YIT Oyj — Board/Management Information 2021

Mar 18, 2021

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     18 March 2021 at 12.45 p.m.

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

YIT Corporation's Board of Directors held its organisational meeting on March
18, 2021. In the meeting, the Board decided on the composition of the Personnel
Committee, the Audit Committee as well as the Investment and Project Committee.

From among its number, the Board elected Harri-Pekka Kaukonen as chairman and
Eero Heliövaara 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 appointing and rewarding key personnel. Among other things, the
Personnel Committee prepares the proposals for the Group’s corporate culture and
HR policy, remuneration and incentive schemes, the rules for performance-based
bonuses and the performance-based bonuses paid to the management. In addition,
identifying talents, the development of key personnel, and planning for
management successors fall under the preparation responsibility of the committee

From among its number, the Board elected Olli-Petteri Lehtinen as chairman and
Alexander Ehrnrooth, Frank Hyldmar 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 reporting and accounting processes. Its tasks include
overseeing the financial reporting process of the company, the effectiveness of
internal control, internal audit and risk management systems as well as
monitoring and assessing the audit. The Committee participates in the
preparation of the Group’s financing policy, financing plan and financing
arrangements. The Committee reviews the company’s financial statements, interim
reports and half-year reports and monitors auditing. It evaluates compliance
with laws and regulations and follows the Group’s financial position.

From among its number, the Board elected Eero Heliövaara as chairman and
Alexander Ehrnrooth, Harri-Pekka Kaukonen and Barbara Topolska as members of the
Investment and Project Committee. The main function of the Investment and
Project Committee is to assist the Board of Directors of YIT Corporation by
discussing and preparing, in accordance with the internal decision-making
authorizations approved by the Board of Directors, significant contract tenders,
property development projects, plot and area development project investments and
divestments, acquisitions, disposals and equity investments, and to monitor the
development, financial reporting and risk management of the respective
portfolios.

For further information, please contact:
Juha Jauhiainen, Corporate General Counsel, YIT Corporation, +358 40 725 9643,
juha.jauhiainen@yit.fi

YIT CORPORATION

Tommi Järvenpää
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and a significant North European urban developer and
construction company. Our goal is to create more sustainable, functional and
attractive cities and living environments. We develop and build apartments,
business premises and entire areas. We also specialise in demanding
infrastructure construction. We own properties together with our partners, which
supports the implementation of our significant development projects. We also
provide our customers with services that increase the value of properties. We
employ approximately 7,400 professionals in ten countries: Finland, Russia,
Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and
Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's
share is listed on Nasdaq Helsinki Oy. www.yitgroup.com