Eastern European Markets
January, 27. 2006

YIT sells its Lithuanian structural steel plant to yhe Peikko Group

YIT Construction Ltd's Lithuanian subsidiary AB YIT Kausta has sold its structural steel plant in Kaunas to the Finnish company Peikko Group. Plant's employees will transfer to the service of the Peikko Group's Lithuanian company UAB Peikko under their current terms of employment. The plant will continue to operate without interruption at its current location.

By means of this transaction, YIT seeks to ensure the availability of high-quality structural steel in Lithuania and focus on its core business. Cooperation with UAB Peikko and AB YIT Kausta will continue in the development of operations and products. YIT Kausta is expected to be the new company's largest customer during the next few years as well.

The structural steel plant in Kaunas employs around 30 people and its output in 2005 was about 1,800 tonnes.

About Peikko Group:
Peikko Group is a Finnish family-owned company specializing in composite beams and fastening products for concrete connections. It has subsidiaries in the Czech Republic, Germany, Italy, Lithuania, Norway, Slovakia, Spain and Sweden and representatives in many other countries. The production facilities of Peikko Group are located in Lahti, Finland, in Waldeck, Germany, in Kralova, Slovakia and in Kaunas, Lithuania. Peikko Group had sales of over EUR 43 million in 2005 and employs over 300 people. Further information:

About YIT:
YIT is a versatile service company that offers technical infrastructure investment and upkeep services for the property and construction sector, industry and telecommunications. In all sectors of operations, the Group’s services cover the entire life cycle of projects. YIT’s main market areas are the Nordic countries, the Baltic States and Russia. The group has over 21,000 employees in eight countries. YIT's share is listed on the Main List of Helsinki Exchanges under the Industrials heading.

For further information:
Head of Division Timo Lehmus
YIT Construction Ltd, International Operations
+358 20 433 2474,
Managing Director Antanas Butkus,
UAB YIT Kausta,
+370 37 452 348,
Development Director Vesa Pirinen
YIT Construction Ltd, International Operations
+358 20 433 2540,
Peikko Group
Raimo Lehtinen, managing director
+ 358 40 520 9260,
Topi Paananen, director, international operations
+ 358 50 384 3001,
Jorma Kyckling, sales director, Deltabeam
+ 358 40 761 6215,
YIT Corporation
Veikko Myllyperkiö
Vice President, Corporate Communications

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