YIT Group Interim Report 1 32008 Hannu Leinonen

YIT Group Interim Report 1 -3/2008 Hannu Leinonen President and CEO Event for analysts and investors April 25, 2008 1

Contents • Interim Report 1 -3/2008 • Outlook for 2008 2

Interim Report 1 -3/2008 3

YIT Group organization as of Jan 1, 2008 Hannu Leinonen President and CEO Building Systems Construction Services Finland International Construction Services Ilpo Jalasjoki Kari Kauniskangas All technical building systems Residential development Technical maintenance and repair works Real estate development Facility management and expert services Building construction Juhani Pitkäkoski Civil engineering 4 Industrial Services Pekka Frantti Investments in industrial projects Maintenance of industrial processes

Consolidated income statement MEUR 1 -3/2008 1 -3/2007 Change 1 -12/2007 927. 0 833. 5 11% 3, 706. 5 78. 6 61. 2 28% 337. 8 8. 5% 7. 3% - 9. 1% Financial income and expenses, net 3) -8. 3 -6. 4 30% -32. 2 Profit before taxes 70. 3 54. 8 28% 305. 6 Profit for the period 51. 3 40. 1 28% 228. 0 50. 6 39. 6 28% 224. 9 0. 7 0. 5 32% 3. 1 0. 40 0. 31 29% 1. 77 Revenue 1) Operating profit 2) • of revenue Attributable to: • Equity holders of the parent company • Minority interests Earnings per share, EUR 1) 1 -12/2007 MEUR +77 (divestment of Network Services). 2) Q 4/2007 MEUR +14. 4 (divestment of Network Services). 2) Q 1/2008 MEUR +3. 5 (final ruling of the Supreme Court). 2) Q 1/2007 MEUR -1. 0 (codetermination negotiations in Network Services). 3) Q 1/2008 MEUR +2. 2 (final ruling of the Supreme Court). 5

Growth continued - varies by country Revenue 1 -3/2008 (1 -3/2007) MEUR 927 (834) Growth 11% Lithuania, Estonia, Latvia 6% Finland 1) 48% MEUR 55 (48) MEUR 445 (462) Growth 16% Change -4% Russia 12% MEUR 110 (48) Growth 128% Sweden, Norway, Denmark 34% MEUR 314 (273) Growth 15% 1) Revenue in 2007 includes Network Services business unit, which was divested on Dec. 31, 2007. 6

Growth fastest in Russia MEUR Average annual revenue growth target in Russia 50% 2006 -2009 +65% +128% Q 1 7 Q 2 Q 3 Q 4 +49%

Stable development continued in maintenance services 37% MEUR 38% 36% 34% Q 1 Q 2 Percentage of Group revenue 8 Q 3 Q 4 37%

Revenue growth continued Revenue 1 -3/2008 (1 -3/2007) MEUR 927 (834) Growth 11% Other items -2% MEUR -21 (-16) Growth 35% Building Systems 45% MEUR 418 (368) Growth 14% Industrial Services 1) 10% MEUR 91 (111) Change -18% International Construction Services 16% MEUR 154 (79) Growth 95% Construction Services Finland 31% MEUR 285 (292) Change -2% 1) Revenue in 2007 includes Network Services business unit, which was divested on Dec. 31, 2007. 9

EBIT growth continued strongly EBIT 1 -3/2008 (1 -3/2007) MEUR 78. 6 (61. 2) Growth 28% Other items -5% MEUR -4. 4 (-3. 8) Growth 16% Industrial Services 2) 7% MEUR 5. 2 (5. 0) Growth 4% International Construction Services 20% MEUR 16. 1 (5. 6) Growth 188% 1) Q 1/2008 MEUR +3. 5 (final ruling of the Supreme Court). 2) Q 1/2007 MEUR -1. 0 (codetermination negotiations in Network Services). 10 Building Systems 33% MEUR 26. 3 (18. 8) Growth 40% Construction Services Finland 1) 45% MEUR 35. 4 (35. 6) Change -1%

EBIT margin improved 1) 3) 3) 4) 4) 2) Q 1/07 Q 1/08 2007 Building Systems Q 1/07 Q 1/08 2007 Construction Services Finland Q 1/07 Q 1/08 2007 International Construction Services 1) Q 1/2008 MEUR +3. 5 (final ruling of the Supreme Court). 2) Q 1/2007 MEUR -1. 0 (codetermination negotiations in Network Services). 3) Q 4/2007 includes MEUR +14. 4 (divestment of Network Services). 4) Q 4/2007 excludes MEUR +14. 4 (divestment of Network Services). 11 Q 1/07 Q 1/08 2007 Industrial Services Q 1/07 Q 1/08 2007 YIT Group

Return on investment on high level % 12

Balanced financial position Equity ratio, % Gearing ratio, % 1) 2005 2006 2007 2008 2005 1) Dividends of EUR 101. 8 million were paid after the Q 1/2008 reporting period on April 2, 2008, which affected the amount of net debt. In 2007 dividends were paid in the Q 1/2007 reporting period on March 28, 2007. 13 2006 2007 2008

Strong growth in order backlog +21% MEUR 2, 995 14 3, 275 3, 173 3, 509 3, 627

Order backlog strengthened in all business segments Order backlog 3/2008 (3/2007) MEUR 3, 627 (2, 995) Growth 21% Building Systems 23% MEUR 825 (670) Growth 23% Construction Services Finland 36% MEUR 1, 306 (1, 026) Growth 27% Other items *) -3% MEUR -111 (-42) Industrial Services 1) 6% MEUR 224 (229) Change -2% International Construction Services 38% MEUR 1, 382 (1, 112) Growth 24% 1) Order backlog 3/2007 includes Network Services business unit which was divested on Dec 31, 2007. *) Change over 100% 15

Number of employees continued to grow Personnel 3/2008 (3/2007) 23, 644 (22, 418) Growth 5% Russia 2, 847 (1, 355) Growth 110% Finland 1) 10, 446 (11, 536) Change -9% Lithuania, Estonia, Latvia 1, 538 (1, 662) Change -7% Denmark 1, 317 (1, 259) Growth 5% Norway 3, 099 (2, 660) Growth 17% 1) As a result of the divestment of Network Services business unit on Dec 31, 2007, about 1000 persons were transferred away from YIT in Finland in the beginning of 2008. 16 Sweden 4, 397 (3, 946) Growth 11%

Outlook for 2008 17

Outlook for 2008 • In Building Systems good demand on all market areas, strong order backlog • In Russia huge need for apartments. Strong order backlog and amount of housing under production provide good prerequisites for growth in line with targets set • In Finland construction continues overall on good level, more weighted towards business premises and infra services where order backlog is strong. Outlook for residential production has weakened after last summer • In Industrial Services good order backlog, business possibilities in maintenance outsourcings in Finland • The economic outlook in YIT's business areas remains favourable. Uncertainties in the economy remain but the force of their impact varies between countries 18

Outlook for 2008 We estimate that revenue and profit before taxes for 2008 will increase compared to the previous year. Outlook for 2008 has not been changed after release of the Financial Statements 2007 19

More information www. yitgroup. com Sakari Ahdekivi Chief Financial Officer tel. +358 20 433 2258 e-mail: sakari. ahdekivi@yit. fi 20 Petra Thorén Senior Vice President Investor Relations tel. +358 20 433 2635 Mob. +358 40 764 5462 e-mail: petra. thoren@yit. fi