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PRESS RELEASE 29 Jun 2005

JAAKKO PÖYRY GROUP AWARDED ENGINEERING SERVICES CONTRACT FOR REBUILD OF FINE PAPER MACHINE IN GERMANY


JP Engineering Ltd, which is a part of the Jaakko Pöyry Group's Forest Industry business group, has been commissioned by Metso Paper Ltd to provide engineering services for the rebuild of a fine paper machine at UPM's Nordland Papier mill at Dörpen, in the State of Lower Saxony, Germany.

The objective of rebuilding PM 3 is to improve product quality and raise production efficiency. PM 3 has a wire width of 7 050 mm and a design capacity of 1 115 t/d. Jaakko Pöyry Deutschland GmbH, also a part of the Forest Industry business group, will co-operate with JP Engineering in implementing the project.

The project is a continuation of the longstanding co-operating between Metso Paper Ltd and the Jaakko Pöyry Group in paper and board machine projects.

The Jaakko Pöyry Group's Forest Industry business group operates under the brand name Jaakko Pöyry. Its net sales for 2004 were EUR 186 million. The Forest Industry business group has offices in 19 countries and employs 2100 experts worldwide.

JAAKKO PÖYRY GROUP OYJ

Teuvo Salminen

Deputy to President and CEO

Additional information by:

Tapio Aalto, President, Business Area European Offices

Tel. +358 9 8947 3401

Pekka Eskelinen, Vice President, JP Engineering Ltd

Tel. +358 9 8947 3636

www.poyry.com

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