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STOCK EXCHANGE RELEASE 23 Apr 2002

JAAKKO PÖYRY GROUP AWARDED FOUR MAJOR RAILWAY PROJECTS IN GERMANY

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           April 23, 2002 at 10.00 a.m.

JAAKKO PÖYRY GROUP AWARDED FOUR MAJOR RAILWAY PROJECTS IN GERMANY

BPI-Consult GmbH, which is part of the Jaakko Pöyry Group's
Infrastructure & Environment business group, has been awarded four
major railway projects in Germany by Deutsche Bahn AG, the German
railway company. The total contract value amounts to EUR 10.3
million.

Three of the assignments comprise site supervision of the civil
construction work and signalling installations for the upgrading of
the railway track sections Hamburg-Berlin, Ingolstadt-Munich and
Halle-Leipzig. These projects will be completed during the period
2002-2005. The fourth project consists of engineering work for
upgrading the rail tracks of the Mainz-Koblenz-Cologne railway. The
project will be completed in 2003.

BPI-Consult GmbH is one of the leading transportation consultants in
Germany. The new projects will strengthen BPI-Consult's position in
the railway sector.

The Infrastructure & Environment business group, operating under the
brand name Jaakko Pöyry Infra, had net sales of EUR 108 million in
2001. Jaakko Pöyry Infra has offices in 12 countries and employs
some 1200 experts worldwide.

JAAKKO PÖYRY GROUP OYJ



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


Additional information by:
Mr. Johann Schmieder, Executive Vice President, Jaakko Pöyry Infra
Tel. +49 7621 930 045

www.poyry.com

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