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PRESS RELEASE 27 Sep 2004

JAAKKO PÖYRY GROUP AWARDED EUR 1.8 MILLION SWITCHGEAR CONSTRUCTION ASSIGNMENT IN AUSTRIA

Verbundplan (Austria) GmbH, which is part of the Jaakko Pöyry Group's Energy business group, has been awarded engineering, erection and delivery contracts by Verbund Austrian Power Grid AG for the Bisamberg substation near Vienna. Verbundplan´s share of the project amounts to EUR 1.8 million, and the implementation time will be 15 months, until end of 2005.

The contract comprises detail design, erection of all components and delivery of high voltage material including steel structures of the 380 kV outdoor switchgear connecting the grids of Wienstrom and Verbund. This project is an essential step of transmission network enlargement in the vicinity of Vienna.

Verbundplan was recently acquired by Jaakko Pöyry Group Oyj and is Austria´s leading engineering and consulting company in the energy, infrastructure and environmental sector. The Energy business group, operating under the brand name Electrowatt-Ekono, had net sales of EUR 98 million in 2003. Electrowatt-Ekono has offices in 23 countries and employs 1300 experts worldwide.

JAAKKO PÖYRY GROUP OYJ

Teuvo Salminen

Deputy to President and CEO

Additional information by:

Richard Pinnock, President & CEO, Electrowatt-Ekono, Zurich, Switzerland

Tel. +41 76 356 2410

Günter Moraw, Managing Director, Verbundplan, Vienna, Austria

Tel. +43 1 53113 54701

Stefan Hofer, Division Manager, Verbundplan, Vienna, Austria

Tel. +43 1 53113 54640

www.poyry.com

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