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STOCK EXCHANGE RELEASE 15 Feb 2007

PÖYRY TO PROVIDE SERVICES FOR THE FIRST BIOETHANOL PLANT IN THE PHILIPPINES

PÖYRY PLC                  Stock Exchange Notice
                           February 15, 2007 at 5.30 p.m.

PÖYRY TO PROVIDE SERVICES FOR THE FIRST BIOETHANOL PLANT IN THE
PHILIPPINES

Pöyry's Energy business group has been awarded contracts by San Carlos
Bioenergy Inc. (SCBI) to provide services for the first bioethanol
plant in the Philippines. SCBI is being established by Bronzeoak
Philippines Inc., the National Development Corporation and other
minority shareholders. The aggregate contract value is EUR 10 million.

The assignment consists of project management for the entire plant and
construction and supply agreements for balance-of-plant facilities.
The project involves construction of a complete new plant on a 25-
hectare greenfield site in the Province of San Carlos on the north-
eastern tip of Negros Island, Visayas, Central Islands of the
Philippines. The plant is expected to deliver 120 000 l/d of
bioethanol and 4 MW of excess power to the grid in November 2008.

The Philippines are heavily promoting bioethanol as a fuel additive,
having passed a Biofuels Act in October 2006. This first plant will
allow native agricultural products, in this case sugar cane, to
replace up to 5 per cent of the country's crude oil usage and to
supply green electricity locally.

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 6400 experts.

PÖYRY PLC



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Deputy to President and CEO

Additional information by:
Jean-Jacques Nyffenegger, President, Renewable Energy, Pöyry Energy
AG, Zurich, Switzerland
Tel. +41 76 356 2058

www.poyry.com

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