YIT CORPORATION STOCK EXCHANGE RELEASE 29 OCT 2008 at 08:05 A NOMINATION AND REWARDS COMMITTEE FOR THE YIT CORPORATION BOARD OF DIRECTORS In a meeting held on 28 October 2008, the Board of Directors of the YIT Corporation has decided to form a nomination and rewards committee as a new committee for the Board of Directors. From the Board of Directors, Reino Hanhinen was appointed as the chairman and Eino Halonen and Antti Herlin as members of the nomination and rewards committee. The purpose of the nomination and rewards committee is to assist the Board of Directors in the nomination and rewarding of key personnel within the YIT Group, as well as in other issues related to the development of HR policies. The committee will also prepare proposals for the General Meeting on the appointment of members for the Board of Director as well as on their rewarding. The Board of Directors already has an Audit Committee with Eino Halonen as Chairman and Teuvo Salminen and Reino Hanhinen as members. The purpose of the Audit Committee is to assist the Board of Directors in the auditing of the reporting and calculation processes of the YIT Group. For additional information, please contact: Hannu Leinonen, President and CEO, tel. +358 20 433 3301, hannu.leinonen@yit.fi Antero Saarilahti, Senior Vice President, Administration, +358 20 433 2280, antero.saarilahti@yit.fi YIT CORPORATION Juha Kostiainen Senior Vice President, Corporate Communications and Business Development Distribution: NASDAQ OMX, principal media, www.yitgroup.com YIT is a successful European service company in building systems, construction services and services for industry. We build, develop and maintain quality living environments in Nordic countries, Russia, Baltic countries and Central Europe. In 2007, YIT's revenue amounted to EUR 3.7 billion. The Group employs nearly 27,000 people. YIT's share is listed on OMX NASDAQ Helsinki Ltd. www.yitgroup.com