Group CEO Reino Hanhinen Event for analysts and investors YIT Group Financial Statements 2003 Group CEO Reino Hanhinen Event for analysts and investors 20 February 2004 20 February 2004 | YIT CORPORATION

YIT Group Financial Statements 2003 Appendices A. YIT Group´s segments Building Systems Construction Services Services for Industry Data Network Services B. Implementation of IAS/IFRS-regulations C. Financial figures 2003 20 February 2004 | YIT CORPORATION

YIT Group 20 February 2004 | YIT CORPORATION

Restructurings in line with strategy continued Year 2003 Restructurings in line with strategy continued Following the Building Systems acquisition, YIT became the leading company providing Building Systems services in the Nordic countries measured in terms of net sales. The acquisition was in line with YIT’s strategy to expand building systems investment and maintenance services in the Nordic countries. At the end of year 2003 YIT commenced residential construction around Moscow through a YIT-majority owned joint venture named ZAO YIT Ramenje. The start-up of residential construction in the Moscow area is in line with YIT’s strategy and opens up significant markets for the company. YIT sold Makroflex which manufactured sealants and thermal insulation materials. In line with its strategy, YIT has divested itself of the industrial production operations and focused on its core business which is to provide implementation and maintenance services. 20 February 2004 | YIT CORPORATION

Year 2003 YIT share In 2003 the increase in YIT's share price was 60.2 per cent. The HEX Portfolio Index increased by 16.2 per cent and the HEX All-share Index by 4.4 per cent. Share turnover also grew significantly especially during the latter half of the year after the Building Systems acquisition. In 2003 the turnover was 50 per cent of the shares outstanding (2002: 35 per cent). YIT is part of the HEX25 Index starting from 2 February 2004. The Board of Directors propose that a dividend of EUR 1.20 per share be paid out which is 73.2 per cent of earnings per share. During the last nine years YIT has raised the company's dividend per share. 20 February 2004 | YIT CORPORATION

Year 2003 – financial statements Net sales growth of 36% amounting to EUR 2,389.7 million (2002: 1,763.0). The share of acquired Building Systems operations amounted to EUR 335.1 million. Order backlog growth was 59% amounting to EUR 1,490.1 million (938.8). The share of acquired Building Systems operations amounted to EUR 374.8 million. Profit before taxes was EUR 84.4 million (77.6). Return on investment 16.8% (17.8%). Operative cash flow continued to be strong and amounted to EUR –54 million before taxes. The cash flow includes the Building Systems transaction price of EUR 169 million and was EUR 115 million before this acquisition related cash item. Earnings per share amounted to EUR 1.64 (1.49; exclusive of residual tax 1.86). The share of net sales accounted for by service and maintenance operations grew up to EUR 643.5 million (425.1) which was 27% (24%) of net sales. 20 February 2004 | YIT CORPORATION

YIT’s corporate structure YIT Corporation Reino Hanhinen Corporate Management, Corporate Services, Corporate Communications Building Systems Juhani Pitkäkoski Construction Services Ilpo Jalasjoki Services for Industry Raimo Poutiainen Data Network Services Hannu Leinonen Building Systems Automation and security Property maintenance services Housing Business environments Infrastructure Piping and tanks Maintenance Fixed networks Mobile networks Net sales 2003 MEUR 681* Personnel 12/2003 11,812 Net sales 2003 MEUR 1,399 Personnel 12/2003 5,268 Net sales 2003 MEUR 210 Personnel 12/2003 3,117 Net sales 2003 MEUR 130 Personnel 12/2003 1,463 * Acquired Building Systems business consolidated into YIT Group Aug. 29 – Dec. 31, 2003 20 February 2004 | YIT CORPORATION

Major acquisitions and divestments YIT’s life-cycle service chain and geographical expansion 27.2.2018 Construction in Moscow Oblast ZAO YIT Ramenje (2003) Building systems maintenance and upkeep services YIT Building Systems (2003) ACQUISITIONS Telecom network maintenance YIT Primatel (2002) Jointing insulation business Makroflex (2003) Construction in Estonia AS FKSM (2001) Building systems maintenance and upkeep services YIT Calor (2001) Surface-treatment business (2001) Testing business Huber Testing Oy (2000) Construction in Lithuania AB YIT Kausta (1999) Property maintenance services YIT Rapido (1999) Steel construction PPTH Teräs Oy (1999) Construction in St Petersburg and Russia ZAO YIT Lentek (1997) Industrial maintenance YIT Service (1996) DIVESTMENTS Building systems maintenance and upkeep services YIT Huber (1995) 20 February 2004 | YIT CORPORATION YIT-YHTYMÄ OYJ

