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STOCK EXCHANGE RELEASE 3 Feb 2003

EMPLOYEE NEGOTIATIONS CONCLUDED AT JAAKKO PÖYRY OY

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           February 3, 2003 at 2.30 p.m.

EMPLOYEE NEGOTIATIONS CONCLUDED AT JAAKKO PÖYRY OY

The  employee negotiations, which were started on October 15, 2002,
have been concluded on February 3, 2003 at Jaakko Pöyry Oy, which
belongs  to the  Jaakko Pöyry Group's Forest Industry business group.
Because of new assignments booked in the order stock and the forest
industry's improved investment  activity,  there  is  no need  for
temporary  or  permanent layoffs.

JAAKKO PÖYRY GROUP OYJ


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


Additional information by:
Kari Kalliala, President, Jaakko Pöyry Oy
Tel. +358 9 8947 2033, +358 40
540 8335

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media