On 14 October, Pöyry announced an operational excellence programme that aims at improving the efficiency and quality of operations. The Group-wide programme will be implemented during 2010-2012. Pöyry also announced that the programme will be started in Finland where the need for structural changes and streamlining of the organisation is most imminent. In this conjunction Pöyry also announced it will initiate statutory employee negotiation in all its Finnish operations.

Analysis of the operations in Finland and efficiency improvements needed to achieve profitability level in line with the targets set for the Group has been done. Based on this, the first indications of the possible impacts on the organisation and capacity have been estimated. The planned reduction in capacity, of the currently active workforce, is estimated to correspond to 250-350 persons. The targeted annualised cost savings are EUR 10-15 million. In addition, the future outlook for the workforce of about 200 persons temporarily laid off will be carefully considered. The related restructuring costs are estimated to be in the range of EUR 6-10 million including the possible additional costs from earlier reduction measures. Implementation of the efficiency improvement measures in Finland is expected to take about 6-9 months. The majority of the restructuring costs in Finland are expected to be recorded in the fourth quarter of 2010.

The measures to be taken focus on streamlining of operations and office network, reducing administration and non-billable activities as well as improving core processes and investing in competence development. As part of the programme, engineering services continue to be consolidated into engineering centres in cost competitive locations. Once completed, the Pöyry Group will have a more effective and cost-efficient organisation as well as a streamlined regional office network serving our Finnish clientele. Even after the estimated capacity reductions, Finland will constitute one of our core markets with strong service capabilities employing around 2000 persons.

PÖYRY PLC

Additional information by:
Heikki Malinen, President and CEO, Pöyry PLC, Finland
Camilla Grönholm, Executive Vice President, Human Resources, Pöyry PLC, Finland
Contacts: Heli Uusnäkki, tel. +358 10 33 21158

Press outside the capital area:
Tapio Aalto, President, Pöyry Finland Oy
Contacts: Heli Uusnäkki, tel. +358 10 33 21158
Investors and analysts:
Sanna Päiväniemi, Director, Investor Relations, Pöyry PLC, Finland
tel. +358 10 33 23002