Commentary & Deal Flow

€€€ NEW CORP MANDATE – YIT CORPORATION 4NC2 EUR INVESTOR CALLS €€€

YIT Corporation, the largest Finnish development and construction company listed on Nasdaq Helsinki, (ticker: "YITYH", country: FI) unrated, has mandated Danske Bank, Nordea, OP Corporate Bank, SEB and Swedbank (in collaboration with SB1 Markets as distributor) as Joint Lead Managers to arrange a series of fixed income investor calls, commencing on 4-May-26. Nordea is coordinating roadshow logistics.

An expected €125m, floating rate green senior secured 4NC2 EUR offering will follow, subject to market conditions.

The Issuer shall use the proceeds from the issue of the Notes, less the costs and expenses incurred by the Issuer in connection with the issue of the Notes, for (i) the refinancing of the 2027 Notes and (ii) the refinancing of other existing Financial Indebtedness of the Issuer. An amount equivalent to the net proceeds from the issue of the Notes will be used for the financing or refinancing eligible green projects or assets or otherwise in accordance with the Issuer’s Green Finance Framework. The Green Finance Framework and the SPO from ISS-Corporate is available on YIT's website. Danske Bank acted as an advisor in the preparation of the Green Finance Framework.

In conjunction with the contemplated new issue, YIT has announced an any-and-all cash tender offer targeting their outstanding €100 million senior secured green notes due 2027 (ISIN: FI4000571278) for purchase by the Company for cash at a price of 103.75 per cent of the nominal amount, according to the terms and conditions set out in the Tender Offer Memorandum dated 4-May-26. The offer period expires at 15:00 CEST / 16:00 EEST on 11-May-26. Danske Bank, Nordea, OP Corporate Bank, SEB and Swedbank act as Dealer Managers.

Company Representatives:
Heikki Vuorenmaa – President and CEO
Markus Pietikäinen – CFO (interim)
Wilhelm Ehrnrooth – VP, ESG

Group Investor Call details:
Date: 5-May-26
Time: 12:30 CEST / 13:30 EEST

Manufacturer target market (MiFID II product governance) is eligible counterparties, professional clients and retail clients (all distribution channels). No PRIIPs KID will be produced as not deemed within scope.