YIT Corporation	      INVESTOR NEWS          August 13, 2010 AT 10.00 


YIT
EXPANDS ITS CONSTRUCTION SERVICES TO SLOVAKIA THROUGH ACQUISITION


YIT
International Construction Services has reached an agreement regarding
the
acquisition of Reding as., a Slovakian construction company. YIT will
acquire
70 percentage the company's shares from its founder Ladislav
Versovsky. Mr.
Versovsky will continue as the acquired company's Chairman of
the Board and
shareholder with a 30 percentage holding. Completion of the
transaction is
subject to the approval of competition authorities. 

Reding
is a construction company concentrating on residential and
commercial
buildings. The company's business idea includes contracting and
housing and
property development. The company has a good market position in
Bratislava and
its neighbouring areas. Reding's net sales amount to about EUR
30 million, and
it has 180 employees. This family enterprise was established
in 1997. 

The transaction is part of YIT's strategy to expand its
construction services
business to Central Eastern Europe. In 2008, YIT
expanded its operations to
Czech Republic. Through the contract the operations
of YIT International
Construction Services will expand to Slovakia as a new
country of operations. 

“Slovakia and its capital Bratislava is a developing
market area, where we can
see a clear demand to improve the housing conditions
on longer perspective.
After financial crises the development of construction
market seems to
stabilize and we expect that the GDP and construction market
will grow faster
than EU average in coming years, says Kari Kauniskangas, Head
of YIT
International Construction Services. 

“The acquisition provides us
with a good foothold in the new market area.
Reding has a competent personnel
and management, and its reputation on the
market is good. The company has
several construction projects underway, and it
also has some plots for future
housing and real estate development projects in
Slovakia,” says Jouni Forsman,
Director of YIT's construction services in
Central Eastern Europe. 

“YIT
provides the company and its personnel with good possibilities to develop
the
business and serve customers in a versatile manner. We can expand and
enhance
the business by combining the expertise of both companies, especially
by
exploiting local knowledge of Reding's personnel and the
international
experience and financial strength of YIT. This improves the
possibility to grow
in housing and real estate development business,” says
Reding's Chairman of the
Board Ladislav Versovsky. 


YIT
Corporation


Virva Salmivaara
Senior Vice President, Corporate
Communications 


For further information, please contact
Kari
Kauniskangas, Head of International Construction Services, 
tel. +358 40 519
0198, kari.kauniskangas@yit.fi 


YIT is a leading European service company
in building systems, construction
services and services for industry. We
build, develop and maintain quality
living environments in the Nordic
countries, Russia, the Baltic countries and
Central Europe. In 2009, YIT's
turnover was EUR 3.5 billion. The Group has
23,500 employees. YIT is the
largest construction company in Finland. YIT is
the leading foreign housing
developer in Russia and a major construction
company in all Baltic countries.
YIT's shares are listed on NASDAQ OMX
Helsinki. For additional information,
please contact: www.yit.fi