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STOCK EXCHANGE RELEASE 2 Dec 2002

JAAKKO PÖYRY GROUP AWARDED MILL ENGINEERING FOR METSO PAPER'S BOARD MAKING LINE DELIVERY TO CHINA

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           December 2, 2002 at 12.30 p.m.

JAAKKO PÖYRY GROUP AWARDED MILL ENGINEERING FOR METSO PAPER'S BOARD
MAKING LINE DELIVERY TO CHINA

JP Engineering Ltd, which belongs to the Jaakko Pöyry Group's Forest
Industry business group, has been awarded a mill engineering assignment
for the board making line to be delivered to Ningbo, Zhejiang, China, by
Metso Paper. The total contract value is about EUR 6 million.

The mill engineering comprises process, electrical and control system
engineering as well as piping and mechanical engineering for the stock
preparation systems and board machine. JP Engineering's contract is
expected to become effective in January 2003 after completion of the
financial arrangements. The assignment will be recorded in the order
stock of the Forest Industry business group after it has become
effective.

Metso Paper's delivery will comprise a complete board making line,
including a complete stock preparation system with eight lines, a
complete board machine, air systems and machine hall cranes as well as
mill engineering. The new line will be the largest board production line
in the world with the capacity of over 2,000 tons a day of white lined
chipboard (WLC) from recycled fiber. Metso Paper's client is Ning Shing
Development Co.

The Forest Industry business group, operating under the brand name
Jaakko Pöyry, had net sales of EUR 150 million in 2001. The Forest
Industry business group has offices in 12 countries and employs some
2000 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

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media