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STOCK EXCHANGE RELEASE 25 Jul 2002

JAAKKO PÖYRY GROUP AWARDED EUR 11.2 MILLION PROJECT MANAGEMENT AND ENGINEERING CONTRACT IN VIETNAM

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           July 25, 2002 at 10.00 a.m.

JAAKKO PÖYRY GROUP AWARDED EUR 11.2 MILLION PROJECT MANAGEMENT AND
ENGINEERING CONTRACT IN VIETNAM

Electrowatt-Ekono AG Switzerland, which is part of the Jaakko Pöyry
Group's Energy business group, has been awarded a project management
and engineering contract for the Uong Bi, Vietnam, power plant
extension. The extension will be a 300 MW coal-fired power plant,
located some 150 km east of Hanoi. Awarded by Vietnam Machinery
Erection Corporation (LILAMA), the contract value amounts to EUR
11.2 million.

Electricity of Vietnam Corporation has nominated LILAMA as turnkey
contractor for the power plant. Electrowatt-Ekono will assist LILAMA
in the execution of the project. The work will be performed in
cooperation with the Electrowatt-Ekono subsidiaries in South-East
Asia.

LILAMA is the leading plant erector in Vietnam with own
manufacturing plants and some 17 000 employees. It is involved in
Vietnam's major construction projects, comprising thermal and hydro
power, pulp and paper as well as oil and gas projects.

The Energy business group, operating under the brand name
Electrowatt-Ekono, had net sales of EUR 127 million in 2001.
Electrowatt-Ekono has offices in 20 countries and employs 1200
experts worldwide.

JAAKKO PÖYRY GROUP OYJ



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Executive Vice President



Additional information by:

Mr. Peter Fischer, Region Director, Electrowatt-Ekono Asia-Pacific
Tel. +66 2 238 3345
E-mail: peter.fischer@ewe.net, fip.eehn@fpt.vn

Mr. Jukka Nyrölä, CEO, Electrowatt-Ekono, Zurich/Switzerland
Tel. +41 1 355 5554
E-mail: jukka.nyrola@ewe.ch

www.poyry.com


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