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YIT Oyj: YIT started the construction of two residential projects in Russia

YIT CORPORATION Investor News April 1, 2016 at 4:00 p.m.

YIT started the construction of new residential projects in
Yekaterinburg and Moscow region, Russia. The projects will comprise
approximately 300 apartments in total and the value of the projects
is nearly EUR 13 million. The start-ups were recorded in the first
quarter and the projects will be completed in the end of 2017. The
aim of the start-ups is to maintain the critical operating volume in
the cities, according to YIT's strategy.

The project started in Yekaterinburg is the newest phase of the
significant area development project Rifei in Verhnaja Pyshma. The
newest phase will consist of nearly 130 apartments. The project is
located in the vicinity of Isetskoye and Baltym lakes within
excellent transport connections. The area enjoys well-developed
infrastructure with shopping malls, kindergartens and schools.

The second phase of the project called Serebryanie Zvoni in the Moscow
region will consist of over 160 apartments. The project located in
Zvenigorod city will comprise apartments that vary from studios to
three-room apartments, in addition to which commercial premises will
be constructed in the buildings. In the construction, special
attention will been paid to energy efficiency and materials that will
improve the comfort of living.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT
Corporation, tel. +358 50 390 6750,

Teemu Helppolainen, Head of Housing Russia segment, YIT Construction
Ltd, tel. +7 915 316 8216,


Sanna Kaje
Vice President, Investor Relations and M&A

Distribution: NASDAQ Helsinki, principal media,

YIT is a construction industry leader that creates sustainable urban
environments by constructing housing, business premises,
infrastructure and entire areas. We focus on providing a first-class
customer experience, high quality and continuous development of our
diverse expertise. Our operating area covers Finland, Russia, the
Baltic countries, the Czech Republic, Slovakia and Poland. Our vision
is to stay one step ahead - while caring for our customers, partners
and personnel. We have over 5,300 employees in eight countries. In
2015, our revenue amounted to nearly EUR 1.7 billion. Our share is
listed on Nasdaq OMX Helsinki.


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