1. YIT | 1 | Financial Statements 2013 Novo Orlovsky St. Petersburg, Russia Actions according to demanding market – Sales and cash flow in focus Financial Statements 2013 Kari Kauniskangas, President and CEO I February 6, 2014

2. YIT | 2 | Financial Statements 2013 Group development Business review at segment level Financial position and key ratios Dividend proposal Looking ahead Appendices Contents Note: Figures in this presentation are related to construction business ie. continuing operations, unless otherwise stated Ramenskoye Moscow Oblast, Russia

3. Group development

4. YIT | 4 | Financial Statements 2013 Highlights in Q4/13 Profitability, sales and order backlog Sales volume in Russia on a good level, Finnish market still demanding Sales volume in Russian Housing on a good level, price level remained stable Specification and re-allocation of area costs in projects in Moscow Oblast impacted profitability Excellent development in other regions in Russia High activity in investor deals in Finnish Housing Apartment sales to consumers improved towards the end of the year Profitability remained on a good level in Infra Services, and the E18 project was selected as “construction site of the year” in Finland Weak performance in Business Premises Cash flow clearly positive Group development Strategy implementation Good progress in large-scale projects and capital release Two large area development projects started in St. Petersburg Final decisions by Helsinki City Council, Parliament of Finland and Senate Properties concerning the Tripla project, contract signed in January 2014 Actions to improve sales, cash flow as well as capital and cost efficiency starting to bear fruit Group segment structure renewed according to the Group’s new management structure and business areas as of 2014

5. YIT | 5 | Financial Statements 2013 Solid order backlog, revenue slightly down 20122013 Order backlog (EUR million) Change Q4/12 – Q4/13: -2% Revenue (EUR million) Change Q4/12 – Q4/13: -6% All figures according to segment reporting (POC) 20122013 Group development

6. YIT | 6 | Financial Statements 2013 Operating profit (EUR million) Change Q4/12 – Q4/13: -39%, -38% excluding non-recurring items Earnings per share (EUR) Change Q4/12 – Q4/13: -46% Operating profit decreased clearly in Q4/13 All figures according to segment reporting (POC) 2012201320122013 Operating profit% of revenue Group development *A EUR 10.0 million cost provision covering costs related to the ammonia case in St. Petersburg was made in Q3/11. EUR 7.0 million of the provision was released in Q3/12. EUR 1.2 million non-recurring restructuring costs in Q4/13, of which EUR 1.0 million allocated to Construction Services Finland

7. YIT | 7 | Financial Statements 2013 EBIT bridge from Q4/12 to Q4/13 excluding non-recurring items Change EUR million All figures according to segment reporting (POC) Group development Note: EUR 1.2 million non-recurring restructuring costs in Q4/13, of which EUR 1.0 million allocated to Construction Services Finland

8. YIT | 8 | Financial Statements 2013 EBIT bridge from 2012 to 2013 excluding non-recurring items Change EUR million All figures according to segment reporting (POC) Group development Note: A EUR 10.0 million cost provision covering costs related to the ammonia case in St. Petersburg was made in Q3/11. EUR 7.0 million of the provision was released in Q3/12. EUR 1.2 million non-recurring restructuring costs in Q4/13, of which EUR 1.0 million allocated to Construction Services Finland

9. Construction Services Finland

10. YIT | 10 | Financial Statements 2013 Order backlog (EUR million) Change Q4/12 – Q4/13: -5% Revenue (EUR million) Investor sales in Housing and weakness in Business Premises impacted results Change Q4/12 – Q4/13: -5% Operating profit (EUR million) Change Q4/12 – Q4/13: -43%, -41% excluding non-recurring items Operating profit% of revenueAll figures according to segment reporting (POC) Construction Services Finland 201220132012201320122013 *EUR 1.2 million non-recurring restructuring costs in Q4/13, of which EUR 1.0 million allocated to Construction Services Finland

11. YIT | 11 | Financial Statements 2013 Consumer sales volume satisfactory – High activity in investor deals Sold apartments (pcs) Apartments for sale (pcs) At the end of the period To investors (funds) To consumers Under construction Completed 2012 2013 2012 2013 Q4/13: 55% directly to consumers (87% in Q4/12) 12/13: 26% of apartments for sale are completed (12/12: 20%) Construction Services Finland Success in reducing the number of completed unsold apartments Active sales to investors Investor sales to Ålandsbanken Housing fund, Orava Residential REIT and Yrjö and Hanna Foundation in Q4/13 Consumer sales improved towards the end of the year Sales to consumers have focused on apartments closer to completion Consumer prices stable in Q4/13 Some improvement in customers’ access to financing Cross-sales of leisure time housing to Russian customers in Eastern Finland continues well Pre-agreement for starting construction of 300 apartments in 2014 signed with Icecapital Sales to consumers slightly over 120 pcs in January

