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STOCK EXCHANGE RELEASE 3 Mar 2005

APPROVAL OF SHARE SUBSCRIPTIONS WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           March 3, 2005 at 4.00 p.m.

APPROVAL OF SHARE SUBSCRIPTIONS WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

In its meeting on March 3, 2005 the Board of Directors of Jaakko Pöyry
Group Oyj has approved the subscriptions for 6400 shares made with
warrants between January 1 and February 24, 2005 pursuant to the
company's Bond Loan with Warrants of 1998. Following these
subscriptions, the registered share capital of the company will increase
by EUR 6400 from EUR 14 109 851 to EUR 14 116 251 and the total number
of authorised shares will increase to 14 116 251.

The aim is to have the increase in share capital registered in the Trade
Register on March 11, 2005. The subscribed new shares entitle to
dividend for the financial year 2005. Other shareholders' rights
commence on the date of registration of the share capital increase in
the Trade Register. The new shares will be joined to the old shares and
are expected to be available for public trading on the main list of the
Helsinki Exchanges on March 14, 2005.

The subscription period for all warrants ends on April 30, 2005. A total
of 922 965 shares have been subscribed with the warrants by February 24,
2005. An aggregate of 1.3 million shares in the company can be
subscribed with these warrants.

JAAKKO PÖYRY GROUP OYJ



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

Additional information by:
Anne Viitala, Group General Counsel, Jaakko Pöyry Group Oyj
Tel. +358 9 8947 2811

www.poyry.com

DISTRIBUTION:
Helsinki Exchanges
Major media