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STOCK EXCHANGE RELEASE 24 Mar 2000

JAAKKO PÖYRY GROUP AWARDED AN EPC CONTRACT IN SCOTLAND


Electrowatt-Ekono (UK) Ltd., a Jaakko Pöyry Group company, has been awarded a EUR 7.3 million contract from VA TECH Peebles Transformers Ltd. The contract comprises specialised transformer testing equipment for the client's new factory in Scotland.

Electrowatt-Ekono will act as the EPC (Engineering, Procurement, Construction) contractor for the test facility and will provide services related to design, supply, installation, testing and commissioning of the plant.

Electrowatt-Ekono is the Energy Business Group of Jaakko Pöyry Group of Finland. Electrowatt-Ekono had net sales of EUR 140 million in 1999 and employs over 1300 persons in some 20 countries. The Jaakko Pöyry Group had net sales of around EUR 400 million in 1999 and employs some 4500 persons worldwide.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen

Teuvo Salminen

Additional information by:

Mr Kari Pesonen, Managing Director Electrowatt-Ekono (UK) Ltd

Tel: + 44 1403 224200

Fax: + 44 1403 224228

e-mail:

Mr Jukka Nyrölä, CEO Electrowatt-Ekono Zurich/Switzerland

Tel: + 41 76 356 2451

Fax: +41 1 355 5572

e-mail

www.poyry.com

DISTRIBUTION

HEX Helsinki Exchanges

OM Stockholm Exchange