Strengthening the market position on strategic business areas In terms of net sales, YIT is the market leader in all of its segments in Finland. In Building Systems, YIT is the leading company in the Nordic countries. Construction markets in the Baltic countries and Russia are YIT´s strategic expansion areas. BUILDING SYSTEMS YIT Building Systems (Sweden) Net sales 2003 MEUR 305 Personnel 12/2003 4,266 Local offices 159 YIT Kiinteistötekniikka Oy (Finland) 1 Net sales 2003 MEUR 241 Personnel 12/2003 3,819 Local offices 79 YIT Building Systems AS (Norway) Net sales 2003 MEUR 98 Personnel 12/2003 2,719 Local offices 63 YIT A/S (Denmark) Net sales 2003 MEUR 37 Personnel 12/2003 1,008 Local offices 13 CONSTRUCTION SERVICES DATA NETWORK SERVICES Baltic States - AS FKSM, Tallinn - AB YIT Kausta, Kaunas - YIT Latvija SIA, Riga Russia - ZAO YIT Lentek, St. Petersburg - ZAO YIT Genstroi, Moscow - ZAO YIT Ramenje, Moscow Net sales 2003 MEUR 204 - Personnel about 1,500 1Includes the Baltic and Russian operations 20 February 2004 | YIT CORPORATION

YIT’s main strategy and strategic focus YIT’s main strategy is profitable growth Strategic focus in the near future is cash flow generation and cost efficiency Special emphasize in operations on efficient use of capital and increasing productivity 20 February 2004 | YIT CORPORATION

YIT’s strategic target levels Average annual growth in net sales 5–10% Return on investment 18% Equity ratio 40% Dividend payout 30–50% of net profit for the year after taxes and minority interests 20 February 2004 | YIT CORPORATION

YIT share and HEX25 indexed development 1.1.2003 – 18.2.2004 YIT 83% HEX25 23% Source: Reuters 20 February 2004 | YIT CORPORATION

Market capitalization 1994 – 18 February 2004 M€ 20 February 2004 | YIT CORPORATION

YIT’s average daily turnover January 2003 – February 2004 140,000 118,702 120,000 100,000 Average 64,522 82,731 80,000 62,916 58,389 60,000 Average 37,143 53,430 52,933 52,668 44,955 42,796 40,893 40,000 31,719 27,663 29,044 23,779 20,000 January March April May February June July August September October November December January Up until 18 February Before Building Systems acquisition After Building Systems acquisition Source: Reuters 20 February 2004 | YIT CORPORATION

Consolidated income statement 43.0 77.6 -12.2 5.1% 89.8 -12.8 -16.9 -1,643.5 386.9 1,763.0 2002 13% -14.4 Amortization of goodwill 48.4 Profit for the financial year 9% 84.4 Profit before taxes Extraordinary expenses Extraordinary income Profit before extraordinary items 16% -14.2 Financial income and expenses (net) 4.1% as percentage of net sales 10% 98.6 Operating profit 38% -23.4 Depreciation and value adjustments 37% -2,253.3 Operating income and expenses 74% 672.5 Net sales outside Finland 36% 2,389.7 Net sales Change 2003 MEUR 20 February 2004 | YIT CORPORATION

Consolidated Balance Sheet 1,038.2 28.2 10.7 503.5 338.1 7.1 7.2 61.9 71.8 9.7 2002 9% 78.0 Goodwill on consolidation 50% 1,555.5 Total assets 72% 48.4 Cash in hand and at bank 11% 11.9 Marketable securities 55% 781.0 Receivables 13% 380.8 Inventories 7.9 Other investments Own shares Investments 8% 66.8 Tangible assets 1,763% 180.7 Intangible assets ASSETS Change 2003 MEUR 20 February 2004 | YIT CORPORATION