12. YIT | 12 | Financial Statements 2013 Apartment start-ups in Finland (pcs) For investors For consumers Start-ups adjusted to demand, readiness to accelerate production 2012 2013 2012: Total of 2,856 2013: Total of 2,483 Construction Services Finland Full year start-ups for consumers reduced by approx. 11% (y-o-y) to adjust volume to demand Focus of new start-ups in blocks of flats, reasonably priced apartments and projects in central locations with high demand Sales portfolio now better in line with current demand Satisfactory sales inventory: approximately 62% of units for sale medium-range apartments (price EUR 300,000 or less) Construction costs remaining in own- developed projects: EUR 301 million (12/12: 307) Plot acquisitions and development of new projects continued in order to enable flexibility for higher start-ups Apartments under construction (pcs) For sale Sold 12/13: 59% of apartments under construction sold (12/12: 57%) 2012 2013 At the end of the period

13. YIT | 13 | Financial Statements 2013 Low volume and rising investor yields impacted profitability in Business Premises Office properties of the commercial centre Dixi and MotorCenter Espoonlahti sold to Etera Mutual Pension Insurance Company Sales of other own-developed business premises projects currently under construction continue in 2014 Final decisions concerning the Tripla project made by Helsinki City Council, Parliament of Finland and Senate Properties, according to schedule The design and build agreement, the preliminary agreement on the real estate transaction and the turnkey contract signed in January 2014 Good results in Infrastructure E18 Koskenkylä – Kotka PPP -project selected as ”construction site of the year” in Finland Ninth construction contract for the West Metro extension won, total value of approx. EUR 14 million Of all operators involved, YIT has carried out the largest number of contracts related to the project New project to improve Ring III won (approx. EUR 42 million), agreement signed in January 2014 Planning of two new own-developed wind parks started in Q4/13 Highlights in Business Premises and Infrastructure Construction Services Finland Road maintenance Tervakoski, Finland

14. International Construction Services

15. YIT | 15 | Financial Statements 2013 Profitability impacted by area cost re-allocations in Moscow Oblast Order backlog (EUR million)Revenue (EUR million) Change Q4/12 – Q4/13: -6% Operating profit (EUR million) Operating profit% of revenueAll figures according to segment reporting (POC) International Construction Services 201220132012201320122013 Change Q4/12 – Q4/13: -29% Change Q4/12 – Q4/13: 2% 25.7* *A EUR 10.0 million cost provision covering costs related to the ammonia case in St. Petersburg was made in Q3/11. EUR 7.0 million of the provision was released in Q3/12.

16. YIT | 16 | Financial Statements 2013 Sold apartments in Russia Growing sales volume in Russia (pcs, %) Residential sales continued to grow in Q4/13 (8% y-o-y) Prices stable in Q4/13 Share of deals financed with mortgages remained on a good level thanks to mortgage cooperation with partner banks Good demand for smaller apartments Promising demand for recently started projects in St. Petersburg Slightly under 300 apartments sold in January 20122013 Sold apartmentsFinanced with mortgages, % 2012: Total of 4,209 (40%) 2013: Total of 4,480 (44%) International Construction Services

17. YIT | 17 | Financial Statements 2013 Completed, for sale Under construction, for sale Under construction, sold Quality of sales portfolio improved Apartments in Russia (pcs) At the end of the period Measures taken to reduce the number of completed unsold apartments in Russia Sales portfolio now better in line with current demand 37% of apartments under construction were sold (12/12: 35%) 1,024 apartments commissioned in Q4/13 (Q4/12: 2,217) 7,177 apartments for sale at the end of December (12/12: 6,530) 2012 2013 International Construction Services

18. YIT | 18 | Financial Statements 2013 Increasing construction volume – Basis for future growth Strongest y-o-y growth in the regional cities Good development in St. Petersburg Portfolio geographically better balanced Construction costs have continued to grow moderately Construction costs remaining in International Construction Services EUR 590 million (12/12: 554) Apartments under construction by city (pcs) 20122013 At the end of the period Yekaterinburg, Kazan, Rostov-on-Don, Moscow city, Tyumen Moscow Oblast St. Petersburg International Construction Services

