Changes to the Board of Directors’ proposal to the Annual General Meeting

YIT CORPORATION              STOCK EXCHANGE RELEASE     MARCH 3, 2016 AT 4:45 P.M.

Changes to the Board of Directors’ proposal to the Annual General Meeting

Kim Gran has on March 3, 2016 notified that he withdraws his consent to be elected to the Board of Directors of YIT at the Annual General Meeting to be held on March 15, 2016.

YIT’s Board of Directors has decided to change its proposals to the Annual General Meeting as follows: The Board of Directors proposes on recommendation of the Personnel Committee that a Chairman, a Vice Chairman and three (3) ordinary members be elected to the Board of Directors. The Board of Directors proposes on recommendation of the Personnel Committee that Matti Vuoria (new) be elected as the Chairman of the Board of Directors, Juhani Pitkäkoski as the Vice Chairman, and Satu Huber, Erkki Järvinen and Inka Mero (new) as members of the Board of Directors. All candidates have consented to being elected.

The invitation to YIT Corporation’s Annual General Meeting dated February 5, 2016 can be found here: http://www.yitgroup.com/YIT_GROUP/about-us/releases/ir-single-item?release=D8B5F227AA43B4D3

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi

YIT CORPORATION

The Board of Directors

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

YIT is a construction industry leader that creates sustainable urban environments by 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. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com

About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and 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 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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