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PRESS RELEASE 14 Apr 2005

JAAKKO PÖYRY GROUP AWARDED PROJECT MANAGEMENT ASSIGNMENT IN AUSTRIA

Verbundplan GmbH, which is part of the Jaakko Pöyry Group's Energy business group, has been awarded project management contracts by Wiener Kommunal Umweltschutzprojektsges.m.b.H. (WKU), the municipal environment protection company of Vienna, Austria. The assignment relates to the incineration plant Pfaffenau and Biogas Vienna projects at the environmental centre Simmering. The value of Verbundplan´s share of the projects amounts to EUR 1.1 million. The implementation extends to mid 2008.

The contracts comprise the processing of project management, organisation, time scheduling, cost and site supervision. WKU, which is a subsidiary of the City of Vienna, will within the next few years implement the third Viennese incineration plant having an annual capacity of 250 000 tonnes residual waste. The thermal treatment of the residual waste takes place in a two-line grate firing, respectively flow-operated flue gas purification plant. Furthermore, a biogas plant is being planned.

Verbundplan is Austria´s leading engineering and consulting company in the energy, infrastructure and environmental sector, owned by Jaakko Pöyry Group Oyj and the Austrian Verbund AG. Verbundplan is part of the Jaakko Pöyry Group's Energy business group, operating under the brand name Electrowatt-Ekono. The business group had net sales of EUR 146 million in 2004. Electrowatt-Ekono has offices in 22 countries and employs 1500 experts worldwide.

JAAKKO PÖYRY GROUP OYJ

Satu Perälampi

Investor Relations Manager

Additional information by:

Richard Pinnock, President & CEO, Electrowatt-Ekono, Zurich, Switzerland

Tel. +41 76 356 2410

Günter Moraw, Managing Director, Verbundplan, Vienna, Austria

Tel. +43 50 313 54700

Johann Kanzler, Trade Executive & Business Manager, Verbundplan, Vienna, Austria

Tel. +43 50 313 54620

www.poyry.com

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