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STOCK EXCHANGE RELEASE 14 Jan 2008

PÖYRY AWARDED EUR 5.5 MILLION ASSIGNMENT FOR MASS TRANSIT SYSTEM IN VENEZUELA

Pöyry has been awarded an extension to the existing consultancy engineering contract with Metro de Maracaibo C.A., Venezuela. The value of the assignment is about EUR 5.5 million.
 
The contract relates to Line 1 of the light rail transportation system in Maracaibo and includes project review, site supervision, quality management, contract management, supervision of the maintenance of electro-mechanical equipment and rolling stock, planning and employee training. The services are to be carried out between January 2008 and end of 2009.
 
Pöyry has been the client's agent for the transportation system since 2002. The contracts awarded to date, in connection with the system, amount to a total of EUR 30 million. Pöyry has an excellent track record for major transportation projects in Latin America. Projects have been undertaken in Argentina, Brazil, Chile, Costa Rica, Colombia, Ecuador, Mexico, Peru and Venezuela.
 
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2006 amounted to about EUR 620 million and it employs 7000 experts.
 
PÖYRY PLC
 
Erkki Pehu-Lehtonen
President and CEO
 
Teuvo Salminen
Deputy to President and CEO
 
Additional information by:
Javier Rodriguez, Head of Pöyry Infra Ltd., Latin America
Tel. +34 91382 2300
Andy Goodwin, President, Business Area Transportation, Zurich, Switzerland
Tel. +41 76 356 2310
 
DISTRIBUTION:
OMX Nordic Exchange Helsinki
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