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STOCK EXCHANGE RELEASE 17 Oct 2000

JAAKKO PÖYRY GROUP APPOINTED MAIN ENGINEERING CONSULTANT FOR PAPER MILL PROJECT IN USA

JAAKKO PÖYRY GROUP OYJ              Stock Exchange Notice
                                    October 17, 2000
                                    9.00 a.m.         1(1)

JAAKKO PÖYRY GROUP APPOINTED MAIN ENGINEERING CONSULTANT FOR PAPER
MILL PROJECT IN USA

Marathon Engineers/Architects/Planners LLC, a Jaakko Pöyry Group
company based in Appleton, Wisconsin, has been appointed main
engineering consultant for Madison Paper Company's deinking plant
and PM1 rebuild project at their mill in Alsip, Illinois. The
assignment comprises detail engineering, project management and
site supervision services. Most of the services for the project
will be provided by Marathon, with technology support from Jaakko
Pöyry Oy in Helsinki. The total value of this assignment is
approximately EUR 8 million.

Marathon is the Jaakko Pöyry Group's North American subsidiary,
belonging to the Group's Forest Industry business group. Marathon
was acquired in 1997 and the company today employs some 130
people.


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

www.poyry.com

DISTRIBUTION:
Helsinki Exchanges
Major Media