YIT Oyj — Board/Management Information 2022

Mar 17, 2022

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 17 March 2022 at 2.00 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 17 March
2022. In the meeting, the Board decided on the composition of the Audit
Committee and the Personnel Committee as well as the Investment and Project
Committee.

From among its number, the Board elected Olli-Petteri Lehtinen as chairperson
and Frank Hyldmar and Jyri Luomakoski 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 Kerttu Tuomas as chairperson and Eero
Heliövaara and Harri-Pekka Kaukonen 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 Eero Heliövaara as chairperson and
Harri-Pekka Kaukonen Casimir Lindholm 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:
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 development and
construction company. For 110 years, we have been creating better living
environments for our customers: functional homes for sustainable living, future
-proof public and commercial buildings and infrastructure for smoother flow of
people, businesses and society. We employ 7,000 professionals in ten countries:
Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic,
Slovakia and Poland. Our revenue in 2021 was EUR 2.9 billion. YIT Corporation's
share is listed on Nasdaq Helsinki Oy. www.yitgroup.com