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STOCK EXCHANGE RELEASE 16 Jan 2001

JAAKKO PÖYRY GROUP AND ELISA COMMUNICATIONS ESTABLISH JOINT VENTURE COMPANY

JAAKKO PÖYRY GROUP OYJ      STOCK EXCHANGE NOTICE
                           January 16, 2001 at 9.15 a.m.       1(2)

JAAKKO PÖYRY GROUP AND ELISA COMMUNICATIONS ESTABLISH JOINT VENTURE
COMPANY

Jaakko Pöyry Group and Elisa Communications have established a joint
venture company named Inforbis Oy. The new company offers sector-
specific web-based service concepts, which incorporate tools for
storing, distributing, processing and managing information. Inforbis
aims to achieve net sales of about FIM 20 million in Finland by 2003.
The company is planning to expand its operations to the other Nordic
countries and Europe.

According to the service concept developed by Inforbis, the client
will get access to rented tools and applications over the Internet,
supported by the owner companies' strong know-how in the forest
industry, infrastructure and environment, energy and
telecommunications sectors. With the launch of the new service,
Inforbis establishes itself as a Business Service Provider (BSP). As a
BSP company, Inforbis adds ASP (Application Service Provider)
activities to business sector expertise in order to provide a flexible
business solution transcending organisation borders.

The new service concept is primarily intended to serve multilateral
project work, meeting the operating and maintenance needs of the
completed plant during its entire lifecycle. The new service will help
the client streamline communications in large projects, improve its
information management and save a lot of time and money to improve its
profitability. Initially, the service concept will include
applications for document management, web-based camera surveillance
and web-based communication, but the range of tools will be expanded.
The application platform of the new service concept relies on
technology developed by Lotus.

Jaakko Pöyry Group Oyj holds 70 per cent of the shares in Inforbis Oy,
Elisa Communications 30 per cent.

"The Jaakko Pöyry Group is a pioneer in e-business within its own
business sectors, and has served as a link between the old and new
economy during the past years. We have had access to fully
operational, tested products for e-business for a long time. We have
high hopes for Inforbis, because the growth prospects for the BSP
business are promising", comments Teuvo Salminen, Executive Vice
President of Jaakko Pöyry Group Oyj.

"Elisa Communications decided to enter the joint venture, because we
specialise in Internet applications and because we foresee major
business potential in this sector. In addition, were are in the
frontline when it comes to developing business solutions related to
communications, data transfer and information management", summarises
Matti Carpén, Executive Vice President, Elisa Communications.

Growth prospects are good for Inforbis Oy's services.


                                                      2(2)

"According to Gartner Group, the world market for groupware is more
than USD 3 billion, and it is still showing double-digit growth. We
are well placed, because clients are looking for new solutions for
multilateral projects, and our competitors do not have the same kind
of BSP concept available", says Kalevi Keto, President of Inforbis Oy.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen


More information:

Kalevi Keto, President, Inforbis Oy
Tel. +358 9 8947 2343, +358 40 590 6979
E-mail: kalevi.keto@inforbis.com

Teuvo Salminen, Executive Vice President, Jaakko Pöyry Group Oyj
Tel. +358 9 8947 2872, +358 400 420 285
E-mail: teuvo.salminen@poyry.fi

Matti Carpén, Executive Vice President, Elisa Communications Oyj
Tel. +358 9 010 26 24554
E-mail: matti.carpen@elisa.fi


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