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PRESS RELEASE 27 Jan 2006

JAAKKO PÖYRY GROUP AWARDED EUR 1 MILLION EXTENSION TO KUNMING WATER SUPPLY TUNNEL PROJECT CONTRACT IN CHINA


Electrowatt Infra AG, which is part of the Jaakko Pöyry Group's Infrastructure & Environment business group, has been awarded an extension of the services contract in the Kunming water supply tunnel project by the Zhangjiuhe River Water Diversion & Water Supply Project Administration Bureau, Kunming. The contract is a continuation to the assignment commenced in 2001 which now will continue until March 2007. The value of the contract now awarded is about EUR 1 million.

The project is located in Kunming, Yunnan Province in China and comprises two tunnels of 13.7 and 7.8 km length and a headwork complex.

Electrowatt Infra's services include technical and financial bid evaluation, construction supervision, settlement monitoring, quality control and project management.

Electrowatt Infra has a long track record in consulting, engineering and project management for tunnelling in Europe and Asia. The company is one of the leading tunnelling consultants in Switzerland and is exporting this know-how worldwide.

The Jaakko Pöyry Group's Infrastructure & Environment business group uses the brand name Jaakko Pöyry Infra. Its net sales for 2004 were EUR 142 million. The business group has offices in 25 countries and employs 2000 experts worldwide.

JAAKKO PÖYRY GROUP OYJ

Satu Perälampi

Investor Relations Manager

Additional information by:

Martin Bachmann, President Transportation Asia, Electrowatt Infra AG

Tel. +66 2 650 3410

Andy Goodwin, President Business Area Transportation, Electrowatt Infra AG

Tel. +41 76 356 2310

www.poyry.com

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