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STOCK EXCHANGE RELEASE 21 Jun 1999

JAAKKO PÖYRY APPOINTED MAIN ENGINEERING CONSULTANT FOR STORAENSO’S NEW FIBRE LINE AT IMATRA

Jaakko Pöyry Oy, which is a part of the Jaakko Pöyry Group, has been appointed main engineering consultant for the new fibre line to be built at StoraEnso's Imatra mills. The assignment comprises complete engineering services for fibre line No. 3, modifications in chemicals recovery departments and a new pulp drying machine. The value of the deal is about EUR 7 million.

Most of the engineering work for the fibre line, KL3, and the modifications of chemicals recovery departments will be carried out in Jaakko Pöyry Oy's offices in Vantaa, whereas the engineering work for the pulp dryer will be carried out by JP-Engineering Oy in Kouvola.

The KL3 project will start immediately and the new fibre line is scheduled to come on stream in early May, 2001, after which the existing fibre line 1 will be shut down.

The new fibre line will produce 500 000 tons of bleached birch kraft pulp a year, which will be used for the mill's own paperboard and fine paper production.

The total investment for the new fibre line and related sub-projects is about EUR 365 million.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen

Teuvo Salminen

Additional information by:

Mr. Erkki Pehu-Lehtonen, President and CEO, Jaakko Pöyry Group Oyj,

tel: +358 9 8947 2999, +358 400 468 084

Mr. Stefan Antell, President, Jaakko Pöyry Oy,

tel: +358 9 8947 2344, +358 40 5200 262

Mr. Tapio Aalto, President, JP-Engineering Oy,

tel: +358 9 8947 3401, +358 400 432 868

www.poyry.com

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