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STOCK EXCHANGE RELEASE 27 Apr 2004

JAAKKO PÖYRY GROUP AWARDED EUR 8 MILLION ENGINEERING SERVICES CONTRACT BY NESTE ENGINEERING

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           April 27, 2004 at 3.15 p.m.

JAAKKO PÖYRY GROUP AWARDED EUR 8 MILLION ENGINEERING SERVICES CONTRACT
BY NESTE ENGINEERING

JP Engineering Ltd and JP-Kakko Oy, which are part of the Jaakko Pöyry
Group's Forest Industry business group, have been commissioned by Neste
Engineering Oy to provide engineering services for the Diesel project at
the Kilpilahti refinery in Porvoo, Finland. Neste Engineering is part of
Fortum Corporation's oil sector division. The services will be carried
out by the end of 2006. The value of the assignment amounts to about EUR
8 million and it is included in the order stock for March 2004.

The Diesel project comprises a new, two-unit production facility to be
built at the Porvoo refinery. The Jaakko Pöyry Group's assignment
includes process, piping, equipment, automation, instrumentation,
electrification and structural engineering as well as procurement
services.

This assignment is a further continuation of the cooperation in domestic
and export projects between Neste Engineering Oy and the Jaakko Pöyry
Group, dating back for more than 20 years.

The Jaakko Pöyry Group had net sales of EUR 412 million in 2003. It has
offices in 38 countries and employs 4800 experts worldwide.

JAAKKO PÖYRY GROUP OYJ



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


Additional information by:
Tapio Aalto, President, JP Engineering Ltd
Tel. +358 9 8947 3401
Mikko Vuorio, Vice President, JP Engineering Ltd
Tel. +358 9 8947 3800

www.poyry.com

DISTRIBUTION:
Helsinki Exchanges
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