Investor Relations in YIT as part of Group strategy management Petra Thorén Vice President,

1. Investor Relations in YIT as part of Group strategy management Petra Thorén Vice President, Investor Relations May 29, 2007

2. Contents • YIT Group • IR development • IR in YIT • Cases

3. Building Systems ConstructionServices Industrial and Network Services All technical building systems Housing and area development Investments in industrial projects Facility management andexpert services Office premises andproject development Maintenance of industrial facilities and processes Networks, connections and help desk services Technical maintenance and repair works Civil engineering YIT service portfolio Revenue 2006 MEUR 1,415 Revenue 1-3/2007 MEUR 368 Personnel 3/200711,569 Revenue 2006 MEUR 1,452 Revenue 1-3/2007 MEUR 369 Personnel 3/2007 5,734 Revenue 2006 MEUR 477 Revenue 1-3/2007 MEUR 111 Personnel 3/2007 4,787

4. Revenue 1994 - Q1/2007 MEUR Average annual growth 1994-2006: 17% IFRS Q1/06 IFRS 2004 IFRS 2005 IFRS 2006 IFRS Q1/07 FAS 1994 - 2004 Strategic target level: growth 10% per year on average

5. Operating profit (EBIT) 1994 - Q1/2007 MEUR Average annual growth 1994-2006: 24% IFRS 2004 IFRS 2005 IFRS 2006 IFRS Q1/06 IFRS Q1/07 FAS 1994 - 2004 Strategic target level: EBIT margin 9% of revenue

6. Dividend payout 1995-2006 Dividend/share, EUR Dividend/earnings, % 2001 2005 1999 2003 1997 YIT´s dividend policy: 40–60% of the annual profit after taxes and minority interests The doubling amount of shares wich came into effect on March 24, 2006 (split) has been taken into account. Year 2004 and 2005 are IFRS numbers.

7. Strong market position within YIT’s business segments and market areas In Finland the biggest services provider in all Business Segments In the Nordic countries the biggest Building Systems services provider In Russia the biggest foreign player within Residential Construction In the Baltic countries among top market leaders within Construction Services

8. Development of capital markets • In Finland restrictions on foreign ownership were abolished in 1993 • Change from bank-centered model to a market-based model  focus on shareholder value • Increased need of information in order to attract foreign capital • Regulation and governance  Transparency

9. Corporate Governance • Markets • “Market for corporate control” • Mergers & acquisitions, public offer • Debtors • Owners • Securities Market Act, Finnish Companies Act External Corporate Governance • Board of directors • Management • Incentive systems and share ownership • Organisation and reporting Internal Corporate Governance

10. Development of capital markets • More pressure for top management to put time on IR on top of business strategy • Role of IR and IR employees has changed essentially towards professionalism and standard job task within corporations • Role of IR still differs between companies

11. YIT´s IR policy • The aim of YIT´s Investor Relations is to communicate all the essential information of YIT to all the market parties, and to do so continuously, consistently and equitably, so that the value of YIT´s share reflects its fair value • Maintain openness and transparency • Honesty and credibility; we do what we say • Service-minded attitude in all Investor Relations

12. IR in YIT • Part of Group strategy management • Management priority and availability • Systematic approach to managing IR

13. Good internal co-operation Link between company and capital markets CEO, EVP Finance and accounting Communi- cations Capital markets Investor Relations Information Corporate planning Business segments

14. IR-team • CEO, Executive Vice President, Investor Relations • Communications Management • Business Management • Other Management

15. Big strategic IR-events • Acquisitions • New management and strategic target levels • Russia • IFRS

16. Case ABB-acquisitionValuation YIT 670 % ABB Building Systems acquisition 4 July, 2003 OMXHCAP 105 %

17. Case ABB-acquisition Investment story and IR • Pricing • Fit to YIT strategy • YIT valuation and positioning closer to that of “service company” • Well prepared and communicated to the market • Day of release • Follow-up • 1.integration 2.profitability 3. growth • Credibility

18. 1-12 1-12 1-12 1-12 1-12 1-12 2004 2005 2006 2004 2005 2006 Building SystemsStill following ABB acquisition Operating profit, MEUR Operating profit margin,% 2) 2) 1) 1) 2007 2007 1) Includes a loss provision of EUR 4 million due to an electrification project on two ships for the Royal Danish Navy (non-recurring item) in Q3/2004. 2) Building Systems released provisions for certain ended contractual obligations in the Q4/2006 period. This had a positive impact of EUR 7.2 million on operating profit.

19. YIT’s strategic target levels • Average annual growth in revenue 10% • Operating profit margin (EBIT) 9% • Return on investment 22% • Equity ratio 35% • Dividend payout 40–60% of net profit for the year after taxes and minority interests

20. Yaroslavl (0.6) Yaroslavl Oblast (1.3) Tver (0.4) Ivanovo (0.4) Ivanovo Oblast (1.1) Tver Oblast (1.4) Moscow Oblast (6.5) Vladimir (0.3) Vladimir Oblast (1.5) Moscow (10.1) Kaluga (0.3) Ryazan (0.5) Kaluga Oblast (1.0) Ryazan Oblast (1.1) Tula (0.5) Tula Oblast (1.6) Average annual growth target in Russia 50% 2006-2009 Current business locations Potential expansion 2007- • Project development in St. Petersburg • For EPI Russia fund an office • building and a logistics centre • For Atria a production plant and a • logistics centre • Strengthening plot reserve in existing cities (apartments) • Novo-Orlovskij 10/2006, starting • from 2008 (over 15,500) • Entering new big and satellite cities (apartments) • Kazan 5/2006 (over 1,000) • Jekaterinburg 10/2006 (ab. 300) • Moscow City 10/2006 (ab. 150) • Jaroslavl 10/2006 (ab. 160)

21. YIT Group invested capital Mar/2007 Dec/2005 Dec/2006 Russia 26% MEUR 314 Russia 23% MEUR 279 Russia 11% MEUR 100 Other YIT Group 89% MEUR 799 Other YIT Group 77% MEUR 928 Other YIT Group 74% MEUR 898 Total Dec/2005 MEUR 899 Total Mar/2007 MEUR 1,212 Total Dec/2006 MEUR 1,207 Invested capital= balance sheet total - non interest-bearing liabilities

22. Business insight Capital Markets Days • 2003 St Petersburg • 2004 Oslo, Building Systems Day • ABB acquisition and new management • 2005 Lithuania • New management and revised strategic target levels • 2006 Moscow • Russia 50% growth target

23. IFRS • Big accounting changes • Balance sheet, gearing, profit margin • Pre-IFRS date communications to the market about major changes • Internal working group 6 months (accounting, IR, communications) • Stock exchange bullet, analyst and investor event • No surprises!

24. Principal shareholders April 30, 2007 Total number of shareholders 13,474.Share capital EUR 146,688,843.82

25. International ownership 4/2007:50.4% 2002 2003 2004 2005 2006 2007

26. Trading and volatility Trading as percentage of share capital % Volatility sep 2003 28 % (3,5 years) Volatility jan 2006 24 % (3,5 years) 2001 2002 2003 2004 2005 2006

27. Number of shareholders YIT Corporation was formed on September 2, 1987. YIT’s share has been quoted on Helsinki Exchanges since September 4, 1995.

28. Thank you for your attention More information on our web site www.yitgroup.com