YIT AND EVLI SIGN THE AGREEMENT ON EUR 100 MILLION REAL ESTATE DEVELOPMENT PROJECTS IN ST PETERSBURG

YIT Lentek and Evli Bank's real estate equity fund EPI (Evli Property           
Investments) Russia have signed the final agreement to implement office building
and logistics centre projects on YIT's plots in St Petersburg. The total value  
of the projects is about EUR 100 million. The parties signed the letter of      
intent regarding the projects on November 2, 2006.                              

The agreement comprises the construction of a 10,000 m2 office building in St   
Petersburg and a 75,000 m2 logistics centre in Gorelovo, next to Pulkovo, the   
international airport of St Petersburg. In addition, YIT has reserved EPI Russia
the right to expand the logistics centre by about 100,000 m2.                   

Construction of the office building has begun in 2006. Construction of the      
logistics centre will begin in summer 2007. Both projects are scheduled to be   
completed during first part of 2008.                                            

YIT published a stock exchange release regarding signing the letter of intent on
November 3, 2006. Evli's press releases can be found at www.evli.com.           

For additional information, contact:                                            
Juha Vättö, General Director, ZAO YIT Lentek, +358 400 558 164                  
Peter Forssell,                                                                 
Real estate development director, ZAO YIT Lentek, +358 40 532 2273,             
peter.forssell@yit.ru                                                           



YIT CORPORATION                                                                 


Veikko Myllyperkiö                                                              
Vice President, Corporate Communications                                        

Distribution: Helsinki Stock Exchange, principal media, www.yitgroup.com