YIT RECEIVES PERMITS FOR PUTTING INTO OPERATION THE FIRST

YIT CORPORATION       PRESS RELEASE       SEPTEMBER 11TH, 2008 AT 11:00         


YIT RECEIVES PERMITS FOR PUTTING INTO OPERATION THE FIRST LOGISTIC CENTER IN    
GORELOVO INDUSTRIAL PARK                                                        

YIT has received from the local authorities of Leningrad Region (Oblast) the    
official permits for putting into operation of the “Gorigo logistic center” in  
Gorelovo industrial park near to Pulkovo, the international airport of St.      
Petersburg. By the end of 2008 YIT will sell the logistic center to “GORIGO”    
company, owned by Evli Property Investment's real estate fund. It has been      
agreed by YIT and Evli that the total amount of the transaction of the logistic 
center and the office center at Primorsky prospect, St. Petersburg, will be     
approximately EUR 100 million.                                                  
                                                                                
“Gorigo logistic center” is occupying about 19 hectares of land. The center     
consists of two large logistics buildings with total areas of  about 91,000     
sq.m. Office space is about  5,000 sq.m. “Gorigo Logistic center” is one of the 
largest and highest class logistic centers in the South-Western region of       
Russia.                                                                         

Gorelovo Industrial park is located on a 96 hectares land plot. YIT has         
purchased the land plot in the autumn 2006. In the beginning of 2007 YIT has    
started to develop the territory into a modern industrial park. YIT has under   
construction also a new meat products plant and logistics centre for Atria in   
Gorelovo.                                                                       


YIT Corporation                                                                 

Juha Kostiainen                                                                 
Senior Vice President,                                                          
Corporate Communications and Business Development                               

For additional information, contact:                                            
Mr. Peter Forssell, Real Estate Development Director, ZAO YIT Lentek, phone +358
40 532 2273, peter.forssell@yit.ru                                              
Mr. Petteri Nurminen, Managing Director, Evli Property Investments Oy, phone    
+358 9 476 690, petteri.nurminen@evli.com                                       

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 employes  
about 27,000 people. YIT's share is listed on OMX Nordic Exchange Helsinki.     
www.yitgroup.com                                                                

Evli Bank Plc is an independent investment bank whose clients are entrepreneurs,
corporate executives and investment professionals. Evli's primary market is the 
Baltic Sea region. The company operates in Finland, Sweden, the Baltic          
countries, and Russia. Evli also has offices in Luxembourg and through its joint
venture Nordic Partners, Inc. in New York. Evli Group's equity capital totals   
EUR 60.9 million and the BIS capital adequacy ratio stood at 13.8% on 30 June   
2008. Evli Group employs approximately 360 people.                              

Distribution: Principal media, www.yitgroup.com
YIT RECEIVES PERMITS FOR PUTTING INTO OPERATION THE FIRST LOGISTIC CENTER IN GORELOVO INDUSTRIAL PARK
