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2016-10-19

YIT Oyj: YIT started the construction of a new apartment building in area development project in St. Petersburg, Russia

YIT Corporation Investor News October 19, 2016 at 1:00 p.m.

YIT has started the construction of a new apartment building in an
area development project called Novo Orlovsky in North St.
Petersburg, Russia. The value of the project is approximately EUR 20
million and it is due for completion during autumn 2018. The start-up
was recorded in the third quarter.

The Novo Orlovsky project which has now been started includes
approximately 340 apartments with a combined living area of
approximately 12,300 square metres. Approximately 900 square metres
of business premises will be constructed in connection with the
building. The design of the apartments includes both many apartments
with open plan kitchen and small studio apartments which good
price-quality ratio.

In total of almost 10,000 apartments will be built on the 46-hectare
plot of Novo Orlovsky. The project will also include the construction
of several car parks, day care centres, schools, shops, pharmacies, a
sports and leisure centre and other business premises for retail and
services. The project is located in North St. Petersburg with
excellent transportation connections and services.

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation,
tel. +358 40 5666 070, hanna.jaakkola@yit.fi

Teemu Helppolainen, Head of Business Area, Russia, YIT Construction
Ltd, tel. +7 915 316 8216, teemu.helppolainen@yit.ru

YIT CORPORATION

Hanna Jaakkola

Vice President, Investor Relations

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

YIT creates better living environment by developing and constructing
housing, business premises, infrastructure and entire areas. Our
vision is to bring more life in sustainable cities. We want to focus
on caring for customer, visionary urban development, passionate
execution and inspiring leadership. Our growth engine is urban
development involving partners. Our operating area covers Finland,
Russia, the Baltic countries, the Czech Republic, Slovakia and
Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and
we employ about 5,300 employees. Our share is listed on Nasdaq
Helsinki. www.yitgroup.com

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