YIT CORPORATION       STOCK EXCHANGE RELEASE     AUGUST 1, 2008 AT 13.00       



MCE'S BUILDING SYSTEM OPERATIONS WERE TRANSFERRED TO YIT ON AUGUST 1,
2008      

YIT Corporation and MCE AG signed an agreement on the sale of
MCE's building    
system service business in Germany, Austria, Poland, the
Czech Republic, Hungary
and Romania to YIT on May 29, 2008. The completion of
the transaction was       
subject to approval by competition authorities.
Competition authorities approved
the transaction in Germany on July 8, 2008,
in Austria on July 16, 2008 and in  
Poland on August 1, 2008. The acquisition
was finalized on August 1, 2008.      

The value of the acquisition is EUR
55 million. The purchased operations employ 
about 1,900 people. Revenue for
2007 amounted to EUR 355 million.               


YIT CORPORATION          
                                                      

Juha Kostiainen      
                                                          
Senior Vice
President, Corporate Communications and Business Development        


For
further information, please contact:                                       

Petra Thorén, Senior Vice President, Investor Relations, YIT Corporation,

+358 40 764 5462, petra.thoren@yit.fi 
Juhani Pitkäkoski, President, YIT
Building Systems Ltd, +358 400 451 644,       
juhani.pitkakoski@yit.fi       
                                                



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, Baltic countries, Russia and Central  

Europe. In 2007, YIT's revenue amounted to EUR 3.7 billion, and the Group    
  
employed more than 23,000 people. YIT's share is listed on OMX Nordic
Exchange  
Helsinki. www.yitgroup.com