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STOCK EXCHANGE RELEASE 13 Oct 2005

JAAKKO PÖYRY GROUP AWARDED EXTENSIONS TO TRANSPORTATION PROJECT CONTRACTS IN VENEZUELA AND TAIWAN

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           October 13, 2005 at 2.15 p.m.

JAAKKO PÖYRY GROUP AWARDED EXTENSIONS TO TRANSPORTATION PROJECT
CONTRACTS IN VENEZUELA AND TAIWAN

Electrowatt Infra, which is part of the Jaakko Pöyry Group's
Infrastructure & Environment business group, has been awarded contract
extensions comprising consultancy services for the start-up of the light
rail transport system in Maracaibo, Venezuela, and engineering services
in the Taiwan high-speed railway project. The total value of the
assignments is EUR 6.7 million.

The light rail transport contract awarded to Electrowatt Infra Latin
America by Metro de Maracaibo C.A. relates to consultancy for the
initial operational phase of the system, including business and resource
planning, tariffs strategy, environmental impact, technical O&M manuals
and procedures, quality management, HR training, and legal and marketing
issues. The services will be carried out by end of 2007. Electrowatt
Infra Latin America has been the client's agent in the transport system
project since 2002.

Electrowatt Infra Asia will continue as the Independent Checking
Engineer/Independent Site Engineer in the Taiwan high-speed railway
project. This assignment is a continuation to three previous contracts
awarded since 1999 in this project, and it continues until the end of
2006. The owner, Taiwan High Speed Rail Corporation, is a joint venture
of major Taiwanese industrial and financial companies. The EUR 15.4
billion project comprises a new high-speed rail link between Taipei and
Kaohsiung and it is currently one of the most challenging BOT transport
projects in the world.

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:
Gerhard Schmitz, Director, Electrowatt Infra Latin America
Tel. +41 76 356 2146
Roger Clifford, Director, Electrowatt Infra Asia, Taiwan
Tel. +886 2 2721 0131

www.poyry.com

DISTRIBUTION:
Helsinki Stock Exchange
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