Pöyry has been selected as main engineering consultant for Portucel's new paper mill project in Portugal. The new paper mill will be built at Portucel's existing pulp and paper mill site in Setubal. The assignment comprises complete planning services and has a value of about EUR 10 million. It will be included in the order stock for the third quarter. The new paper mill project will start immediately and commercial production is scheduled to begin by the third quarter of 2009. The paper machine will be designed to produce about 500 000 t/a office papers. After this investment the pulp mill in Setubal will be fully integrated with the paper production. This assignment is a continuation of Pöyry's good relationship with the Portucel Soporcel Group, for whom two paper machine projects were recently carried out at the Figueira mill. 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: John Lindahl, Deputy to President of Forest Industry Business Group, Vantaa, Finland Tel. +358 10 33 22951 Nicholas Oksanen, Vice President, Pöyry Forest Industry Oy, Vantaa, Finland Tel. +358 10 33 22294 www.poyry.com DISTRIBUTION: OMX Nordic Exchange Helsinki Major media