Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Rectangle 212 + Rectangle 212 + Rectangle 212 Created with Sketch. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Twitter Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta.

STOCK EXCHANGE RELEASE 9 Jan 2003

JAAKKO PÖYRY GROUP AWARDED EUR 10 MILLION ENGINEERING ASSIGNMENT FOR UPM- KYMMENE'S NEW FINE PAPER MACHINE IN CHINA

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           January 9, 2003 at 2.00 p.m.

JAAKKO PÖYRY GROUP AWARDED EUR 10 MILLION ENGINEERING ASSIGNMENT FOR UPM-
KYMMENE'S NEW FINE PAPER MACHINE IN CHINA

Jaakko Pöyry Oy and JP-Kakko Oy, which are a part of the Jaakko Pöyry
Group's Forest Industry business group, have been commissioned to
provide basic and implementation engineering for UPM-Kymmene's new fine
paper machine to be built in Changshu, China. Services include plant
engineering, structural engineering and co-ordination of the project.
The total value of the engineering service contract is about EUR 10
million.

The new production line will have a capacity of 450 000 tons a year. It
is scheduled to start up during the first quarter of 2005. The new
assignment stems from UPM-Kymmene's and Jaakko Pöyry's longstanding co-
operation in the implementation of industrial investment projects.
Jaakko Pöyry was also engineering consultant for the first fine paper
machine in Changshu built for the April Group in 1998. The appointment
further strengthens the Forest Industry business group's and Jaakko
Pöyry Group's role in the growing Chinese market.

The Forest Industry business group, operating under the brand name
Jaakko Pöyry, had net sales of EUR 150 million in 2001. The Forest
Industry business group has offices in 12 countries and employs some
2000 experts worldwide.

JAAKKO PÖYRY GROUP OYJ



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Deputy to President and CEO


Additional information by:
John Lindahl, Vice President, Paper Technology, Jaakko Pöyry Oy
Tel. +358 9 8947 2951, +358 40 505 6761

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media