale of its first residential project in Warsaw consisting of 125 apartments.

For further information, please contact:

Tomasz Konarski, Managing Director, YIT Development, tel. +48 606 504 403, tomasz.konarski@yit.pl

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi

YIT creates sustainable cities and better living environment by developing and constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com

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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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