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STOCK EXCHANGE RELEASE 22 Oct 1999

JAAKKO PÖYRY GROUP APPOINTED MAIN ENGINEERING CONSULTANT FOR METSÄ-BOTNIA'S NEW FIBRE LINE AT JOUTSENO


Jaakko Pöyry Oy and JP-Kakko Oy, which are part of the Jaakko Pöyry Group, have been appointed main engineering consultants for Oy Metsä-Botnia Ab Joutseno Pulp's new fibre line. The project comprises complete engineering services for the new debarking/chipping plant and fibre line and for changes in the pulp drying machine. The value of the deal is about EUR 8 million.

Most of the engineering work for the debarking/chipping plant and the fibre line will be carried out in Jaakko Pöyry Oy's offices at Vantaa, whereas engineering work for changes in the pulp drying machine and inter-departmental connections will be done in JP-Engineering Oy's offices in Kouvola and Joutseno.

The PULP2000 project will start immediately and the new fibre line is scheduled for start-up in early July, 2001. The new line will have a production capacity of 600 000 tons of bleached softwood pulp a year.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen

Teuvo Salminen

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

Tel. +358 9 8947 2999, +358 400 468 084 

www.poyry.com

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