19. YIT | 19 | Financial Statements 2013 2012: Total of 5,487 Apartment start-ups in Russia (pcs) Significant area development projects started in St. Petersburg 2011 Pushkin and Novo Orlovsky projects in St. Petersburg started Combined value of the first phases of the projects approx. EUR 140 million Some delays in the permitting process in Moscow Oblast Some start-ups postponed to 2014 New plots acquired in the centre of Rostov-on-Don and in Verhnaya Pyshma, a satellite city of Yekaterinburg Plans for building approx. 6,000 apartments in total Construction is expected to start by the end of 2014 and in 2015, respectively 20122013 2011: Total of 4,492 2013: Total of 5,099 International Construction Services

20. YIT | 20 | Financial Statements 2013 2013: Total of 521 2013: Total of 723 Apartment start-ups in the Baltic countries, the Czech Republic and Slovakia (pcs) Growing housing sales in the Baltic countries, the Czech Republic and Slovakia Housing sales have grown steadily Housing prices have increased slightly Clearly more start ups in 2013 compared to 2012 Total residential units under construction 1,062 (12/12: 715) Focus shifted from tender based projects to own development Tender based volume declined from 2012 2012 2013 2012: Total of 530 2013 2012 Apartment sales in the Baltic countries, the Czech Republic and Slovakia (pcs) 2012: Total of 384 International Construction Services

21. Financial position and key ratios

22. YIT | 22 | Financial Statements 2013 Clearly positive cash flow in Q4/13 Operating cash flow after investments (EUR million) 2012 2013 2012: EUR 50 million Decrease of EUR 54 million in working capital in Q4/13, mostly in Construction Services Finland Active investor sales in Finnish housing and selling of Business Premises projects reduced working capital Cash flow of plot investments EUR 40 million in Q4/13 2013: EUR -88 million Financial position and key ratios

23. YIT | 23 | Financial Statements 2013 Return on investment (ROI) Last 12 months Invested capital EUR million Trend in invested capital turned Strategic target: Return on investment 20% 2012 201320122013 Financial position and key ratios All figures according to segment reporting (POC)

24. YIT | 24 | Financial Statements 2013 All figures according to segment reporting (POC) Unsatisfactory progress in segment ROI’s Operative invested capital, EUR million Operating profit, 12 month rolling, EUR million Return on operative invested capital, 12 month rolling, percent Excluding non-recurring items 2011201220112012 Construction Services FinlandInternational Construction Services 2013 EUR million EUR million Financial position and key ratios

25. YIT | 25 | Financial Statements 2013 Interest-bearing debt (EUR million) Net debt decreased – Liquidity buffer increased Cash and cash equivalentsNet debt 2012 2013 Debt reduced, mainly due to active investor sales in Finnish Housing and selling of Business Premises projects Average interest rate in 12/13: 2.7% Long-term debt maturing in 2014 EUR 122.5 million Liquidity buffer increased to EUR 365.3 million (12/13): Undrawn committed credit facilities EUR 330 million RUB 1.6 billion (EUR 35.3 million) undrawn bank loan Additional new loan agreement was signed in January to secure 2014 refinancing, undrawn amount approx. EUR 62 million Financial covenant tied to the Group’s equity ratio (minimum level of 25.0%) according to Group reporting (IFRS) in bank loans and RCFs Equity ratio (IFRS) 12/13: 34.3% Construction costs remaining in own-developed projects 12/13: EUR 891 million (12/12: 861) Note: 2012 and Q1/2013 non-IFRS figures published May 21, 2013. Financial position and key ratios

26. YIT | 26 | Financial Statements 2013 Equity ratio Percent Gearing Percent Effects of debt reduction seen in Gearing and Equity ratio 2012201320122013 According to group reporting (IFRIC 15) According to segment reporting (POC) Strategic target: Equity ratio 40% Note: 2012 and Q1/2013 non-IFRS figures published May 21, 2013. Financial position and key ratios

27. YIT | 27 | Financial Statements 2013 Weakening of the ruble impacted the 2013 numbers The Russian ruble weakened 11% against the euro during 2013 The average rate for 2013 (EUR/RUB: 42.34) was 6% weaker than the 2012 average level EUR/RUB 31.1.2014: 47.75 Principles of managing currency risks Main currency risk relates to the Russian ruble Sales and costs typically in same currency locally, and all foreign currency items hedged  no transaction impact for the subsidiaries Currency positions which affect the income statement are hedged Loans made available to subsidiaries in local currency (excluding equity-like investments in Russia) External loans in foreign currency All purchases in foreign currency Equity and equity-like investments in Russia are considered as long term investment of permanent nature and not hedged. FX changes recognized as translation difference in equity Total exposure: EUR 407.7 million in 12/13 Impact of changes in foreign exchange rates (EUR million)* Q4/20132013 Sales, POC-14.1-30.6 EBIT, POC-2.1-4.7 Order backlog, POC-140.1 Equity, IFRS (translation difference) -13.6-50.3 Financial position and key ratios * Compared to the corresponding period in 2012

