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STOCK EXCHANGE RELEASE 19 Dec 2008

PÖYRY AWARDED RAILWAY ENGINEERING CONTRACTS IN POLAND TOTALLING EUR 10 MILLION

PÖYRY PLC          Company Announcement 19 December 2008 at 3.45 p.m.
 
PÖYRY AWARDED RAILWAY ENGINEERING CONTRACTS IN POLAND TOTALLING EUR 10 MILLION
 
Pöyry has been awarded an engineering contract with a value of EUR 8.9 million for detail design and tender documentation for the modernisation of the "Warsaw Diameter Line" and an engineering contract for a feasibility study for the E75 railway line (Rail Baltica) with a total value of EUR 1.1 million. Both contracts have been awarded by PKP Polskie Linie Kolejowe S.A.
 
The so-called Diameter Line is a railway line crossing the whole City of Warsaw between the Warsaw East and Warsaw West stations, running partially underground. The modernisation of the line embraces a 2.3 km long tunnel and stations serving both local and long-distance operations. The project is part of a larger modernisation project of the E65 railway line and is financed by the EU's Cohesion Fund and the Polish State Budget.
 
Pöyry's services in the project include development of detail design, environmental impact statement, tender documentation, and assistance in obtaining the opinions, approvals and permits necessary for commencing construction works. The duration of the project is 14 months.
 
The railway line E75 from Warsaw to the Lithuanian border with a length of 341 km or alternatively a 33 km longer route through Elk-Olecko is an important part of the European Transportation Corridor (TEN-Corridor) No. I called "Rail Baltica". It connects Warsaw (Poland), Kaunas (Lithuania) and Riga (Latvia) with Tallinn (Estonia) and is the only railway connection between Poland and the Baltic States. The modernisation of the E75 railway line will increase the travel speed for passenger trains to 160 km/h with an option of up to 200 km/h, and for freight traffic to 120 km/h. It will shorten the travel time on this important transportation corridor significantly.
 
The scope of Pöyry's assignment includes a feasibility study regarding economics, traffic, financing, and all technical aspects including the specifications for the design and implementation. The duration of this project will be 24 months.
 
These assignments are a continuation and expansion of Pöyry's transportation operations in Poland, where Pöyry has been active for more than ten years.
 
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 8000 experts.
 
PÖYRY PLC
 
Heikki Malinen
President and CEO
 
Teuvo Salminen
Deputy to President and CEO
 
Additional information by:
Johann Schmieder, President Business Unit Germany and CSEE, Germany
Tel. +49 7621 9300-46
 
 
DISTRIBUTION:
NASDAQ OMX Helsinki
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