YIT Oyj — Capital/Financing Update 2021

Jun 22, 2021

YIT has signed a committed EUR 300 million revolving credit facility linked to sustainability targets

YIT has signed a committed EUR 300 million revolving credit facility linked to sustainability targets

YIT Corporation   Stock exchange release   22 June 2021 at 11:30 a.m.

YIT has signed a committed EUR 300 million revolving credit facility linked to
sustainability targets

YIT has signed a new committed EUR 300 million revolving credit facility. The
facility will mature during the second quarter in 2024 with an option for one
one-year extension. The revolving credit facility includes two financial
covenants reviewed on a quarterly basis: gearing and interest coverage. The
facility is unsecured. The margin of the revolving credit facility is impacted
by, positively or negatively, the success in regard to two sustainability
targets which are measured with the following indicators: lost time injury
frequency rate, LTIF (including own personnel and partners), and emission
intensity of the Group's own operations (CO2 emissions per EUR millions of
revenue, tCO2e/revenue EUR million).

“By linking the revolving credit facility to the sustainability targets, we show
that we are making progress in reaching our ESG goals. The new agreement is a
continuation to the Green Finance Framework and green bonds which we launched in
the first quarter. The arrangement will lengthen our maturity structure and
further support our strong balance sheet position”, says Ilkka Salonen, CFO.

The coordinators were OP Corporate Bank and SEB. Danske Bank, Nordea, OP
Corporate Bank, SEB, and Swedbank act as lead arrangers and arrangers,
LähiTapiola as arranger, SEB as sustainability coordinator, and OP Corporate
Bank as agent.

Simultaneously, YIT cancelled the current EUR 300 million committed revolving
credit facility of which EUR 45 million would have matured during the third
quarter in 2021 and EUR 255 million would have matured during the third quarter
of 2022.

The committed revolving credit facility is currently unused.

For further information:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358
40 576 0288, tommi.jarvenpaa@yit.fi
Karo Nukarinen, Senior Vice President, Treasury, YIT Corporation, tel. +358 50
564 0920, karo.nukarinen@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