YIT started the construction of residential projects worth approximately EUR 45 million in the capital region and in Jyväskylä, Finland

YIT Corporation Investor News January 8, 2018 at 2:30 p.m.

YIT has started the construction of residential projects in Espoo, Vantaa and Jyväskylä, Finland. The start-ups were recorded in the last quarter on 2017.

The construction of a project called Vantaan Loiste was started in Vantaa. The project comprises of approximately 70 apartments and its value is almost EUR 20 million. The project will be completed in summer 2019. Loiste is located in Tikkurila in Valon kortteli city block where special attention has be given to lighting of the buildings and yards.

In Espoo, YIT starts the construction of a project called Espoon Kummelivuorentie. The project comprises of approximately 60 apartments and its value is almost EUR 15 million. The project will be completed in summer 2019. Espoon Kummelivuorentie is located nearby sea in Saunalahti, with good transportation connections close to services and outdoor recreation areas.

In addition, YIT started the construction of a project called Jyväskylän Suvivalssi in Jyväskylä. The project comprises of approximately 40 apartments, and its value is approximately EUR 10 million. The project will be completed in the end of January 2019. YIT has started the development of Lutakko area already in 1995 and over 1,100 apartments have been completed in the area already.

More information about the projects Vantaan Loiste, Espoon Kummelivuorentie and Jyväskylän Suvivalssi is available at YIT Homes website (in Finnish).

For further information, please contact:

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

Antti Inkilä, Head of Housing Finland and CEE segment, YIT Corporation, tel. +358 40 864 4358, antti.inkila@yit.fi

YIT CORPORATION

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 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

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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