English Finnish
Published: 2010-03-10 15:00:00 CET
YIT
Decisions of general meeting
RESOLUTIONS PASSED AT YIT CORPORATION'S ANNUAL GENERAL MEETING
YIT CORPORATION       STOCK EXCHANGE RELEASE     March 10, 2010 at 16:00       



RESOLUTIONS PASSED AT YIT CORPORATION'S ANNUAL GENERAL MEETING           
      

YIT Corporation's Annual General Meeting, which was held today on
March 10,     
2010, adopted the 2009 financial statements and discharged the
members of the   
Board of Directors and the President and CEO from liability.
The Annual General 
Meeting decided on the payment of dividends, the
composition of the Board of    
Directors and their fees, the election of the
auditor and his fee, and the      
authorisation of the Board of Directors to
share buyback and share issues.      

Dividend payout                       
                                         

It was decided that a dividend of
EUR 0.40 will be paid per share, or a total of
EUR 50.0 million, and that the
rest of the profit be carried forward to         
distributable equity as
proposed by the Board of Directors. No dividend will be 
paid for the treasury
shares. The right to a dividend rests with a shareholder  
who, by the record
date of March 15, 2010, has been entered as a shareholder in 
the company's
shareholder register that is maintained by Euroclear Finland Ltd. 
It was
decided that the dividend will be paid on April 7, 2010.                


Further the Annual General Meeting decided to grant the Board the authority
to  
donate the sum of no more than EUR 500,000 to support activities of
colleges and
universities and, in the same context, that the Board of
Directors be authorised
to decide the schedule of payments and any other terms
and conditions governing 
the donations.                                      
                           

Composition of the Board of Directors and their
fees                            

The Annual General Meeting resolved to
elect a Chairman, Vice Chairman and five 
ordinary members to the Board of
Directors, namely: Henrik Ehrnrooth as         
Chairman, Reino Hanhinen as
Vice Chairman and Kim Gran, Eino Halonen, Antti     
Herlin, Satu Huber and
Lauri Ratia as members.                                  

Board of
Director's meeting fees were kept unchanged, i.e. the following fees   
will
be paid to the Board of Directors: Chairman EUR 6,000/month (EUR          

72,000/year), Vice Chairman EUR 4,500/month (EUR 54,000/year), member EUR    
  
3,500/month (EUR 42,000/year) plus a meeting fee of EUR 500 for each
meeting,   
and that similarly EUR 500 be paid to the members of the
committees for each    
committee meeting. Per diems for trips in Finland and
abroad are paid in        
accordance with the State's travelling compensation
regulations.                

Election of the auditor and his fee            
                                

PricewaterhouseCoopers Oy, Authorized
Public Accountants, was elected as the    
company's auditor, with Heikki
Lassila, Authorized Public Accountant, as chief  
auditor. The auditor's fees
will be paid against their invoices approved by the 
company.                 
                                                      

Share buyback        
                                                          

The Annual
General Meeting authorised the Board of Directors to decide on the   
purchase
of company shares as proposed by the Board of Directors. The          

authorisation covers the purchasing of a maximum of 10,500,000 company shares
  
using the company's unrestricted equity. The authorisation is valid for 18 
    
months after its granting.                                               
      

The authorisation reverses the authorisation to purchase the
company's own      
shares issued by the Annual General Meeting on March 11,
2009.                  

Share issues                                        
                           

The Annual General Meeting authorised the Board
of Directors to decide on share 
issues as proposed by the Board of Directors.
The authorisation can be used in  
full or partially by issuing shares in the
company in one or more share issues  
so that the total number of shares
issued is 25,000,000. The Board of Directors 
has the right to decide on all
of the terms and conditions of the share issues. 

The share issue
authorisation also includes the Board of Director's             
authorisation
to decide on the transfer of a maximum of 12,645,000 treasury     
shares
irrespective of the purpose for which the treasury shares originally
were
acquired.                                                                
      

The authorisation is valid for five years after its granting.        
          

The authorisation reverses the authorisation to dispose of the
company's own    
shares issued by the Annual General Meeting on March 11,
2009.                  

Other information                                   
                           

On March 10, 2010 the total number of YIT shares
is 127,223,422 and YIT holds   
2,145,000 of its own shares.                  
                                 

The minutes of the Annual General Meeting
will be available on the Internet at  
the company website www.yitgroup.com by
March 24, 2010.                         


For additional information,
please contact:                                     
Antero Saarilahti, Senior
Vice President, Administration, +358 20 433 2280,    

antero.saarilahti@yit.fi                                                     
  


YIT CORPORATION                                                        
        


Virva Salmivaara                                                 
              
Senior Vice President, Corporate Communications                
                


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