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PRESS RELEASE 20 Dec 2016

Pöyry awarded complete engineering services assignment for the Untere Tuxbachüberleitung hydropower project, Austria

Pöyry awarded complete engineering services assignment for the Untere Tuxbachüberleitung hydropower project, Austria

PÖYRY PLC   Press Release 20 December 2016 at 10.30 (EET)

Verbund Hydro Power GmbH has awarded Pöyry an assignment for a wide range of engineering and project management services for the Untere Tuxbachüberleitung hydropower project to be constructed in the Tyrolean Zillertal, Austria. The assignment comprises detailed design and site supervision services as well as the necessary geological aspects including hydro geological preservation services.

The Tuxbach hydropower project is situated in the Zillertal, province of Tyrol. The new structure will harness the power of the Tuxbach creek and will simultaneously increase the efficiency of the group of hydropower plants "Zemm - Ziller", one of the largest power stations in Austria. The project comprises one 8.6 km long tunnel, two weirs, a fish passing structure and a small hydropower plant with an installed capacity of 1.7 MW. Construction work will start in early 2017 and is scheduled for completion after 3 years.

"This project further strengthens Pöyry's position as one of the world's leading hydropower engineering consultancies", says Thomas Kriesch, Pöyry's President of Regional Operations in Austria.

The value of the order is not disclosed. The order will be recognised in the Regional Operations and Energy Business Group order stocks in Q4/2016.

Further information:

Thomas Kriesch
President, Regional Operations, Austria
Tel. + 43 664 2261079

Did you know? Pöyry is involved in hydropower projects with a total installed capacity of over 100 GW worldwide. www.poyry.com/hydro

About Pöyry

Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2015 were EUR 575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).

www.poyry.com