Annual General Meeting

YIT Corporation’s Annual General Meeting is the Group’s highest decision-making body. The Annual General Meeting shall be held annually by the end of March. Extraordinary general meetings shall be held when the Board of Directors considers it necessary to do so or when required by legislation.

The Annual General Meeting shall take decisions on matters such as:

• approving the financial statements
• the payment of dividends
• discharging the members of the Board of Directors and the President from liability
• the election of the Chairman, Vice Chairman and the members of the Board of Directors and the remuneration to be paid to them
• the election of the auditor and the remuneration to be paid for the audit
• amendments to the Articles of Association
• decisions leading to changes in the share capital
• share buyback and transferring the company’s own shares
• the granting of share options

The notice of meeting shall be published in line with Articles of Association in a nation wide newspaper chosen by the Board of Directors and on the company’s Internet site. In addition to the matters that will be dealt with at the meeting, the notice shall also announce the names of the persons who have been nominated to seats on the Board of Directors. The condition is that these persons have the support of shareholders who hold at least a total of 10 per cent of the voting rights conferred by the company’s shares and that the nominees have given their consent to being elected. The name of the nominated auditor shall also be announced.

As a rule, the Annual General Meeting shall be opened by the Chairman of the Board. The other members of the Board shall attend insofar as they can. The President shall present the result of the financial year to the Annual General Meeting.

Updated November 13, 2008
InvestorRelations@yit.fi