INVITATION TO YIT CORPORATION'S ANNUAL GENERAL MEETING
YIT CORPORATION FEBRUARY 8, 2008 at 08:05
CORPORATE RELEASE ANNUAL GENERAL MEETING
INVITATION TO YIT CORPORATION'S ANNUAL GENERAL MEETING
The shareholders of YIT Corporation are invited to attend the Annual
General Meeting to be held on Thursday, March 13, 2008, starting at
13:00 p.m. (Finnish time) in Finlandia Hall, Conference Wing, Hall A,
located at the address: Mannerheimintie 13, Helsinki (entrance
through doors M1 and K1).
The check-in of those who have signed up for the meeting and the
distribution of ballots will start at 12:00 p.m. (Finnish time).
Coffee will be served after the meeting.
Matters to be considered at the meeting
The matters specified as being the business of Annual General
Meetings in Article 9 of the Articles of Association. The agenda is
available on the company's Internet site at www.yitgroup.com/agm.
1. Dividend payout
The Board of Directors will propose to the Annual General Meeting
that it decide on the payment of a dividend of EUR 0.80 per share.
The right to a dividend rests with a shareholder who, by the record
date of March 18, 2008, has been entered as a shareholder in the
company's shareholder register that is kept by Finnish Central
Securities Depository Ltd. The Board of Directors proposes that the
dividend be paid on April 2, 2008.
2. Board of Directors
It has been brought to the company's attention that shareholders
representing more than 20% of the company's shares and votes will
propose to the Annual General Meeting that the Chairman, Vice
Chairman and three ordinary members of the Board of Directors be
elected, namely: Reino Hanhinen as Chairman, Eino Halonen as Vice
Chairman and Kim Gran, Antti Herlin and Teuvo Salminen as members.
These same parties will also propose to the Annual General Meeting
that the Board of Director's meeting fees be kept unchanged, i.e.
that the following fees be paid to the Board of Directors: Chairman
EUR 6,000/month (EUR 72,000/year), Vice Chairman EUR 4,500/month (EUR
54,000/year), member EUR 3,500/month (EUR 42,000/year) plus a meeting
fee of EUR 500 for each meeting, and that similarly EUR 500 be paid
to the members of the Audit Committee for each committee meeting. Per
diems for trips in Finland and abroad are paid in accordance with the
State's travelling compensation regulations.
3. Auditor
The Audit Committee of the Board of Directors proposes that
PricewaterhouseCoopers Oy, Authorised Public Accountants, be elected
as the company's auditor.
Annual General Meeting documents
Financial statements data for 2007 will be available for inspection
by shareholders for a week before the meeting at the company's head
office, located at Panuntie 11, Helsinki, Finland, and on the
company's Internet site www.yitgroup.com. Printed copies of the
company's Annual Report for 2007 will be mailed to shareholders
before the Annual General Meeting. The Annual Report will be
available on the company's Internet site as from the week starting
February 18, 2008.
Participation right
In order to have the right to participate in the Annual General
Meeting, the shareholder must be registered in the company's
shareholder register, which is maintained by Finnish Central
Securities Depository Ltd, by no later than March 3, 2008.
A shareholder whose shares are nominee registered and who wishes to
participate in the Annual General Meeting and use his right of vote,
must temporarily register in the shareholder register by no later
than March 3, 2008.
Notification
Shareholders must register for the meeting by no later than March 6,
2008, using one of the following methods:
On YIT Corporation's Internet site www.yitgroup.com/agm, following
the instructions therein
By sending a telefax to +358 20 433 2077
By telephoning Marja Salo, +358 20 433 2470 or Pirkko Pesonen, +358
20 433 2453
By sending a letter to YIT Corporation, Marja Salo, P.O. Box 36,
FI-00621 Helsinki, Finland.
When the shareholder registers for the meeting through the Internet
or by telephone, letter or telefax, the message must reach the
company prior to the end of the registration period on March 6, 2008
at 16:00 p.m. (Finnish time).
It is requested that the company be notified of any proxies at that
time and that any proxies be sent to YIT Corporation, Marja Salo,
P.O. Box 36, FI-00621 Helsinki, Finland, before the expiry of the
registration period.
Helsinki, February 7, 2008
YIT CORPORATION
Board of Directors
Distribution: OMX Nordic Exchange in Helsinki, principal media,
www.yitgroup.com
