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STOCK EXCHANGE RELEASE 16 Dec 2005

JAAKKO PÖYRY GROUP TO PROVIDE EUR 19 MILLION EPCM SERVICES FOR PULP MILL PROJECT IN BRAZIL

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           December 16, 2005 at 10.00 a.m.

JAAKKO PÖYRY GROUP TO PROVIDE EUR 19 MILLION EPCM SERVICES FOR PULP MILL
PROJECT IN BRAZIL

Jaakko Pöyry Tecnologia Ltda, which is part of the Jaakko Pöyry Group's
Forest Industry business group, has been assigned by Suzano Bahia Sul
Papel e Celulose S/A to provide balance of plant engineering for the new
pulp line to be built at the Mucurí mill in Bahia, Brazil. The value of
the services is about EUR 19 million.

The second pulp production line at the Mucurí unit will have a capacity
of one million t/a of market pulp for export, mainly to Europe, the US
and Asia. The estimated total investment including the industrial plant
and purchase and development of purpose-planted forests is US$1.3
billion. Start-up is scheduled for the third quarter of 2007.

Jaakko Pöyry has participated in the development of the project during
the conceptual and feasibility phases as well as in the basic
engineering, and is now providing owner's engineer services in the
implementation phase. The current assignment comprises engineering of
the interconnections between the packages and the auxiliary plants, the
Balance of Plant, within an engineering, procurement and construction
management services (EPCM) framework.

The Jaakko Pöyry Group's Forest Industry business group operates under
the brand name Jaakko Pöyry. Its net sales for 2004 were EUR 186
million. The Forest Industry business group has offices in 19 countries
and employs 2100 experts worldwide.

JAAKKO PÖYRY GROUP OYJ



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Deputy to President and CEO

Additional information by:
Mário Retamal, Head of Operations, Jaakko Pöyry Tecnologia Ltda, Brazil
Tel. +55 11 3472 6951
Maris Tamsons, President, Jaakko Pöyry Tecnologia Ltda, Brazil
Tel. +55 11 3472 6359

www.poyry.com

DISTRIBUTION:
Helsinki Stock Exchange
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