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STOCK EXCHANGE RELEASE 14 Oct 2005

JAAKKO PÖYRY GROUP AWARDED EUR 8 MILLION UNDERGROUND STATION AND TUNNEL ENGINEERING CONTRACT IN SWITZERLAND

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           October 14, 2005 at 11.30 a.m.

JAAKKO PÖYRY GROUP AWARDED EUR 8 MILLION UNDERGROUND STATION AND TUNNEL
ENGINEERING CONTRACT IN SWITZERLAND

Electrowatt Infra AG, which is part of the Jaakko Pöyry Group's
Infrastructure & Environment business group, has been awarded a tunnel
engineering contract by the Swiss Federal Railways and the Canton
Zurich. The assignment will be carried out in a joint venture with
Basler & Hofmann Ltd. The engineering services will be delivered between
September 2005 and July 2013. The value of Electrowatt Infra's contract
is EUR 8 million.

This contract is a continuation to the assignment commenced in 2003, and
comprises the design of a new underground station beneath Zurich's main
station and a 5 km railway tunnel. The station and tunnel are part of
the new centre line which will increase the transport capacity of the
railway network in the business area of the city. Electrowatt Infra's
services include the preparation of tender documents, technical and
financial bid evaluation, detail design, supervision, settlement
monitoring, quality control and project management.

Electrowatt Infra has a long track record in consulting, engineering and
project management for tunnelling in Europe and Asia. The company is one
of the leading tunnelling consultants in Switzerland and is exporting
this know-how worldwide.

The Jaakko Pöyry Group's Infrastructure & Environment business group
uses the brand name Jaakko Pöyry Infra. Its net sales for 2004 were EUR
142 million. The business group has offices in 25 countries and employs
2000 experts worldwide.

JAAKKO PÖYRY GROUP OYJ


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

Additional information by:
Günther Fässler, Head of tunnel design department, Electrowatt Infra AG,
Zurich, Switzerland
Tel. +41 76 356 2106

www.poyry.com

DISTRIBUTION:
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