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STOCK EXCHANGE RELEASE 9 May 2005

INCREASE OF SHARE CAPITAL BASED ON SUBSCRIPTIONS WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           May 9, 2005 at 11.30 a.m.

INCREASE OF SHARE CAPITAL BASED ON SUBSCRIPTIONS WITH WARRANTS IN JAAKKO
PÖYRY GROUP OYJ

The 354 100 shares subscribed with warrants between February 25 and
April 21, 2005 pursuant to Jaakko Pöyry Group Oyj's Bond Loan with
Warrants of 1998, have been registered in the Trade Register. As a
result of the subscriptions, the registered share capital of the company
increased by EUR 354 100 from EUR 14 116 251 to EUR 14 470 351 and the
total amount of authorised shares increased to 14 470 351. The new
shares will be joined to the old shares and will be available for public
trading on the main list of the Helsinki Exchanges on May 10, 2005.

The subscriptions for 26 950 shares made with warrants between April 22
and 29, 2005 will be handled at the next Board meeting of the company on
July 27, 2005.

The subscription period for all warrants connected to the Bond Loan with
Warrants of 1998 ended on April 30, 2005. The 1 300 000 warrants
connected to the loan allowed subscription of 1 300 000 new shares of
the company. A total of 1 299 015 shares have been subscribed with the
warrants. Following the approval and registration of all share
subscriptions the share capital of the company will increase by a total
of EUR 1 299 015. The 385 warrants held by Jaakko Pöyry Group Oyj's
wholly-owned subsidiary JP-Sijoitus Oy as well as the 600 warrants with
which shares have not been subscribed, totally 985 warrants, have become
null and void and will be deleted from the book-entry register.

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