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STOCK EXCHANGE RELEASE 30 Sep 1999

JAAKKO PÖYRY GROUP EXPANDS ITS OPERATIONS IN SWEDEN


JP Projektteknik, a Jaakko Pöyry Group company, has acquired a

majority shareholding in Rigel Consult AB (Rigel) in Gävle,

Sweden. Established in 1987, Rigel is a well

established forest industry engineering firm. Rigel

also serves the mining, metal and nuclear industry.

Rigel has a turnover of approx. EUR 3.5 million and

employs some 50 people.

The acquisition of Rigel is part of the Jaakko Pöyry

Group's strategy to expand the Forest Industry

business group's local office network around the

world. The reason for this investment is to gain

entrance to those Swedish mills where Jaakko Pöyry

Group is not providing local service today.

Rigel will be integrated into JP Projektteknik, being

a regional office located in Gävle with possibly one

or two small satellite offices close to customers. JP

Projektteknik, being an integrated part of the Jaakko

Pöyry Group since 1962, has four regional offices;

Stockholm, Karlstad, Timrå and Luleå.

Jaakko Pöyry Group has acquired a 51% share of

Rigel's shares with an option to increase the

shareholding to 100% by 1.4.2003. Rigel is part of

the Forest Industry Business Group. Mr. Henry

Mickels, former owner of Rigel is appointed as

Managing Director for the company. Mr. Mickels will

be reporting to Mr. Tamsons, Managing Director JP

Projektteknik AB.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen

Teuvo Salminen

Additional information by:

Mr. Stefan Antell, President Jaakko Pöyry Oy,

tel: +358 9 8947 2344, +358 40 5200 262

Mr. Maris Tamsons, Managing Director JP

Projektteknik AB, tel. +46 8 731 45 00,

+46 70 510 91 74

www.poyry.com

DISTRIBUTION

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Stockholm Stock Exchange

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