Consolidated Balance Sheet 1,038.2 509.7 138.2 14.2 2.9 313.7 59.5 2002 50% 1,555.5 Total liabilities 78% 905.6 Current liabilities 53% 210.9 Non-current liabilities 92% 27.3 Provisions 17% 3.4 Minority interests 11% 347.3 Other shareholders’ equity 3% 61.0 Share capital LIABILITIES Change 2003 MEUR 20 February 2004 | YIT CORPORATION

* Consolidated into YIT Group Aug. 29 – Dec. 31, 2003 Net sales 1994–2003 MEUR 2,389.7 2,500 Acquired Building Systems operations* 335.1 2,000 1,763.0 1,623.1 1,500 1,222.1 1,235.4 1,167.7 941.4 1,000 876.3 660.0 545.6 500 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 * Consolidated into YIT Group Aug. 29 – Dec. 31, 2003 Strategic target level: 5–10% per year 20 February 2004 | YIT CORPORATION

Net sales by business segment 1,763.0 -26.3 95.8 2) 240.51) 1,111.8 341.21) 1-12/2002 36% 2,389.7 YIT Group total 12% -29.5 Other items 130.0 Data Network Services -13% 209.7 Services for Industry 26% 1,398.5 Construction Services 100% 681.01) Building Systems Change 1-12/2003 MEUR 1) Acquired Building Systems operations are consolidated into YIT Group Aug. 29 – Dec. 31, 2003. Net sales figures 2002 of Building Systems and Services for Industry business segments are pro forma. 2) Jun.–Dec./2002. 20 February 2004 | YIT CORPORATION

Operating profit 1994–2003 MEUR 20 February 2004 | YIT CORPORATION

Operating profit by business segment MEUR 1-12/2003 1-12/2002 Change Construction Services 107.8 1) 70.3 53% Data Network Services 10.7 6.02) 78% Building Systems -19.7 3) - - Services for Industry 8.8 - - (YIT Installations) 4) - 21.1 - Other items -9.0 -7.6 18% YIT Group total 98.6 89.8 10% 1) Operating profit of International Operations includes about EUR 30 million in capital gains from the sale of Makroflex. Operating profit of YIT Business Premises was reduced by the sum of EUR 5.7 million recorded as a loss by YIT on the basis of a ruling by the Helsinki District Court. The ruling concerned the conversion and additional works involved in the refurbishing of SOK’s former head office building. YIT has appealed the decision. 2) Jun.–Dec./2002. 3) Operating profit of Building Systems business segment is burdened by EUR 5.8 million integration costs and EUR 11.5 million downscaling expenses of the acquired Building Systems operations in Sweden. 4) Distribution of YIT Installations’ operating profit could not be calculated accurately afterwards. 20 February 2004 | YIT CORPORATION

Order backlog at the end of year 1994–2003 MEUR 1,490.1* 938.8 735.8 574.7 477.5 479.1 411.7 332.8 346.1 319.7 * The share of order backlog accounted for by the acquired Building Systems operations was EUR 374.8 million. 20 February 2004 | YIT CORPORATION

Order backlog by business segment 59% 9% -21% 32% 257% 94.0 102.9 Change 94.0 102.9 Data Network Services 938.8 84.91) 619.3 140.61) 12/2002 1,490.1 YIT Group total 67.2 Services for Industry 817.7 Construction Services 502.31) Building Systems 12/2003 MEUR 1) The share of order backlog accounted for by the acquired Building Systems operations was EUR 374.8 million 12/2003. Order backlog 2002 of Building Systems and Services for Industry business segments are pro forma. 20 February 2004 | YIT CORPORATION

Return on investment 1994–2003 Strategic target level: 18% % 21.2 21.6 22 20 17.8 18 16.8 15.5 16 14.5 13.7 14 11.8 12 10 8 7.1 6.0 6 4 2 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Strategic target level: 18% 20 February 2004 | YIT CORPORATION

Equity ratio 1994–2003 Strategic target level: 40% % 20 February 2004 | YIT CORPORATION

Operative cash flow before taxes 1999–2003 MEUR 170 115 * 120 80 78 59 63 70 20 1999 2000 2001 2002 2003 -30 -54 -80 *Cash flow before EUR 169.2 million transaction price of Building Systems acquisition paid on August 29, 2003. Operative cash flow before taxes = Cash flow from operating activities + Change in working capital + Cash flow from investing activities 20 February 2004 | YIT CORPORATION

