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STOCK EXCHANGE RELEASE 19 Mar 2001

JAAKKO PÖYRY GROUP APPOINTED MAIN ENGINEERING CONSULTANT FOR MYLLYKOSKI CONTINTENTAL'S NEW PAPER MACHINE

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           March 19, 2001 at 9.00 a.m.

JAAKKO PÖYRY GROUP APPOINTED MAIN ENGINEERING CONSULTANT FOR
MYLLYKOSKI CONTINTENTAL'S NEW PAPER MACHINE

Jaakko Pöyry Oy, which is a part of the Jaakko Pöyry Group's Forest
Industry business group, has been commissioned by Myllykoski
Continental Group to provide complete engineering services for a
newsprint machine to be built in Germany. Services include complete
plant engineering, erection supervision and start-up assistance. The
assignment also incorporates the WebPub document management system
based on Jaakko Pöyry's Model Driven Engineering concept, the
ProElina engineering system, and the web technology-based CamC real-
time surveillance application. The total value of the contract is
approximately EUR 11 million.

Myllykoski Continental's investment project consists of a new
deinking plant, a waste paper storage, a newsprint machine including
finishing equipment, a paper warehouse and connections to existing
plants. The new production line will have a capacity of 280 000 tons
a year. It is scheduled to be started up in the third quarter of
2002.

The contract is a continuation of Myllykoski Continental Group's and
Jaakko Pöyry Oy's co-operation comprising three deinking plants and
one paper mill project.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen


For additional information please contact:

John Lindahl, Vice President, Paper Technology, Jaakko Pöyry Oy
tel. +358 9 8947 2951, +358 40 503 6761

Kaj Mattsson, Project Manager, Jaakko Pöyry Oy
tel. +358 9 8947 2357, +358 400 815 519

www.poyry.com


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