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A NOMINATION AND REWARDS COMMITTEE FOR THE YIT CORPORATION BOARD OF DIRECTORS

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STOCK EXCHANGE RELEASE   29 OCT 2008 at 08:05                 


 A NOMINATION AND REWARDS COMMITTEE FOR THE YIT CORPORATION BOARD OF DIRECTORS   

In a meeting held on 28 October 2008, the Board of Directors of the YIT          Corporation has decided to form a nomination and rewards committee as a new      committee for the Board of Directors. From the Board of Directors, Reino         Hanhinen was appointed as the chairman and Eino Halonen and Antti Herlin as      members of the nomination and rewards committee. The purpose of the nomination   and rewards committee is to assist the Board of Directors in the nomination and  rewarding of key personnel within the YIT Group, as well as in other issues      related to the development of HR policies. The committee will also prepare       proposals for the General Meeting on the appointment of members for the Board of Director as well as on their rewarding.                                         

The Board of Directors already has an Audit Committee with Eino Halonen as       Chairman and Teuvo Salminen and Reino Hanhinen as members. The purpose of the    Audit Committee is to assist the Board of Directors in the auditing of the       reporting and calculation processes of the YIT Group.                           

For additional information, please contact:                                      Hannu Leinonen, President and CEO, tel. +358 20 433 3301, hannu.leinonen@yit.fi  Antero Saarilahti, Senior Vice President, Administration, +358 20 433 2280,      antero.saarilahti@yit.fi                                                        



YIT CORPORATION                                                                  Juha Kostiainen                                                                  Senior Vice President, Corporate Communications and Business Development        

 Distribution: NASDAQ OMX, principal media, www.yitgroup.com                     



YIT is a successful European service company in building systems, construction   services and services for industry. We build, develop and maintain quality       living environments in Nordic countries, Russia, Baltic countries and Central    Europe. In 2007, YIT's revenue amounted to EUR 3.7 billion. The Group employs    nearly 27,000 people. YIT's share is listed on OMX NASDAQ Helsinki Ltd.          www.yitgroup.com

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