28. Dividend proposal

29. YIT | 29 | Financial Statements 2013 *) Proposed by the Board *) Strategic target: Dividend payout 40-60% of net result Dividend / share EUR Note: Historical figures are YIT Group pre demerger Payout ratio Percent Note: Historical figures are YIT Group pre demerger Board proposal to AGM: Dividend according to strategic target *)

30. Looking ahead

31. YIT | 31 | Financial Statements 2013 Key achievements post demerger Progress in strategic projects The Tripla project in Pasila, Helsinki Own-developed wind power projects in Finland City plan for several large area development projects in Russian Housing Several key plot acquisitions of new area projects in Finland, Russia and Slovakia Organizing the operations and adjusting the cost structure according to the new management structure and current market environment in Finland Further development of the land bank Specific actions to improve capital efficiency starting to gradually bear fruit Foundation for new YIT laid Values and leadership principles as well as vision and mission defined and implementation is ongoing Ramenskoye Moscow Oblast, Russia Looking ahead

32. YIT | 32 | Financial Statements 2013 Measures for capital release accelerated in Q4/13 Target for capital releaseAction in Q4/13Progress Reducing the inventory of unsold completed apartments in Finland >EUR 50 million Active sales to investors covering a wide variety of apartments Decrease in inventory of EUR 3.5 million Selling own-developed business premises projects (currently under construction) EUR 80 million Phase 1 of the office properties of Tikkurila Commercial Centre Dixi and Motorcenter Espoonlahti sold to Etera Mutual Pension Insurance Company Sales value of approx. EUR 30 million* (revenue recognized only partly) Slow-moving assets >EUR 150 million Slow-moving assets sold in the Moscow Oblast and St. Petersburg EUR 18 million sold or agreed (revenue recognized only partly) New off-balance sheet partnership models in plot acquisitions >EUR 100 million Continuous cooperation with existing partner Discussions with other possible investors and partners initiated The value of plots financed by external partners EUR 7.8 million *In addition approx. EUR 30 million worth Phase 2 of office properties of Tikkurila Commercial Centre Dixi sold to Etera Mutual Pension Insurance Company Looking ahead

33. YIT | 33 | Financial Statements 2013 Financial targets for 2014 – 2016 – Growth target revised Strategic targetTarget levelStatus in 2013 Revenue growth 5 - 10% annually on average (Previously: More than 10% annually on average) -5.1% Return on investment (rolling 12 months) 20%10.3% Cash flow Operating cash flow after investments sufficient for dividend payout and reduction of debt EUR -87.9 million Equity ratio40%37.8% Dividend Dividend payout 40 to 60% of net profit for the period 50.7%* Segment figures (POC) * Proposed by the Board Looking ahead Progress in strategic projects supports YIT’s growth The business is managed according to the current market situation, with focus on: Profitability Improving cash flow and ROI Increasing capital efficiency YIT revises its growth target New target: Revenue growth of 5 - 10% annually on average Old target: Revenue growth of more than 10% annually on average YIT´s other financial targets were kept unchanged

34. YIT | 34 | Financial Statements 2013 Roadmap to ROI > 20% Note: Charts are illustrative Market normalisation Design management Sales tactics Inventory reduction in Finland Releasing slow-moving assets External plot funds Strengthening position in Finland Profitable growth in emerging markets Operational leverage Design management Sales tactics Market normalisation Higher share of own development Invested capital EBIT ROI Off-balance sheet partnerships facilitate growth without incremental invested capital Looking ahead Both EBIT and invested capital EBIT Housing Clear plan for reaching the target of ROI > 20% Capital release and improved capital turnover to account for 1/3 of increase in ROI EBIT increase to account for 2/3 of increase in ROI Housing

35. YIT | 35 | Financial Statements 2013 Key priorities in 2014 1 Faultless handover Improving the customer experience Online services Concept development 2 Reducing the number of completed unsold apartments Executing sales of Business Premises projects Utilizing off-balance sheet partnerships in plot acquisitions Releasing capital from slow-moving assets Cash flow and capital efficiency 3 Customer focus Cost efficiency Development of reasonably priced products Improving internal processes Continuous education of design management in all operating countries Tighter cross-border cooperation in sourcing Konepaja residential area Helsinki, Finland Looking ahead

