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PRESS RELEASE 30 Nov 2004

JAAKKO PÖYRY GROUP AND NAB LABS LABORATORIES ESTABLISH CO-OPERATION

Jaakko Pöyry Group Oyj and Nab Labs Ympäristöanalytiikka Oy (Nab Labs Ltd Oy) have signed a co-operation agreement concerning environmental analytics. At the same time, the Jaakko Pöyry Group will sell the laboratory of PSV - Soil and Water Ltd, based at Oulu, to Nab Labs Ltd Oy. The laboratory's staff of 16 will continue in the employment of the new owner.

PSV - Soil and Water Ltd, which is a part of the Jaakko Pöyry Group's Infrastructure & Environment business group is a leading consulting and engineering firm in northern Finland specialising in water-related and environmental services. Established in 1969, the company today has a staff of about 80 experts. PSV - Soil and Water Ltd specialises in water supply, environmental and geotechnical engineering, monitoring services related to water management and fisheries, and studies and engineering services for industry, municipalities and water utilities.

"Our task is to promote our clients' competitiveness by providing sustainable technical solutions, in which environmental aspects are taken into account in a comprehensive manner. The co-operation agreement is designed to secure the availability of high-quality, versatile and continuously developing laboratory services as a part of our consulting and engineering business. In particular, we will focus on effective analysis and interpretation of environmental measurements and analysis data," comments Kari Kainua, President of PSV - Soil and Water Ltd.

Nab Labs Ltd Oy is responsible for the Nab Labs Laboratories' environmental business, with laboratories at Oulu, Rovaniemi, Kaustinen and Helsinki. Lännen Laboratoriot Oy (Western Laboratories Inc.) at Rauma is responsible for the NabLabs Laboratories' process analytics services, and Laiteoptimointi ER Oy at Kärsämäki for its air emission measurements. The Nab Labs Laboratories' net sales for 2003 amounted to EUR 4.7 million and it has a total of about 70 employees.

"The co-operation agreement with PSV - Soil and Water Ltd significantly strengthens Nab Labs Ltd Oy's service capabilities in northern Finland. Oulu is optimally situated with a view to producing environmental analysis and process industry laboratory services in this region", says Markku Ahponen, President of Nab Labs Ltd Oy. The company's objective is to further improve the laboratory acquired from PSV - Soil and Water Ltd in order to provide a wider range of analysis and measurement services and to create partnerships with companies and municipalities in the region.

The Jaakko Pöyry Group's Infrastructure & Environment business group uses the trade name Jaakko Pöyry Infra. Its net sales for 2003 amounted to EUR 139 million. The business group has offices in 15 countries and it employs 1600 experts around the world.

JAAKKO PÖYRY GROUP OYJ

Teuvo Salminen

Deputy to President and CEO

Additional information by:

Kari Kainua, President, PSV - Soil and Water Ltd

tel. +358 400 584 923

e-mail:

Markku Ahponen, President, Nab Labs Ltd Oy

tel. +358 40 543 7887

e-mail:

www.poyry.com

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