YIT Oyj — Board/Management Information 2018

Mar 16, 2018

YIT Corporation’s Board of Directors decided the composition of its committees

YIT Corporation’s Board of Directors decided the composition of its committees

YIT Corporation Stock Exchange Release March 16, 2018 at 12:45 noon
YIT Corporation's Board of Directors held its organizational meeting on March
16, 2018. In the meeting, the Board decided on the composition of the Personnel
Committee and the Audit Committee.

From among its number, the Board elected Harri-Pekka Kaukonen as chairman and
Inka Mero and Tiina Tuomela as members of the Personnel Committee. The task of
the Personnel Committee is to assist the Board of Directors in issues related to
the nomination and remuneration of key personnel within YIT Group. Among other
things, the Personnel Committee prepares the proposals for the Group’s corporate
culture and HR policy development, remuneration and incentive schemes, the rules
for performance-based bonuses and performance-based bonuses paid to the
management. The Committee’s tasks furthermore include the identification of
talent, the development of key personnel and management’s succession planning.

From among its number, the Board elected Erkki Järvinen as chairman and Eero
Heliövaara, Olli-Petteri Lehtinen and Kristina Pentti-von Walzel as members of
the Audit Committee. The Audit Committee assists the Board of Directors in the
supervision of the Group’s accounting and reporting processes. It is tasked
with, for instance, overseeing the company’s financial reporting process, the
effectiveness of internal control, internal auditing and risk management
systems, and with evaluating the audit. The Committee participates in the
preparation of the Group’s financing policy, financing plan and financing
arrangements. Among other things, the Committee reviews the company’s financial
statements and half-year and interim reports, and monitors auditing. It also
evaluates compliance with laws and regulations and follows the Group’s financial
position.

For further information, please contact:

Kari Kauniskangas, President and CEO, YIT Corporation, tel. +358 40 570 1313,
kari.kauniskangas@yit.fi

YIT CORPORATION

Hanna Jaakkola

Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media,
www.yitgroup.com (https://www.yitgroup.com/en)

YIT is the largest Finnish and significant North European construction company.
We develop and build apartments, business premises and entire areas. We are also
specialised in demanding infrastructure construction and paving.  Together with
our customers our 10,000 professionals are creating more functional, more
attractive and more sustainable cities and environments. We work in 11
countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic,
Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation
and Lemminkäinen Corporation merged on February 1, 2018. Our combined annual
revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on
Nasdaq Helsinki Oy. www.yitgroup.com (https://www.yitgroup.com/en)