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STOCK EXCHANGE RELEASE 30 Oct 2000

JAAKKO PÖYRY GROUP APPOINTED MAIN ENGINEERING CONSULTANT FOR SWEDISH PAPER MILL REBUILD

JAAKKO PÖYRY GROUP OYJ              Stock Exchange Notice
                                    October 30, 2000
                                    10.00 a.m.        1(1)

JAAKKO PÖYRY GROUP APPOINTED MAIN ENGINEERING CONSULTANT FOR
SWEDISH PAPER MILL REBUILD

Jaakko Pöyry Oy, a member of the Jaakko Pöyry Group, has got an
important assignment as main engineering consultant for Holmen
Paper AB's Hallsta MAX PM11 rebuild project at Hallstavik in
Sweden. Jaakko Pöyry Oy's assignment comprises complete
engineering services for the rebuild project. Part of the services
will be provided by the Group's Swedish subsidiary JP
Projektteknik AB. The assignment is a continuation of the pre-
engineering work done by Jaakko Pöyry Oy in the spring of this
year.

The engineering project involves a complete rebuild of the Hallsta
paper mill where the current PM11 will be replaced by a new paper
machine. The rebuilt PM11 will produce 330 000 t/a of improved
newsprint and magazine paper grades.

The new assignment is a further manifestation of the co-operation
between Holmen Paper and Jaakko Pöyry, dating back for more than
30 years. After participating in the design of PM11 in the late
1960s, Jaakko Pöyry has served as main engineering consultant for
four major newsprint machine projects at Hallsta and Braviken in
Sweden.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen

Additional information by:

Jukka Terho, Vice President, Paper Technology, Jaakko Pöyry Oy
Tel. +358 9 8947 2711, +358 40 505 5037

Holmen Paper AB's stock exchange notice, OM Stockholm Exchange,
October 27, 2000

www.poyry.com

DISTRIBUTION:
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