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Pöyry takes part in ensuring safe final disposal of spent nuclear fuel in Finland

PÖYRY PLC          Press release 8 February 2012

Pöyry's Water & Environment Business Group has been awarded design agreements by Posiva Oy on expert work regarding the final disposal of spent nuclear fuel at the Olkiluoto and Loviisa nuclear power plants. The assignments include hydrological studies of the final disposal research of spent nuclear fuel and chemical studies of groundwater as well as groundwater flow measurements to be performed at Olkiluoto. The order value has been booked into the 4 quarter 2011 order stock.

The studies and measurements will enable the effects of groundwater flows on the disposal site and on technical barriers over the years to be anticipated and thus effectively eliminating various risk factors. The objective is to ensure the safety of final disposal in the long run. The parties have agreed not to disclose the grand total of the agreements.

According to the schedule confirmed by the Finnish Ministry of Trade and Industry in 2003, Posiva is preparing for submitting a construction permit application for the final disposal plant for spent nuclear fuel at the end of this year. As per the design agreements signed, Pöyry will contribute to the work aiming for submitting the application.

Pöyry offers services throughout the lifecycle of nuclear energy projects. Pöyry is one of Europe's leading independent consultants in the nuclear energy sector and its experience goes back more than 40 years.

PÖYRY PLC

Additional information:
Pasi Tolppanen, President, Business Area Finland, Urban Business Group,
Tel. +358 10 33 26656
Martin Bachmann, President, Urban Business Group,
Tel. +41 44 355 5555

Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, Pöyry delivers best-in-class management consulting, total solutions, and design and supervision. Pöyry's in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).


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