YIT TO START BUILDING 2,800 MARKET-FINAN

YIT CORPORATION STOCK EXCHANGE RELEASE June 3, 2003 9.00 a.m.1 (1)

YIT TO START BUILDING 2,800 MARKET-FINANCED RESIDENTIAL UNITS THIS YEAR

President and CEO Reino Hanhinen announced that YIT intends to raise the number of its market-financed housing starts in Finland this year to about 2,800 residential units. The corresponding figure last year was 2,200 units. Mr Hanhinen spoke today at 9.00 a.m. at YIT’s Capital Markets Day in Helsinki.

The material presented at the Capital Markets Day can be found at the address www.yit.fi Investor Information - Presentations.

YIT CORPORATION



Veikko Myllyperkiö Vice President, Corporate Communications

For additional information, contact: President and CEO Reino Hanhinen, YIT Corporation, tel. +358 20 433 2454, reino.hanhinen@yit.fi President Ilpo Jalasjoki, YIT Construction Ltd, tel. +358 20 433 2692, ilpo.jalasjoki@yit.fi Manager, Investor Relations, Petra Thorén, YIT Corporation, tel. +358 20 433 2635, petra.thoren@yit.fi

DISTRIBUTION: Helsinki Exchanges, 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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