Jaakko Pöyry Group Oyj's major shareholders as of 31 December 2003

Owner	Number of shares	Per cent of shares and voting rights
1. Corbis S.A.	3 741 990	27.11
2. Procurator Oy	556 750	4.03
3. Mutual Pension Insurance Company Varma-Sampo	545 250	3.95
4. Odin Norden	370 900	2.69
5. Henki Sampo Life Insurance Company Ltd	280 000	2.03
6. Suomi Mutual Life Assurance Company	210 000	1.52
7. Suomi Insurance Company Ltd	183 000	1.33
8. Nordea Life Assurance Ltd	162 000	1.17
9. Odin Finland	125 400	0.91
10. Placeringsfonden Aktia Capital	125 000	0.91
11. Nordea Nordic Small Cap Fund	113 750	0.82
12. Nordea Avanti Fund	102 900	0.75
13. UMO Capital Oy	100 600	0.73
14. Gyllenberg Finlandia Fund	100 000	0.72
15. Pohjola Non-Life Assurance Company Ltd	95 000	0.69
16. Nordea Fennia Fund	68 600	0.50
17. Nordea Foresta Fund	67 400	0.49
18. OP-Suomi Kasvu Mutual Fund	61 700	0.45
19. Mutual Insurance Company Pension Fennia	45 600	0.33
20. Louise och Göran Ehrnrooths Stiftelse	45 100	0.33
Total	7 100 940	51.44
Shares nominee register total	5 490 191	39.77