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PRESS RELEASE 28 Jan 2002

THE JAAKKO PÖYRY GROUP’S INVESTMENT BANK RETAINED AS ADVISOR IN TWO CORPORATE RESTRUCTURINGS


JP Capital International Ltd., which is a part of the Jaakko Pöyry Group's Forest Industry Consulting business group, has provided advisory services for two recently publicised corporate restructurings.

On January 23, 2002 Metsä-Botnia announced a restructuring in which its Kemiart Liners unit will be spun off into a separate company owned by M-real, UPM-Kymmene and Metsäliitto. JP Capital served as Metsä-Botnia's advisor.

On January 28, 2002 Jaakko Pöyry Group Oyj announced that Jaakko Pöyry Consulting has sold its JP Development Oy business unit to Helsinki Consulting Group Oy. In this divestment, JP Capital served as the Jaakko Pöyry Group's advisor.

JP Capital International is the investment banking arm of Jaakko Pöyry Group's Forest Industry Consulting business group, and it has offices in London and Singapore. It has an exclusive focus on the forest products industry cluster. This FSA-regulated operation provides professional corporate finance advisory services on M&A, funding and capital structure.

JAAKKO PÖYRY GROUP OYJ

Satu Lyytinen

Investor Relations

Additional information by:

Kari Viitala, Executive Director, JP Capital International Ltd.

Tel. +44 20 7479 4003

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