YIT signed a EUR 200 million revolving credit facility

YIT Corporation Stock Exchange Release October 25, 2016 at 15:30 p.m.

YIT has signed a new EUR 200 million syndicated unsecured revolving credit facility with its core banks to refinance the syndicated EUR 300 million unsecured revolving credit facility maturing 2018.

The committed credit facility matures on January 2, 2020 and has two financial covenants: equity ratio (IFRS) must be above 25.0% and gearing (IFRS) must be below 150.0%. The facility will be used as a reserve for general corporate purposes and the size of the new facility is regarded as sufficient for this purpose.

The parties participating in the syndication of the facility are Handelsbanken, Danske Bank, Lähitapiola, OP Corporate Bank, SEB and Swedbank. OP Corporate Bank acted as the co-ordinator for the facility.

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, +358 040 5666 070, hanna.jaakkola@yit.fi

Jukka Kalliomäki, Vice President, Group Treasurer, YIT Corporation, +358 50 313 3228, jukka.kalliomaki@yit.fi


Hanna Jaakkola

Vice President, Investor Relations

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com

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 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

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