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STOCK EXCHANGE RELEASE 3 Aug 2005

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

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           August 3, 2005 at 11.00 a.m.

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

The 26 950 shares subscribed with warrants between April 22 and 29,
2005, pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of
1998, have been registered in the Trade Register. The registered share
capital of the company increased by EUR 26 950 from EUR 14 470 351 to
EUR 14 497 301 and the total amount of authorised shares increased to
14 497 301. The new shares will be joined to the old shares and will be
available for public trading on the main list of the Helsinki Stock
Exchange on August 4, 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 were subscribed with the
warrants. Following the share subscriptions the share capital of the
company increased by a total of EUR 1 299 015.

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 Stock Exchange
Major media