Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

YIT Corporation Stock Exchange Release 22 November 2023 at 12.30 p.m. 

Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act 

YIT Corporation has on 22 November 2023 received an announcement under Chapter 9, Section 5 and 6a of the Securities Markets Act from Virala Oy Ab, according to which Virala Oy Ab’s holding of the shares and votes of the company increased above the threshold of 20 percent on 21 November 2023.  

According to the announcement, the total number of YIT Oyj’s shares owned directly or through financial instruments by Virala Oy Ab and its chain of controlled undertakings was 20.31% of the company’s shares and votes on 21 November 2023. 

YIT has one share series, each share entitling to one vote. The total number of YIT’s shares is 211,099,853 shares. 

Total positions of Virala Oy Ab subject to the announcement: 

% shares and voting rights (total of A)  % of shares and voting rights through financial instruments (total of B)  Total of both in % (A+B)  Total number of shares and voting rights of issuer 
Resulting situation on the date on which threshold was crossed or reached   18.90  1.40  20.31  211,099,853 
Position of previous notification (if applicable)   15.83  0.75  16.58 

Notified details of the resulting situation on the date on which the threshold was crossed: 

A: Shares and voting rights: 

Class/type of shares ISIN code (if possible)   Number of shares and voting rights    % of shares and voting rights   
Direct (SMA 9:5)   Indirect (SMA 9:6 and 9:7)   Direct (SMA 9:5)   Indirect (SMA 9:6 and 9:7)  
FI 0009800643  39,902,000  18.90 
SUBTOTAL A  39,902,000  18.90 

B: Financial instruments according to SMA 9:6a: 

Type of financial instrument     Expiration date     Exercise/ Conversion Period     Physical or cash settlement     Number of shares and voting rights  % of shares and voting rights 
Forward contract  15 December 2023  15 December 2023  Physical  2,962,500  1.40 
SUBTOTAL B  2,962,500  1.40 

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: 

Name  % of shares and voting rights  % of shares and voting rights through financial instruments  Total of both 
​​Virala Oy Ab​  1.40  ​​2,962,500​ 
​​Atine Group Oy​ 
​​Nidoco AB​ 
​​Tercero Invest AB​  18.90  ​​39,902,000​ 

Further information: 
Essi Nikitin, Vice President, Investor Relations, YIT, tel. +358 50 581 1455, essi.nikitin@yit.fi

YIT Corporation 

Tuomas Mäkipeska 
CFO 

Distribution: Nasdaq Helsinki, principal media, www.yitgroup.com  

YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ around 5,000 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com