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STOCK EXCHANGE RELEASE 29 Nov 2000

JAAKKO PÖYRY GROUP RECEIVES EUR 15 MILLION ENGINEERING ASSIGNMENTS FOR ARACRUZ PULP MILL PROJECT IN BRAZIL

JAAKKO PÖYRY GROUP OYJ              Stock Exchange Notice
                                    November 29, 2000
                                    12.00 a.m.        1(1)

JAAKKO PÖYRY GROUP RECEIVES EUR 15 MILLION ENGINEERING ASSIGNMENTS
FOR ARACRUZ PULP MILL PROJECT IN BRAZIL

Jaakko Pöyry Tecnologia Ltda, a Jaakko Pöyry Group company based
in São Paulo, has been appointed engineering consultant for the
Aracruz pulp mill's 700,000 t/a expansion project in Brazil. The
assignment comprises engineering, procurement and construction
management services for the interconnections and complementary
plants of Aracruz pulp mill. Jaakko Pöyry Tecnologia will also
provide Owner's Engineering services to assist Aracruz in the
project engineering and management. The services will be provided
by Jaakko Pöyry Tecnologia, with support from Jaakko Pöyry Oy in
Helsinki. This is the fourth major assignment for Aracruz Celulose
S.A. since 1974.

Jaakko Pöyry Oy in Helsinki has been commissioned by Andritz-
Ahlström Oy to provide detail engineering services for the Aracruz
pulp mill project.

The total value of the Jaakko Pöyry Group's assignments for the
Aracruz pulp mill project is approximately EUR 15 million.

Jaakko Pöyry Tecnologia is the Jaakko Pöyry Group's Brazilian
subsidiary, belonging to the Group's Forest Industry business
group. The operations were started in 1999 after restructuring of
the Group's operations in Brazil. The company employs today some
100 people.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen

Additional information by:

Carlos Farinha e Silva, President, Jaakko Pöyry Tecnologia Ltda
Tel. +55 11 5181 7766

Tuomo Niemi, Vice President Pulp Technology, Jaakko Pöyry Oy
Tel. +358 9 8947 2856, +358 40 548 3902

www.poyry.com

DISTRIBUTION:
HEX Helsinki Exchanges
Major media