YIT started the third phase of an area development project in Pushkin, a suburb of St. Petersburg, Russia

YIT Corporation Investor News December 22, 2016 at 11:00 a.m.

YIT started the construction of the third phase of an area development project in Pushkin, a suburb of St. Petersburg, Russia. The project’s phase to be started now in December comprises a total of approximately 250 apartments. The value of the phase is approximately EUR 17 million and it will be completed during the last quarter of 2018.

The project called INKERI is located in the southern part of the town of Pushkin near historical Tsar-era palaces and parks. The peaceful area offers diverse services and good transportation connections. The area’s architecture and landscape design represent the modern Nordic style.

For further information, please contact:

Esa Neuvonen, Chief Financial Officer, YIT Corporation, tel. +358 40 500 1003, esa.neuvonen@yit.fi 

Teemu Helppolainen, Head of Business Area, Russia, YIT Construction Ltd, tel. +7 915 316 8216, teemu.helppolainen@yit.ru

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 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

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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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