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STOCK EXCHANGE RELEASE 8 Feb 2001

JAAKKO PÖYRY GROUP TO SUPERVISE BUILDING CONTRACTS IN VIETNAM

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           February 8, 2001 at 4.15 p.m.

JAAKKO PÖYRY GROUP TO SUPERVISE BUILDING CONTRACTS IN VIETNAM

Soil and Water Ltd, a member of the Jaakko Pöyry Group's
Infrastructure & Environment business group, has been commissioned
to supervise building contracts for the waste water and drainage
project in the city of Haiphong. Financed by the Ministry for
Foreign Affairs of Finland, the supervision contract value amounts
to a total of EUR 3 million. The building contracts are financed by
the World Bank and will be implemented during the period 2001-2005.

The supervision contract is a continuation of the water supply
development projects carried out by Soil and Water Ltd in Haiphong
since 1990, strengthening the company's position in the world market
for water supply construction management and supervision services.
The company is at present involved in a similar project in Cyprus.
Last year, Soil and Water Ltd won the international competitive
tendering process for construction management services for the World
Bank-financed Danang water supply project.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen


Additional information by:
Jukka Noponen, President and CEO, Soil and Water Ltd
Tel. +358 9 682 6400, +358 40 587 4323

Ari Makkonen, Vice President Water Supply and Sanitation, Soil and
Water Ltd
Tel.+358 9 682 6504, +358 40 510 7117

www.poyry.com



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