Gross capital expenditures MEUR % of net sales Major acquisitions: YIT Calor (2001), YIT Primatel (2002) and YIT Building Systems (2003). 20 February 2004 | YIT CORPORATION

Earnings per Share and Dividend per Share 1994–2003 EUR 2.50 2.14 *) 2.00 1.90 1.86 1.64 1.59 1.50 1.49 1.23 1.00 0.88 0.98 1.20 0.85 0.90 0.75 0.50 0.60 0.29 0.42 0.08 0.34 0.25 0.00 -0.05 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 -0.50 * excl. residual tax of EUR 10.9 million Earnings/Share Dividend/share YIT´s dividend policy: 30–50% of the annual profit after taxes and minority interests 20 February 2004 | YIT CORPORATION

Expanding maintenance services Net sales of maintenance and upkeep services and their share of the entire Group’s net sales MEUR 27% 24% 24% 22% 20% 20 February 2004 | YIT CORPORATION

Personnel at the end of year 1994–2003 24,000 Year 2003: growth 74% 21,939 22,000 20,000 18,000 16,000 14,000 12,633 12,000 10,264 10,000 8,282 8,605 7,655 7,536 8,000 7,116 6,421 6,000 4,225 4,000 2,000 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 20 February 2004 | YIT CORPORATION

Principal shareholders Jan. 31, 2004 No. % 1. Suomi Mutual Life Assur. Company 2,937,370 9.62 2. Sampo Life Insurance Company Ltd 2,667,780 8.74 3. Tapiola Group 2,037,395 6.68 4. Varma Mutual Pension Ins. Company 2,005,352 6.57 5. Pohjola Group 1,121,200 3.68 6. Ilmarinen Mutual Pension Ins.Co 1,028,500 3.37 7. Security Trading Ltd 700,000 2.29 8. Local Government Pensions Inst. 600,000 1.97 9. Etera Mutual Pension Ins. Company 419,400 1.37 10. Kaleva Mutual Insurance Company 408,950 1.34 Nominee-registered 6,165,655 20.20 Other shareholders 10,431,773 34.17 Total 30,523,375 100.00 Total number of shareholders 5,231. Nominal value of the share EUR 2.00. Share capital EUR 61,046,750. 20 February 2004 | YIT CORPORATION

Nominee-registered shareholders + other international ownership as percentage of equity 1999 2000 2001 2002 2003 2004 20 February 2004 | YIT CORPORATION

Number of shareholders at the end of the year +51% YIT Corporation was established on September 2, 1987. 20 February 2004 | YIT CORPORATION

Market Outlook The downswing in the Nordic economy is bottoming out. 27.2.2018 Market Outlook The downswing in the Nordic economy is bottoming out. GDP of Nordic countries is estimated to grow by 2.5–3.0% in the next few years. In Russia and the Baltics the growth rate is twofold. Demand for housing is expected to continue vividly as a result of migration, interest rate level and the income development of households. Investments for industry are expected to start up at the end of year 2004. In Finland many large infrastructure projects within transport are starting. 20 February 2004 | YIT CORPORATION YIT-YHTYMÄ OYJ

27.2.2018 Future Outlook In 2004 YIT Group’s net sales will grow significantly and pre-tax earnings is estimated to improve on last year’s figure. The Building Systems acquisition is expected to have a positive effect on earnings per share from 2004 onwards. YIT’s equity ratio declined due to the debt financing of the Building Systems acquisition. The aim is to return the equity ratio to the strategic target level of 40 per cent by 2006 at the latest. 20 February 2004 | YIT CORPORATION YIT-YHTYMÄ OYJ

Construction Services YIT Group´s segments Building Systems Construction Services Services for Industry Data Network Services 20 February 2004 | YIT CORPORATION

Breakdown of the net sales of Building Systems 2003 YIT Building Systems Sweden 45% 305 MEUR YIT A/S Denmark 6% 37 MEUR YIT Building Systems AS Norway 14% 98 MEUR YIT Kiinteistötekniikka Oy Finland1) 35% 241 MEUR Net sales 681.0 MEUR 2) 1) Includes the Russian and Baltic operations 2) Acquired Building Systems operations are consolidated into YIT Group Aug. 29 – Dec. 31, 2003 20 February 2004 | YIT CORPORATION