36. YIT | 36 | Financial Statements 2013 Group structure as of January 1, 2014 The changes are aimed at facilitating the effective implementation of the company’s strategy as well as an increasingly customer-focused operating model The 2013 comparison figures for the new segment structure will be published in March 2014 New segment structure and composition of the Group Management Board Pii Raulo HR Timo Lehtinen CFO Kari Kauniskangas President and CEO Head of Housing Yuri Belomestnov Jouni Forsman Harri Isoviita Matti Koskela Timo Lehmus Tom Sandvik Mikhail Voziyanov Tero Kiviniemi, EVP Head of Business Premises and Infrastructure Teemu Helppolainen Head of business area Russia Juhani Nummi Business Development The extended management board additionally includes heads of Business Divisions: YIT Group Housing Business Premises and Infrastructure Finland, the Baltic countries and CEE Russia Looking ahead

37. YIT | 37 | Financial Statements 2013 Housing start-ups expected to decrease. Forecasted start- ups 25,000 units in Finland in 2014 (Euroconstruct, November 2013) while the estimated long-term annual need is 24,000-29,000 units (VTT Technical Research Centre of Finland, January 2012) Housing prices expected to remain stable Moderate increase in construction costs mainly due to changes in energy norms Macro uncertainties and below-average consumer confidence continue to impact the residential market Slight improvement in consumer’s access to financing Plans for legislation on debt ceiling proceeding. Planned limits largely in line with current market practise Interest rates are expected to remain low Market outlook 2014 Housing (1/2) Finland Looking ahead Konepaja residential area Helsinki, Finland The Baltic countries, the Czech Republic and Slovakia Housing construction volumes increasing from low levels in the Baltic countries (VTT Technical Research Centre of Finland, December 2013) Housing start-ups expected to decrease slightly in the Czech Republic and Slovakia (Euroconstruct, November 2013) Housing prices expected to increase slightly

38. YIT | 38 | Financial Statements 2013 Market outlook 2014 Housing (2/2) Russia Housing construction is estimated to increase in 2014, but at a slower pace than in previous years (VTT Technical Research Centre of Finland, December 2013) YIT expects housing prices to be stable in 2014 and mortgage rates to stay on the level of 2013 Macroeconomic weakness might impact the residential market GDP growth estimates have been cut recently; ruble has weakened against the euro Residential area in Dom Oborony Tyumen, Russia Looking ahead

39. YIT | 39 | Financial Statements 2013 Market outlook 2014 Business Premises and Infrastructure Tikkurila Commercial Centre Dixi Vantaa, Finland Looking ahead Infrastructure construction forecasted to decrease slightly (Euroconstruct, November 2013) Increased competition for smaller contracts Business Premises market expected to remain weak as the market reacts to improvements in the economy with a lag Forecasts vary: commercial construction is expected to increase by 18% and office construction to decrease by 9% (Euroconstruct, November 2013) Vacancy rate in the office sector is high, demand will focus on modern and energy-efficient premises Business Premises in Finland Infrastructure in Finland Business Premises in the Baltic countries and Slovakia New non-residential construction is expected to grow by 5% in the Baltic countries (VTT Technical Research Centre of Finland, December 2013) New non-residential construction is expected to decrease by 8% in Slovakia (Euroconstruct, November 2013)

40. YIT | 40 | Financial Statements 2013 Guidance for 2014 The Group revenue based on segment reporting is estimated to grow by 0-10% at comparable exchange rates. The operating profit margin based on segment reporting is estimated to be in the range of 7.5-8.5% excluding non-recurring items. Continuing uncertainty over the general macroeconomic development impacts YIT’s business operations and customers. Kirovogradskaya street Moscow, Russia Looking ahead

41. YIT | 41 | Financial Statements 2013 More information Looking ahead Sanna Kaje Vice President, Investor Relations Mobile +358 50 390 6750 sanna.kaje@yit.fi Timo Lehtinen Chief Financial Officer (CFO) Mobile +358 45 670 0626 timo.lehtinen@yit.fi Follow YIT on Twitter @YITInvestors YIT Home Tampere, Finland

42. YIT | 42 | Financial Statements 2013 Appendices Key figures and additional information about financial position Ownership General economic indicators Housing indicators: Finland, Russia, the Baltic countries and Central Eastern Europe Business premises indicators: Finland, Russia, the Baltic countries and Central Eastern Europe Infrastructure construction: Finland Construction costs: Finland Industrial indicators: Finland Residential building Espoo Finland

