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2015-10-01

Pöyry Oyj: Pöyry awarded owner's engineer services assignment by Nakheel for two substations in Dubai, UAE

PÖYRY PLC Press release 1 October 2015 at 5 pm (EEST)

Pöyry awarded owner's engineer services assignment by Nakheel for two
substations in Dubai, UAE

Nakheel has awarded Pöyry with the owner's engineer services assignment for
the establishment of 132/11kV substations for two separate developments:
Jumeirah Village and Nad Al Hamar Residential Villas in Dubai, UAE. The
assignment includes tender preparation and bid evaluation, design review,
supervision and monitoring of installation works and commissioning of
substation in coordination with Dubai Water and Electricity Authority (DEWA).

The substations are the bulk power supply point for these developments and
interface between DEWA's 132kV transmission network and the 11kV distribution
network. They are indoor type incorporating state-of-the-art equipment and
with architecture finishes specifically selected to blend in with the theme
of the development.

"This significant win continues the strong track record of owner's engineer
services that Pöyry has successfully provided in the Middle East
Transmission&Distribution sector, putting Poyry at the forefront as a
preferred provider in the region for such services", says Anja Silvennoinen,
President of Pöyry's Energy Business Group.

The value of the order is not disclosed. The order will be recognised within
the Energy Business Group order stock in Q3 2015.

Additional information by:

Phillip Norman
Business Director, Transmission&Distribution, Energy Business Group
Tel. +971 4 6069 500

Anja Silvennoinen
President, Energy Business Group
Tel: +358 407 600 824

Pöyry is an international consulting and engineering company. We serve clients
globally across the energy and industrial sectors and provide local services
in our core markets. We deliver management consulting and engineering
services, underpinned by strong project implementation capability and
expertise. Our focus sectors are power generation, transmission&distribution,
forest industry, chemicals&biorefining, mining&metals, transportation and
water. Pöyry has an extensive local office network employing about 6,000
experts. Pöyry's net sales in 2014 were EUR 571 million and the company's
shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire

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