Building Systems Integration The integration process that started at the beginning of September has been going forward according to plans and the goals set for the first 100 days were achieved. YIT estimates that the acquisition will yield annual synergy benefits of about EUR 10 million from 2004 onwards. In 2003 the integration costs were EUR 5.8 million. In 2004 they are estimated to come to EUR 3 million. The main items making up the integration costs are information technology, changing the external identity of YIT and training for the personnel. Cash flow from the acquired business operations has been at a good level as expected. 20 February 2004 | YIT CORPORATION

Building Systems Action programme in Sweden At the beginning of October, an action programme was started up to pull the acquired Building Systems business into the black in Sweden as well from 2004 onwards. The main aspects of the action programme are the reduction of fixed costs and downscaling operations to match demand in loss-making areas. The action programme has been going forward according to plans and it affected a total of 320 people. In 2003, the costs of downscaling measures were EUR 11.5 million. The measures aim to achieve cost-savings totalling about EUR 20 million per year. The measures will begin to have a partial influence on earnings in 2004, coming to full effect in 2005. YIT will continue to make active outlays on the development of operations in Sweden with the aim of achieving market leadership in this field. 20 February 2004 | YIT CORPORATION

Building Systems Wide range of services Building service and upkeep Fire protection Plumbing & heating Ventilation Electrification Automation Energy analyses Safety, access control Air conditioning Information technology Facility maintenance HelpDesk- and control systems Maritime electrification Facility management Outsourcing Process ventilation Instrumentation Surveys of building system 20 February 2004 | YIT CORPORATION

Construction Services Net sales by division 2003 Building Construction 62% 869 MEUR *) - Residential construction 53% International Operations 15% 204 MEUR Infraservices 9% 126 MEUR - Other building construction 9% YIT Business Premises 14% 201 MEUR Net sales 1,398.5 MEUR *) Net sales of Building Construction include so-called double net sales related to developer contracting (sale of company-built condominium shares) of EUR 237.7 million (156.6). 20 February 2004 | YIT CORPORATION

Construction Services Operating profit by division 2003 Building Construction 59% 65.8 MEUR International Operations 32% 35.9 MEUR 1) YIT Business Premises 7% 7.5 MEUR 1) Infraservices 2% 2.6 MEUR Operating profit 107.8 MEUR 1) Operating profit of International Operations includes about EUR 30 million in capital gains from the sale of Makroflex. Operating profit of YIT Business Premises was reduced by the sum of EUR 5.7 million recorded as a loss by YIT on the basis of a ruling by the Helsinki District Court. The ruling concerned the conversion and additional works involved in the refurbishing of SOK’s former head office building. YIT has appealed the decision. 20 February 2004 | YIT CORPORATION

Construction Services Migration between municipalities in Finland Persons 2003: 275,157 2002: 273,026 Source: Statistics Finland Jan 21, 2004 20 February 2004 | YIT CORPORATION

Housing loans and interest rates in Finland Withdrawals of housing loans, MEUR Average interest rate of new housing loans MEUR Average interest rate of housing loans, new EU-series % Withdrawals of housing loans, MEUR, new EU-series 1,600 14 100 200 300 400 500 600 700 800 900 1,000 1,100 1,200 1,500 1,400 12 1,300 10 8 6 4 2 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 Source: Bank of Finland, Jan. 30, 2004 20 February 2004 | YIT CORPORATION

Construction Services Number of start-ups in YIT’s housing production in Finland number 3,278 3,169 3,108 2,944 2,634 20 February 2004 | YIT CORPORATION

Construction Services YIT starts up residential construction around Moscow YIT announced on 19 December 2003 that it will commence residential construction around Moscow. YIT Construction Ltd will establish a joint venture named ZAO YIT Ramenje with the Moscow-based residential building contractor ZAO Zhilishsnaja Assosiatsija Ramenje. The start-up of residential construction in the Moscow area is in line with YIT’s strategy and opens up significant markets for the company. In 2004 YIT Ramenje is estimated to start about 1,400 residential units within the area around Moscow. YIT has already been building residences in St Petersburg for several years. In 2004 YIT is estimated to start about 3,000 residential units in Russia and the Baltic countries. During the subsequent years the number of start-ups will already be higher than in Finland. YIT also builds housing in Estonia and Lithuania. 20 February 2004 | YIT CORPORATION

