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STOCK EXCHANGE RELEASE 21 Sep 2001

JAAKKO PÖYRY GROUP WINS PULP AND PAPER MILL PROJECT IN TURKMENISTAN

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           September 21, 2001 at 2 p.m.        1(1)

JAAKKO PÖYRY GROUP WINS PULP AND PAPER MILL PROJECT IN TURKMENISTAN

Jaakko Pöyry Oy, which is a part of Jaakko Pöyry Group Oyj's Forest
Industry business group, has been commissioned by Gap Insaat Yatirim
Ve Dis Ticaret A.S. to provide project management services for a
pulp and paper mill to be built in Turkmenistan. The project will be
completed in 2.5 years. The total contract value is EUR 4.6 million.

Gap Insaat Yatirim Ve Dis Ticaret A.S. is a major diversified
company in Turkey, which has signed a contract with the State of
Turkmenistan for the turn-key delivery of a pulp and paper mill to
be built at Yaslik in Turkmenistan. Jaakko Pöyry's input will
consist of a pre-feasibility study and various services related to
the implementation of the project. Jaakko Pöyry Oy will serve as
project manager and the client's advisor.

Using local straw and cotton linters as raw material, the new mill
will be the first pulp and paper mill in Turkmenistan. In this
project, Jaakko Pöyry Oy will have an opportunity to make use of its
pioneering technology for the manufacture of straw pulp. Initially,
Jaakko Pöyry Oy will conduct a pre-feasibility study to determine
which paper and paperboard products that lend themselves best to the
planned production. The study will examine the raw material base and
local demand for paper products, with the object of maximising the
use of straw pulp in the mill's fibre furnish.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Executive Vice President


Additional information by:
Kari Kalliala, President, Jaakko Pöyry Oy
tel. +358 9 8947 2033, +358 40 540 8335
Tuomo Niemi, Vice President Pulp Technology, Jaakko Pöyry Oy
tel. +358 9 8947 2856, +358 40 548 3902

www.poyry.com

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