Pöyry appointed to deliver EPCM services for concentrating plant expansion project at Kittilä gold mine

PÖYRY PLC          Press release 17 May 2013 at 11:30 am Agnico-Eagle Finland Oy has awarded Pöyry a services contract, for the expansion project for the concentrating plant and leaching process at Kittilä gold mine. The contract is for the provision of a total EPCM service and Pöyry will be responsible for project management, engineering and procurement and construction management. The project is an expansion to the existing operational mine. Pöyry also provided engineering and construction management services for the initial development of the existing concentrating plant. Locally, the project will employ around 100 people at the construction stage and 30 people in the concentrating process. The Agnico-Eagle Kittilä mine is one of the largest known gold deposits in Europe, with a gold reserve of nearly 5 million ounces. Currently, the mine employs 400 people and 180 contractors. The Kittilä mine area contains several open pit deposits and deep-lying ore is excavated from an underground mine. The mine processes 3,000 tons of ore per day, and is expected to produce approximately 150,000 ounces of gold per year. The gold is separated from the ore by pressure leaching. The expansion will increase the production by 25 per cent. Pöyry has extensive global experience of executing demanding projects. For the mining industry, we deliver consulting, engineering and project services, as well as ongoing operational services for the mine itself. Services include mine feasibility, environmental impact, geology and beneficiation of ore. The value of the order is not disclosed. The order was recognised within the Industry business group's order stock in Q1/2013. PÖYRY PLC Additional information: Kari Föhr Vice President, Mining & Metals, Europe, Pöyry Tel. +358 10 334 9020 Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and locally in our core markets. We deliver strategic advisory 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, water and real estate sectors. Pöyry has an extensive local office network employing about 6,500 experts. Pöyry's net sales in 2012 were EUR 775 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V). DISTRIBUTION: Major media www.poyry.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Pöyry Oyj via Thomson Reuters ONE [HUG#1702833]