Services for Industry Net sales division 2003 Net sales 209.7 M€ Investments 44% 92.9 M€ Maintenance and upkeep services 56% 116.8 M€ Net sales 209.7 M€ 20 February 2004 | YIT CORPORATION

Services for industrial investments Maintenance Services for industrial investments Partnership agreements for operation of production plants Mechanical maintenance and installations Electrical- and automation maintenance and installations Modernisation Facilities operation and management Spare-part and accessories logistics Piping systems, pressure vessels and equipment Steam boilers Cisterns, gas bells, pulp towers Appliances,modules, components for pipe systems Electricity and automation installations 20 February 2004 | YIT CORPORATION

Large investment projects to be started Services for Industry Large investment projects to be started in the near future FIN 5 Finland’s fifth nuclear power plant Fortum Diesel in Porvoo, Finland Process furnaces and piping, electrification, automatization M-real Oyj Piping and cistern deliveries to chemical mechanical pulp mill TVO (Teollisuuden Voima) Modernization of high-pressure turbines Stora Enso Bleaching plant of Summa paper mill, Finland Soda recovery plant of Skoghall mill, Sweden Modernization of fibre line in Kvarnsveden mill, Sweden 20 February 2004 | YIT CORPORATION

Breakdown of the net sales of Data Network Services 2003 Maintenance, repairs and subscriber deliveries 61% 79.3 MEUR Project operations 39% 50.7 MEUR Net sales 130.0 MEUR 20 February 2004 | YIT CORPORATION

Data Network Customers Users of Tele and Data Network Services Our service strategy is to support customers’ business operations in all data networks through the whole life-cycle. Planning Construction Maintenance Operation IT-technical support Operators System suppliers Producers Organisation`s IT-administrations Data Network Services Data Network Customers MOBILE NETWORKS Users of Tele and Data Network Services FIXED NETWORKS SERVICE LINE OPERATIONS DATA NETWORKS IT-support 20 February 2004 | YIT CORPORATION

Implementation of IAS/IFRS-regulations 20 February 2004 | YIT CORPORATION

Implementation of IAS/IFRS-regulations YIT starts to report according to IAS/IFRS-regulation starting from 2005. Central changes in the accounting principles are the elimination of the so-called double net sales related to developer contracting, changes in the recording of income and the recording of 10-year liabilities. The recording of income will follow the principle of degree of completion multiplied by the degree of sale. Currently projects have been booked in the income statement on the basis of the degree of completion or the degree of sales whichever is lower. 10-year liabilities will be recorded according to IAS as provisions for liabilities and charges in the balance sheet when they currently are recorded as expenses when occurred. The changes in the recording of income in developer contracting will reduce the total sum of the balance sheet. 20 February 2004 | YIT CORPORATION

Financial figures 2003 20 February 2004 | YIT CORPORATION

Key Figures 2003 2002 Change Return on investment 16.8% 17.8% Return on equity 12.5% 12.2% Net interest-bearing debt, EUR mill. 204.4 104.1 96% Equity ratio 28.3% 38.2% Gearing ratio 49.6% 28.2% Earnings/share, EUR 1.64 1.49 10% Equity/share, EUR 13.38 12.54 7% Dividend/share, EUR 1.20*) 0.90 33% Dividend/earnings 73.2% 60.4% YIT-share closing rate EUR, 12/31/2003 26.90 16.79 60% Capital expenditures, MEUR 232.9 60.6 284% Backlog of orders, EUR million 1,490.1 938.8 59% Personnel 12/31/2003 21,939 12,633 74% *) Proposal of Board of Directors 20 February 2004 | YIT CORPORATION