43. Key figures and additional information about financial position

44. YIT | 44 | Financial Statements 2013 Key figures Note: As of January 1, 2013, borrowing costs are included in segments financing costs according to IAS 23. 2012 figures in 2013 reporting and this presentation have been adjusted accordingly. All figures based on segment reporting (POC= Percentage of completion) EUR million Revenue Operating profit % of revenue Operating profit, excluding non-recurring items* % of revenue, excluding non-recurring items* Order backlog Profit before taxes Profit for the review period 1) Earnings per share, EUR Operating cash flow after investments Cash at the end of the period Personnel at the end of the period Dividend, EUR* 10–12/13 10–12/12 1–12/13 555 68.0 12.2 68.0 12.2 2,765 59.1 43.8 0.35 8.0 74.9 6,691 1–12/12 Change 1,859 152.8 8.2 154.0 8.3 2,714 122.8 93.9 0.75 -87.9 76.3 6,172 0.38 521 41.2 7.9 42.4 8.1 2,714 32.5 24.3 0.19 76.3 76.3 6,172 -6% -39% - -38% - -2% -45% -45% -46% - 2% -8% -5% -24% - -21% - -2% -28% -28% -28% - 2% -8% 1,959 201.1 10.3 194.1 9.9 2,765 169.6 130.7 1.04 49.9 74.9 6,691 n/a Appendices Note: A EUR 10.0 million cost provision covering costs related to the ammonia case in St. Petersburg was made in Q3/11. EUR 7.0 million of the provision was released in Q3/12. EUR 1.2 million non-recurring restructuring costs in Q4/13, of which EUR 1.0 million allocated to Construction Services Finland. *Board proposal to AGM 1) Attributable to equity holders of the parent company

45. YIT | 45 | Financial Statements 2013 2012: EUR 14.2 million Net financial expenses EUR million Net financial expenses in 2013 decreased year-on-year Main factors leading to lower net financial expenses in 2013 2012 2013 Non-cash valuation gains on interest rate derivatives in 2013 compared with losses in comparison period Higher IAS 23 booking in 2013 due to increased construction activity Hedging costsFinancial expensesIAS 23 booking 2013: EUR 9.0 million Appendices According to group reporting (IFRIC 15)

46. YIT | 46 | Financial Statements 2013 Well-managed maturity structure Maturity structure for long-term debt 12/13 EUR million 1)Bond issued 2/12, EUR 50 million 2)Bond issued 3/07, EUR 28 million 3)Bond issued 3/10, EUR 100 million 4)Bond issued 6/11, EUR 100 million 3)4) 1) 2) Appendices

47. YIT | 47 | Financial Statements 2013 Debt portfolio 12/13, total EUR 858.0 million (9/13: EUR 909.7 million) Average interest rate 2.7% (9/13: 2.7%) Versatile financing sources with high hedging ratio Bonds 34% Banks 5% Insurance companies 11% Construction stage financing 32% Floating interest rate 38% Average interest rate 1.4% Fixed interest rate 62% Average interest rate 3.5% Others 0% Appendices Commercial Papers 18%

48. YIT | 48 | Financial Statements 2013 Leverage impacted by low profit recognition according to IFRIC 15 Strategic target: Equity ratio 35% Net Debt/EBITDA Multiple (x) According to group reporting (IFRIC 15) Appendices Note: 2012 and Q1/2013 non-IFRS figures published May 21, 2013.

49. YIT | 49 | Financial Statements 2013 Capital efficiency improved in Russia DebtEquity and equity-like fixed net investments Capital invested in Russia 2006–2013 EUR million According to IFRIC 15 2006–2008: according to POC, 2009–2013: according to IFRIC 15 2006-2011: including building systems business, which was transferred to a new established company named Caverion Corporation 6/2013 Appendices

50. YIT | 50 Ownership

51. YIT | 51 | Financial Statements 2013 YIT’s major shareholders on January 31, 2014 ShareholderShares% of share capital 1. Structor S.A.12,930,00010.16 2. Varma Mutual Pension Insurance Company8,432,1006.63 3. Herlin Antti4,274,1803.36 4. Mandatum Life Insurance Company Limited4,171,6753.28 5. LocalTapiola Mutual Pension Insurance Company3,335,4682.62 6. Odin funds1,772,0951.39 7. Svenska Litteratursällskapet i Finland r.f.1,680,4001.32 8. YIT Corporation1,633,2861.28 9. The State Pension Fund1,570,0001.23 10. Nordea funds1,310,9721.03 Ten largest total41,110,17632.30 Nominee registered shares28,178,28722.15 Other shareholders57,934,95945.55 Total127,223,422100.00 Appendices

52. YIT | 52 | Financial Statements 2013 More than 44,000 shareholders on January 31, 2014 Number Appendices

53. YIT | 53 | Financial Statements 2013 More than 34% of shares in international ownership Non-Finnish ownership, % of share capital on January 31, 2014 Appendices

