YIT sells Joensuu Shopping Center to EjendomsInvest of Denmark

YIT CORPORATION                     PRESS RELEASE       OCT. 1, 2007 at 14:00

YIT Construction Ltd has sold the Joensuu Shopping Center project to the Danish real-estate investment company I/S EjendomsInvest. The size of the property is about 15,000 m2 and the total transaction price amounts to approximately EUR 31 million.

Joensuu Shopping Center is located in the heart of Joensuu city in Eastern part of Finland. Construction work is ongoing and the shopping center will be fully completed in November 2008. Almost 90 per cent of the project comprises the refurbishing of existing premises. In addition, an extension will be built for the shopping center. An Anttila department store and other businesses are open in the shopping center for the whole duration of the works. Among new tenants will be Alko, Ballo, Hemtex and KappAhl.

EjendomsInvest is Denmark’s leading investment property agent and the oldest player in the business. Its real-estate portfolio in Finland includes 38 properties, of which about half are in the Helsinki area. The market value of its portfolio of commercial properties in Finland is about EUR 380 million.

For additional information, contact:
Regional Manager Ilkka Kääriäinen, YIT Construction Ltd, tel. +358 40 519 5953, ilkka.kaariainen@yit.fi
Investment Manager Henrik Andersen, EjendomsInvest, tel. + 45 27 14 74 74 ha@ejendomsinvest.dk

YIT CORPORATION

Veikko Myllyperkiö
Vice President, Corporate Communications

Distribution: principal media, www.yitgroup.com