Net sales 1994–2003 MEUR International Finland 2,500 2,250 2,000 1,750 2,398.7 2,250 2,000 1,763.0 1,623.1 1,750 1,500 1,717.2 1,222.1 1,235.4 1,167.7 1,250 941.4 876.3 1,376.1 1,000 1,292.6 660.0 750 545.6 967.7 1,056.8 1,089.0 500 718.9 770.3 503.8 410.4 672.5 250 330.5 386.9 135.2 156.2 157.4 171.1 200.0 165.3 146.4 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 International Finland 20 February 2004 | YIT CORPORATION

of which net sales outside Finland 672.5 MEUR Net sales by business segment 2003 Building Systems 28% 681 MEUR *) Data Network Services 5% 130 MEUR Services for Industry 9% 210 MEUR Construction Services 58% 1,399 MEUR Total 2,389.7 MEUR, of which net sales outside Finland 672.5 MEUR *) Acquired Building Systems operations are consolidated into YIT Group Aug. 29 – Dec. 31, 2003. 20 February 2004 | YIT CORPORATION

of which net sales outside Finland 672.5 MEUR Net sales by country 2003 Finland 72% 1,717 MEUR Other countries 1% 35 MEUR Russia 3% 79 MEUR Baltic countries 5% 112 MEUR Other Nordic countries 19% 446 MEUR Total 2,389.7 MEUR, of which net sales outside Finland 672.5 MEUR Acquired Building Systems operations in Finland, Sweden, Norway, Denmark, Russia and the Baltic states are consolidated into YIT Group Aug. 29 – Dec. 31, 2003. 20 February 2004 | YIT CORPORATION

Operating profit by business segment 2003 MEUR Building Systems1) Construction Services2) Services for Industry Data Network Services Other items Operating profit 98.6 MEUR 1) Operating profit of Building Systems business segment is burdened by EUR 5.8 million integration costs and EUR 11.5 million downscaling expenses of acquired Building Systems business operations in Sweden. 2) Operating profit of International Operations includes about EUR 30 million in capital gains from the sale of Makroflex. Operating profit of YIT Business Premises was reduced by the sum of EUR 5.7 million recorded as a loss by YIT on the basis of a ruling by the Helsinki District Court. The ruling concerned the conversion and additional works involved in the refurbishing of SOK’s former head office building. YIT has appealed the decision. 20 February 2004 | YIT CORPORATION

Net sales by quarter MEUR 20 February 2004 | YIT CORPORATION

Operating profit by quarter MEUR 20 February 2004 | YIT CORPORATION

Order backlog by business segment December 31, 2003 Building Systems 34% 502 MEUR *) Data Network Services 7% 103 MEUR Services for Industry 4% 67 MEUR Construction Services 55% 818 MEUR Total order backlog 1,490.1 MEUR, of which order backlog outside Finland 569.5 MEUR * The share of the order backlog accounted for by the acquired Building Systems operations was EUR 374.8 million 12/2003. 20 February 2004 | YIT CORPORATION

Order backlog by quarter 1999–2003, MEUR at the end of period 1,600 1,490.1 1,400 1,200 1,000 800 600 400 200 1999 2000 2001 2002 2003 20 February 2004 | YIT CORPORATION

Average personnel 1999–2003 16,212 11,990 10,118 8,721 8,189 20 February 2004 | YIT CORPORATION

Personnel by business segment December 31, 2003 Building Systems 54% 11,812 Corporate services 1% 279 Data Network Services 7% 1,463 Services for Industry 14% 3,117 Construction Services 24% 5,268 Total 21,939 20 February 2004 | YIT CORPORATION

Personnel by country December 31, 2003 Total 21,939 Finland 55% 12,115 Russia 3% 701 Denmark 5% 1,008 Baltic countries 5% 1,117 Norway 12% 2,719 Sweden 20% 4,279 Total 21,939 20 February 2004 | YIT CORPORATION

Corporate Communications More information on our site at www.yit.fi Veikko Myllyperkiö Vice President, Corporate Communications tel. 020 433 2297 mobile 040 840 2500 fax 020 433 3746 e-mail: veikko.myllyperkio@yit.fi Esko Mäkelä Executive Vice President tel. 020 433 2258 fax 020 433 3725 e-mail: esko.makela@yit.fi Petra Thorén Manager, Investor Relations tel. 020 433 2635 mobile 040 764 5462 fax 020 433 3725 e-mail: petra.thoren@yit.fi 20 February 2004 | YIT CORPORATION