54. YIT | 54 General economic indicators

55. YIT | 55 | Financial Statements 2013 Sources: Nordea, December 2013 The Czech Republic and Slovakia: Euroconstruct, November 2013 Moscow Region and St. Petersburg: Federal State Statistics Service and VTT, December 2013 GDP-growth forecasts for YIT’s operating countries: Strongest growth in Russia and the Baltic countries Appendices

56. YIT | 56 | Financial Statements 2013 Unemployment is expected to decrease slightly in Finland, the Baltic countries and Slovakia Unemployment rate % in YIT’s operating countries % Sources: 2000 – 2012 Eurostat, 2013E – 2015E Euroconstruct, November 2013 and VTT, December 2013 Appendices

57. YIT | 57 Housing indicators Finland Russia The Baltic countries Central Eastern Europe

58. YIT | 58 | Financial Statements 2013 Consumer confidence - Views on economic situation in one year Interest rates expected to remain at a low level in 2014 Residential start-ups are estimated to decrease Prices of new dwellings Sources: Residential start-ups: 2005-2012 Statistics Finland, 2013E - 2015E Euroconstruct, November 2013, Consumer confidence: Statistics Finland January 27, 2014, House prices: Statistics Finland January 28, 2014, Loans and Interest rates: Bank of Finland January 31, 2014 pcs index EUR million % Finland Housing start-ups expected to decrease in 2014 Appendices Own economy Finland’s economy Balance

59. YIT | 59 | Financial Statements 2013 pcs Sources: Confederation of Finnish Construction Industries RT, October 2013, Construction confidence: Confederation of Finnish Industries, January 2014 Housing: building permits, start-ups and completions Construction confidence Housing start-ups by building type Unsold completed units (residential development projects) balance Block of flats Terraced houses Single family houses Building permits Start-ups Completions Finland Housing indicators have weakened slightly Appendices Million m3

60. YIT | 60 | Financial Statements 2013 Finland Household debt relatively low in Finland House price index in different countriesHouseholds debt to GDP (%) Source: Eurostat January 31, 2014 Appendices

61. YIT | 61 | Financial Statements 2013 Russia Housing indicators support demand Price of Urals oil in Russia (1/2009-1/2014) Weighted average interest rate on mortgage loans, RUB (1/2009-12/2013) Sources: Oil price: Neste Oil January 30, 2014 and Interest rates: Bank of Russia January 30, 2014 $/barrel % Appendices House price indices (1/2009-12/2013) House prices in primary markets, RUB (1/2009-12/2013)

62. YIT | 62 | Financial Statements 2013 The Baltic countries Growth is expected in residential construction Residential construction in the Baltic countries Residential completions in Lithuania Residential completions in LatviaResidential completions in Estonia pcs Source: VTT Technical Research Center of Finland, December 2013 EUR million Lithuania Estonia Latvia Appendices

63. YIT | 63 | Financial Statements 2013 The Czech Republic and Slovakia Start-ups forecasted to remain relatively low Housing prices in the Czech Republic and Prague Housing prices in Slovakia and Bratislava Residential start-ups in the Czech Republic Sources: Residential start-ups: Euroconstruct, November 2013, Other data: The Czech Republic: JLL 2013, Slovakia: National Bank of Slovakia, December 2013 Residential start-ups in Slovakia pcs EUR/Sq. m. The Czech Rep. Prague Appendices CZK/Sq. m.

64. YIT | 64 | Financial Statements 2013 Capital invested in plot reserves at the end of December, 2013 Building rights, thousand sq. m. Business Premises plots FinlandRussia The Baltic countries, the Czech Republic and Slovakia 12/12: EUR 284 million 12/13: EUR 282 million Residential plots 12/12: EUR 302 million 12/13: EUR 320 million 12/13: EUR 79 million 12/12: EUR 87 million Appendices Building rights, thousand sq. m.

65. YIT | 65 Business Premises Finland Russia The Baltic countries Central Eastern Europe

66. YIT | 66 | Financial Statements 2013 New non-residential construction New non-residential construction volumes, index Sources: Finland, the Czech Republic and Slovakia, Euroconstruct November 2013 Russia, Estonia, Latvia and Lithuania, VTT Technical Research Center of Finland, December 2013 Appendices

67. YIT | 67 | Financial Statements 2013 New non-residential construction by key sectorNon-residential renovation Construction of commercial and office buildings in FinlandConstruction of industrial and warehouse buildings in Finland EUR million Finland Non-residential construction is expected to remain weak Sources: Non-residential construction, Non-residential renovation: Euroconstruct November 2013 Other data: RT October 2013 Building permits Start-ups Completions Building permits Start-ups Completions Appendices Million m3

