LISTING OF SUBSCRIPTIONS IN 2005 ON THE BASIS OF YIT?S SHARE OPTIONS FROM 2002

YIT CORPORATION STOCK EXCHANGE ANNOUNCEMENT NOVEMBER 2, 2004 8:10
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LISTING OF SUBSCRIPTIONS IN 2005 ON THE BASIS OF YIT’S SHARE OPTIONS FROM 2002

In 2005, shares can be subscribed for in the period from April 1 to November 30 on the basis of the share options issued by YIT Corporation in 2002.

It is intended that the increases in the share capital on the basis of the subscriptions will be carried out in 2005 as follows:

Share subscription Entry into the New shares deadline Trade Register listed April 30 May 6 May 9 June 15 June 27 June 28 August 12 August 19 August 22 November 30 December 5 December 7

The shares entitle their holder to a dividend as from the date of subscription. Other rights will vest when the share capital increase has been entered in the Trade Register.

Subscriptions will be accepted at Nordea Bank Finland plc’s investment advisory branches.

The Annual General Meeting held in the spring of 2002 granted a maximum total of 450,000 Series C share options and a maximum total of 950,000 Series D shares for subscription without consideration.

The shares can be subscribed for annually during the period from April 1 - November 30 such that the subscription period for the Series C share options begins on April 1, 2004, and for the Series D share options on April 1, 2005. Both subscription periods end on November 30, 2006. Each share option entitles its holder to subscribe for two YIT Corporation shares (YTY1V) having a nominal value of one euro.

The subscription price of a share subscribed for with the Series C share options is EUR 6.545 per share. The subscription price of a share subscribed for with the Series D share options will be confirmed before the subscription periods begin.

YIT Corporation

Veikko Myllyperkiö Vice President, Corporate Communications

For additional information, contact: Jaakko Mäkynen, Vice President, Finance, tel. +358 20 433 2307, jaakko.makynen@yit.fi

2(2) Marja Salo, Director of Administration, tel. +358 20 433 2470, marja.salo@yit.fi

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

About Us

YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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