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STOCK EXCHANGE RELEASE 17 Oct 2005

JAAKKO PÖYRY GROUP AWARDED EUR 10 MILLION ENGINEERING FRAME AGREEMENT BY TECNICAS REUNIDAS IN SPAIN

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           October 17, 2005 at 2.30 p.m.

JAAKKO PÖYRY GROUP AWARDED EUR 10 MILLION ENGINEERING FRAME AGREEMENT BY
TECNICAS REUNIDAS IN SPAIN

Heymo Ingeniería, S.A., which is part of the Jaakko Pöyry Group's Energy
business group, has signed a frame agreement with TECNICAS REUNIDAS for
the engineering of several EPC projects over the next three years.
Heymo's services include front-end, basic and detail engineering, and
procurement services. The initial estimated value of the services is EUR
10 million.

TECNICAS REUNIDAS is a Spanish engineering company and one of the
leaders in chemical, refinery and petrochemical turn-key projects, in
Spain and abroad. This strategically important assignment is a
continuation of Heymo's long-term collaboration with TECNICAS REUNIDAS.
Previous assignments have included engineering contracts for several oil
refinery units, a cumene plant, an engine test centre and a hydrogen
plant.

Heymo Ingeniería has a long track record in basic engineering, detail
engineering, construction supervision and project management for
industrial plants in Spain and abroad. This contract further expands
Heymo´s service portfolio within the industrial plants sector in Spain.

The Energy business group, operating under the brand name Electrowatt-
Ekono, had net sales of EUR 146 million in 2004. Electrowatt-Ekono has
offices in 22 countries and employs 1500 experts worldwide.

JAAKKO PÖYRY GROUP OYJ


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


Additional information by:
Richard Pinnock, Chief Executive Officer, Electrowatt-Ekono, Zurich,
Switzerland
Tel. +41 76 356 2410
Javier Rodríguez, Commercial Director, Heymo Ingeniería S.A., Spain
Tel. +34 913 810 840

www.poyry.com


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