YIT IS PAID ABOUT EUR 11 MILLION IN COMPENSATION FOR THE REFURBISHING OF VILHONKATU 7 IN 1999

STOCK EXCHANGE RELEASE    FEB. 14, 2006 at
15:15  1(1)

YIT IS PAID ABOUT EUR 11 MILLION IN COMPENSATION FOR THE REFURBISHING OF VILHONKATU 7 IN 1999

In its ruling, announced today, the Helsinki Court of Appeal has ordered Kiinteistö Oy Vilhonkatu 7 to pay a total of about EUR 11 million in compensation to the YIT Group for the conversion and additional works involved in the refurbishing of SOK’s former head office building in 1999 as well as the costs caused by the lengthening of the duration of the contract, with interest, and trial costs. The ruling will become legally valid in 60 days unless leave to appeal to the Supreme Court has not been sought by that time. The effect of the legally valid ruling on YIT’s earnings amounts to about EUR 11 million before taxes.

YIT has previously released a stock exchange release on the ruling of the Helsinki District Court in this case on February 24, 2003.



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 Esko Mäkelä, Executive Vice President, Investor Relations, YIT Corporation, tel. +358 20 433 2258

YIT Corporation



Veikko Myllyperkiö Vice President, Corporate Communications



Distribution: Helsinki Stock Exchange, principal media, www.yit.fi



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

Subscribe