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STOCK EXCHANGE RELEASE 10 Dec 2001

JAAKKO PÖYRY GROUP AWARDED EUR 26 MILLION CONTRACT FOR HYDROPOWER SERVICES IN TURKEY

JAAKKO PÖYRY GROUP OYJ              Stock Exchange Notice
                                    December 10, 2001 at 11.00 a.m.

JAAKKO PÖYRY GROUP AWARDED EUR 26 MILLION CONTRACT FOR HYDROPOWER
SERVICES IN TURKEY

Jaakko Pöyry Group's Energy business group, Electrowatt-Ekono, has
been awarded a contract for engineering and construction supervision
of the 670 MW Deriner dam and hydropower plant in Turkey. The value
of the contract is EUR 26 million.

The client is the General Directorate of the State Hydraulic Works
(DSI), the Government agency in charge of water resources in Turkey.
The project is financed under Swiss export credit. The services
include the review of contractors' design, construction and erection
supervision, quality control, training and commissioning services.

The project is an important continuation to the Energy business
group's longstanding participation in the development of hydropower
in Turkey. It will secure the Energy business group a continued
strong presence in the Turkish hydropower sector.

The Energy business group, operating under the brand name
Electrowatt-Ekono, had net sales of EUR 181 million in 2000.
Electrowatt-Ekono has offices in 20 countries and employs 1250
experts worldwide.

JAAKKO PÖYRY GROUP OYJ


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



For additional information please contact:
Jukka Nyrölä, CEO, Electrowatt-Ekono Zurich/Switzerland
Tel. +41 76 356 2451

Ronald Schlegel, Executive Vice President, Electrowatt-Ekono
Zurich/Switzerland
Tel. +41 76 356 2720

www.poyry.com



DISTRIBUTION:
Helsinki Exchanges
Major media