YIT Oyj — Share Issue/Capital Change 2021

Apr 29, 2021

Conveyance of YIT Corporation’s treasury shares under share-based incentive scheme

Conveyance of YIT Corporation’s treasury shares under share-based incentive scheme

YIT Corporation  Stock Exchange Release  29 April 2021 at 7.30 p.m.

Conveyance of YIT Corporation’s treasury shares under share-based incentive
scheme

The Board of Directors of YIT Corporation has on 29 April 2021 decided on a
directed share issue for the reward payment from the 2018 earnings period under
the YIT Group’s Incentive Scheme 2017–2022. In the share issue, the maximum of
35,350 YIT Corporation shares will be issued and conveyed without consideration
to the key persons participating in the incentive scheme according to the terms
and conditions of the incentive scheme. As the company will use its treasury
shares for the reward payments, the total number of shares of the company will
not change.

The share-based incentive scheme for 2017–2022 and its terms decided by the
YIT’s Board of Directors were disclosed in more detail in a stock exchange
release published on 16 March 2017. The purpose of the scheme is to support the
company’s strategy and increase the company’s value supplement to the existing
incentive schemes. Rewards will be paid to maximum 208 people belonging to the
company's management and personnel for the 2018 earnings period.

The decision on the directed share issue is based on the authorisation granted
to the Board of Directors by the Annual General Meeting of Shareholders held on
18 March 2021. The shares will be delivered to the incentive scheme participants
on 5 May 2021. After the conveyance of treasury shares, the company holds
1,980,947 treasury shares.

For further information, please contact:
Pii Raulo, Executive Vice President, Human Resources, YIT Corporation, tel. +358
20 433 111, pii.raulo@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. We 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 about
7,400 professionals in 10 countries: Finland, Russia, Sweden, Norway, Estonia,
Latvia, Lithuania, the Czech Republic, Slovakia and Poland. In 2020, our revenue
amounted to approximately EUR 3.1 billion. YIT Corporation's share is listed on
Nasdaq Helsinki Oy. www.yitgroup.com