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STOCK EXCHANGE RELEASE 13 Jun 2000

JAAKKO PÖYRY GROUP EXPANDS ITS TELECOMMUNICATIONS BUSINESS

JAAKKO PÖYRY GROUP OYJ              Stock Exchange Notice
                                    June 13, 2000
                                    9.00 a.m.                  1(2)

JAAKKO PÖYRY GROUP EXPANDS ITS TELECOMMUNICATIONS BUSINESS

Jaakko Pöyry Group Oyj has subscribed thirty per cent of the shares
in Star Communications Oy, a company specialising in consulting
services and network planning for the telecommunications sector. The
shares were subscribed in a targeted share issue completed on June
12, 2000, reducing the main shareholder's Helsingin Puhelin Oyj's (as
of July 1, 2000 Elisa Communications Oyj) ownership to 70 per cent.
Jaakko Pöyry Group Oyj has redirected the strategy of its
Infrastructure & Environment business group, selecting the
telecommunications sector as one of the business group's main growth
areas. Jaakko Pöyry Group Oyj has carried out about one hundred
telecommunications projects around the world, most recently e.g. in
Switzerland, Spain and the United States.  In these projects, Jaakko
Pöyry Group Oyj has typically been responsible for project
management, site acquisition, permitting, design and construction
management. Star Communications Oy is intended to supplement Jaakko
Pöyry Group Oyj's service package in the areas of network planning
and network integration.  Jaakko Pöyry Group Oyj aims to expand its
telecommunications business within the next few years and to be able
to offer turn-key deliveries of telecommunications networks to
operators and equipment suppliers. For project implementation
services Jaakko Pöyry Group Oyj will rely on the resources of its
global network of offices in 34 countries and the Group's experience
of project implementation work in more than 100 countries.
Star Communications Oy specialises in consulting services and network
planning for the telecommunications sector. The total value of the
world telecommunications market is estimated at about EUR 1000
million. The value of the sector served by Star Communications Oy is
about EUR 3 billion and it is estimated to grow by more than 20 per
cent a year.
Mr Gunnulf Mårtenson has been appointed President of Star
Communications Oy. He has most recently been employed by e.g. Oy
Omnitele Ab, Swedtel AB, Nokia Telecommunications Ltd., the World
Bank and Finnet International Oy. As an employee incentive, Helsingin
Puhelin Oyj is prepared to sell to the company's management and key
personnel a ten per cent unit share of its shareholding. Following
this sale, which is to be completed at a later date, Helsingin
Puhelin Oyj will hold 60 per cent in Star Communications Oy, Jaakko
Pöyry Group Oyj 30 per cent and key personnel 10 per cent.
Chairman of the Board of Star Communications Oy is Ilpo Aarni, Senior
Vice President, Research and Business Development of Helsingin
Puhelin Oyj, with Vesa-Pekka Silaskivi, Senior Vice President,
Corporate Planning of Helsingin Puhelin Oyj and Teuvo
                                                               2(2)
Salminen, Executive Vice President of Jaakko Pöyry Group Oyj, as
members.
JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen


For more information please contact:

Teuvo Salminen, Executive Vice President, Jaakko Pöyry
Group Oyj, tel. +358 9 8947 2872, +358 400 420 285
Eero Raiski, Director, International Operations, JP-
Terasto Oy, tel. +358 9 8947 3975, +358 40 546 7760
Ilpo Aarni, Senior Vice President, Helsingin Puhelin Oyj,
tel. +358 10 262 2642, +358 50 2435
Gunnulf Mårtenson, Managing Director, Star Communications
Oy, tel. +358 50 62 999

www.poyry.com

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