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STOCK EXCHANGE RELEASE 23 Jun 1999

JAAKKO PÖYRY GROUP AWARDED A POTABLE ALCOHOL PLANT PROJECT IN VIETNAM

The Process Industries Business Group which is a part of the Jaakko Pöyry Group, has been awarded a turnkey supply contract for all process equipment of a 200 hl/day potable alcohol plant in Vietnam. The value of this contract is approx. EUR 4 million. The Client is VINASUGAR II, which is the major sugar and alcohol producer in Vietnam. The alcohol raw material is cane sugar molasses. The product is top quality potable alcohol, which will be exported by a top French alcohol trader.

Process Industries has already supplied potable alcohol plants to South Korea, India, United Kingdom, Poland and France. This is the first supply of this type in Vietnam. The Jaakko Pöyry Group has a long experience in Vietnam in forest management, forest industries and environmental projects, so the new project is an interesting expansion to a new field of industry in Vietnam.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen

Teuvo Salminen

For further information please contact:

Mr. Juhani Ahpola, President JPI Process Contracting Oy

Tel. +358 9 8947 2521, +358 40 500 6127

www.poyry.com

DISTRIBUTION:

Helsinki Stock Exchanges

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