68. YIT | 68 | Financial Statements 2013 Russia Growth potential in business premises market Source: VTT Technical Research Center of Finland, December 2013 Appendices

69. YIT | 69 | Financial Statements 2013 The Baltic Countries Non-residential construction forecasted to pick up slightly Source: Euroconstruct, November 2013 Non-residential construction in Estonia Non-residential construction in Latvia Non-residential construction in Lithuania EUR million Appendices

70. YIT | 70 | Financial Statements 2013 The Czech Republic and Slovakia Challenging market situation continues Source: Euroconstruct, November 2013 New non-residential construction by key sector in the Czech Republic Non-residential renovation in the Czech Republic Non-residential renovation in Slovakia New non-residential construction by key sector in Slovakia EUR million Appendices

71. YIT | 71 | Financial Statements 2013 Prime yields in Helsinki Metropolitan Area Office yields in Helsinki Metropolitan Area Sources: DTZ Property Times Helsinki, January 2014, Catella Property Market Trends Finland, September 2013 Finland Yields have increased slightly Appendices Prime office rents in Helsinki Metropolitan Area, EUR/sq. m./month Prime office rents in Helsinki Metropolitan Area in Q4/13, EUR/sq. m./month

72. YIT | 72 | Financial Statements 2013 Finland Vacancy rates vary between sub-sectors in Helsinki Office vacancy in Helsinki Metropolitan Area Vacancy rates in Helsinki Metropolitan Area Rental levels of office space in Helsinki Metropolitan Area Appendices Office vacancy in Helsinki Metropolitan Area in Q4/13 Sources: DTZ Property Times Helsinki, January 2014, Catella Property Market Trends Finland, September 2013

73. YIT | 73 | Financial Statements 2013 Finland Yields stable despite increased vacancy in Growth Centres Office vacancy in Growth Centres in Finland Prime office yields in Growth Centres in Finland Appendices Source: Catella Property Market Trends Finland September, 2013

74. YIT | 74 | Financial Statements 2013 The Baltic Countries Key business premises indicators Source: Newsec Property Outlook Fall 2013, September 2013 Prime office yields in Baltic countriesPrime office rents in Baltic countries Prime retail yields in Baltic countries Prime retail rents in Baltic countries Appendices Percent

75. YIT | 75 Infrastructure construction Finland

76. YIT | 76 | Financial Statements 2013 Infrastructure construction Market expected to decrease slighlty in 2014 EUR million Infrastructure market in FinlandInfrastructure sectors in Finland (2013E) Source: Euroconstruct, November 2013 Appendices

77. YIT | 77 Construction costs Finland

78. YIT | 78 | Financial Statements 2013 Finland Construction costs have increased Construction cost indexConstruction costs by building type index Source: Statistics Finland January 15, 2014 Building costs increased by 0.8% y-o-y Labour costs increased by 1.6%, prices of materials by 0.1% and other costs by 1.9% y-o-y Appendices

79. YIT | 79 Industrial indicators Finland

80. YIT | 80 | Financial Statements 2013 Source: The Confederation of Finnish Industries, June 2013 Manufacturing sectors’ fixed investments in Finland Investments in the economy (national accounts) EK Investment Survey Industrial investments are estimated to decrease slightly in Finland Appendices

81. YIT | 81 | Financial Statements 2013 Industrial confidence and production expectations still at low level in Finland Industrial confidenceIndustrial production expectations Source: The Confederation of Finnish Industries, January 2014 Index Appendices

82. YIT | 82 | Financial Statements 2013 Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by YIT Corporation (the “Company”). By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presentation is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole or in part, to any other person. This presentation does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation or invitation of any offer to buy, acquire or subscribe for, securities of the Company or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investments decision whatsoever. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. Neither the Company nor any of its respective affiliates, advisors or representatives nor any other person shall have any liability whatsoever (in negligence or otherwise) for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with the presentation. Each person must rely on their own examination and analysis of the Company and the transactions discussed in this presentation, including the merits and risks involved. This presentation includes “forward-looking statements”. These statements contain the words "anticipate", “will”, "believe", "intend", "estimate", "expect" and words of similar meaning. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company’s financial position, business strategy, plans and objectives of management for future operations, including without limitation those regarding the demerger plan and its execution, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this presentation. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. The Company cautions you that forward-looking statements are not guarantees of future performance and that its actual financial position, business strategy, plans and objectives of management for future operations may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company's financial position, business strategy, plans and objectives of management for future operations are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. Neither the Company nor any other person undertakes any obligation to review or confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation.

83. YIT | 83 | Financial Statements 2013