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STOCK EXCHANGE RELEASE 26 Apr 2004

DISTRIBUTION AND ACCEPTANCE OF JAAKKO PÖYRY GROUP OYJ STOCK OPTIONS 2004

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           April 26, 2004 at 10.30 a.m.

DISTRIBUTION AND ACCEPTANCE OF JAAKKO PÖYRY GROUP OYJ STOCK OPTIONS 2004

The Annual General Meeting of Jaakko Pöyry Group Oyj approved on March
3, 2004 the issue of stock options to the management of the Group and to
a wholly-owned subsidiary of Jaakko Pöyry Group Oyj.

The Board of Directors of Jaakko Pöyry Group Oyj has approved the
distribution of the stock options directed to the management of the
Group and to the wholly-owned subsidiary of Jaakko Pöyry Group Oyj. A
total of 480 000 stock options 2004 were distributed to the management
of the Group. The remaining stock options were granted to JP-Invest Oy,
a wholly-owned subsidiary of Jaakko Pöyry Group Oyj, to be further
distributed to present and future members of the management of the
Group. All distributed stock options 2004 have been accepted within the
given period.

The maximum number of Jaakko Pöyry Group Oyj shares that can be
subscribed for with the stock options is 550 000. The share subscription
price for stock option 2004A shall be the trade volume weighted average
quotation of the Jaakko Pöyry Group Oyj share on the Helsinki Exchanges
between April 1 and April 30, 2004 with an addition of 20 per cent, for
stock option 2004B the trade volume weighted average quotation of the
Jaakko Pöyry Group Oyj share on the Helsinki Exchanges between April 1
and April 30, 2005 with an addition of 20 per cent, and for stock option
2004C the trade volume weighted average quotation of the Jaakko Pöyry
Group Oyj share on the Helsinki Exchanges between April 1 and April 30,
2006 with an addition of 20 per cent.

The share subscription period shall be

for stock option 2004A March 1, 2007 - March 31, 2010,
for stock option 2004B March 1, 2008 - March 31, 2011 and
for stock option 2004C March 1, 2009 - March 31, 2012.

The terms and conditions of the stock options are available on the
Jaakko Pöyry Group website at www.poyry.com at Investors/Shares.

JAAKKO PÖYRY GROUP OYJ


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


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

www.poyry.com

DISTRIBUTION
Helsinki Exchanges
Major media