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STOCK EXCHANGE RELEASE 26 Apr 2005

APPROVAL OF SHARE SUBSCRIPTIONS WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           April 26, 2005 at 2.30 p.m.

APPROVAL OF SHARE SUBSCRIPTIONS WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

In its meeting on April 26, 2005 the Board of Directors of Jaakko Pöyry
Group Oyj has approved the subscriptions for 354 100 shares made with
warrants 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 354 100 from EUR 14 116 251 to EUR
14 470 351 and the total number of authorised shares will increase to
14 470 351.

The aim is to have the increase in share capital registered in the Trade
Register on May 9, 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 May 10, 2005.

The subscription period for all warrants ends on April 30, 2005. A total
of 1 272 065 shares have been subscribed with the warrants. 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