YIT CORPORATION INVESTOR NEWS AUG 15, 2008 at 13.00 FREDRIK SEDERHOLM APPOINTED AS PRESIDENT OF YIT SVERIGE AB Fredrik Sederholm (50), M.Sc. (admin.) has been appointed as YIT Sverige AB's president and Jörgen Mattsson (48), M.Sc. (eng.) as the company's executive vice president. YIT Sverige AB is part of YIT's Building Systems business segment. Fredrik Sederholm has been director of YIT's piping systems division in Sweden since 2006 and has a long and wide experience from technical service and maintenance business. Jörgen Mattsson has been director of YIT's electrical systems division in Sweden since 2005. Both Fredrik Sederholm and Jörgen Mattsson will assume responsibility of the new positions on August 18, 2008. For additional information, contact: Juhani Pitkäkoski, President, YIT Building Systems Ltd, +358 400 451 644, juhani.pitkakoski@yit.fi YIT CORPORATION Juha Kostiainen Senior Vice President, Corporate Communications and Business Development Distribution: OMX Nordic Exchange in Helsinki, principal media, www.yitgroup.com YIT Sverige AB is a leading provider of building systems installations in Sweden. The company provides installation, service and maintenance and facilities management services in around 100 locations in the country. The company's revenue in 2007 amounted to EUR 606 million and the number of employees was 4 400. YIT Sverige AB is part of YIT's Building Systems business segment. 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 more than 25,000 people. YIT's share is listed on OMX Nordic Exchange Helsinki. www.yitgroup.com