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STOCK EXCHANGE RELEASE 1 Nov 2002

APPOINTMENTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           November 1, 2002 at 09.00 a.m.

APPOINTMENTS IN JAAKKO PÖYRY GROUP OYJ

Mr. Jukka Nyrölä (56), LL.Lic., has been appointed Executive Vice
President of Jaakko Pöyry Group Oyj as of January 1, 2003. Jukka Nyrölä
joined Jaakko Pöyry Group in 1976 and has worked in several
international management positions, most recently from 1995 onwards as
President and CEO of the Energy business group.

Mr. Teuvo Salminen will continue as Deputy to President and CEO of
Jaakko Pöyry Group Oyj Mr. Erkki Pehu-Lehtonen.

Mr. Richard Pinnock (40), B.Sc. (Engineering), B.Com., has been
appointed President and CEO of the Energy business group and member of
Jaakko Pöyry Group Oyj's Executive Committee as of January 1, 2003
succeeding Jukka Nyrölä. Richard Pinnock joined the Jaakko Pöyry Group
in 1997. He has been President of Electrowatt-Ekono Thailand Ltd and was
appointed Chief Operating Officer of the Energy business group on April
1, 2002.

JAAKKO PÖYRY GROUP OYJ



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Deputy to President and CEO


Additional information by:
Erkki Pehu-Lehtonen, President and CEO, Jaakko Pöyry Group Oyj
Tel. +358 9 8947 2999, +358 400 468 084

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media