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PRESS RELEASE 28 Mar 2003

SOIL AND WATER LTD AWARDED TWO SIGNIFICANT WATER RESOURCE MANAGEMENT PROJECTS


Soil and Water Ltd, which is a member of the Jaakko Pöyry Group's Infrastructure & Environment business group, has been awarded two water resource management projects in Africa and Russia. The total value of the contracts is approximately EUR 4 million.

A consortium led by Soil and Water Ltd has won the bidding arranged by the Finnish Ministry for Foreign Affairs for a consulting assignment in Africa. The project aims at harmonisation of the national policies and programmes of Egypt, Ethiopia and Sudan into a regionally accepted water resource management approach. A further aim is to facilitate the trans-boundary co-operation in the Nile catchment by developing the organisation of the regional co-operation unit and by providing advisory services. The value of the contract is about EUR 2 million and the project will be completed at the end of 2005.

Soil and Water Ltd has also secured a contract with the European Commission TACIS programme for water management in the Lake Chudskoe catchment at the Russo-Estonian border. The project will be implemented by a consortium of three companies led by Soil and Water. The contract includes preparation of a plan to reduce nutrient loads, training and public awareness raising, as well as development of the legislative framework. Another aim is to improve cross-border co-operation for environmental protection efforts at Lake Chudskoe. The value of the assignment is approximately EUR 2 million and it is scheduled to be completed by the end of 2004.

Jaakko Pöyry Infra's target is to secure large-scale water resource management projects and to establish a stable market share of the growing markets. The above projects are a major step towards this goal.

The Jaakko Pöyry Group's Infrastructure & Environment business group uses the brand name Jaakko Pöyry Infra. Its net sales for 2002 were EUR 123 million. The business group has offices in 12 countries and it employs 1300 experts worldwide.

JAAKKO PÖYRY GROUP OYJ

Satu Perälampi

Investor Relations

Additional information by:

Esa Ovaskainen, Senior Vice President/International Operations, Soil and Water Ltd

Tel. +358 9 682 6545, +358 40 837 33 83

www.poyry.com

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