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STOCK EXCHANGE RELEASE 5 May 2003

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

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           May 5, 2003 at 10.00 a.m.

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

Pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of 1998,
8650 shares subscribed with the warrants have been registered in the
Trade Register on May 5, 2003. As a result of the subscriptions, the
company's registered share capital was increased by EUR 8650 from EUR
13 791 601 to EUR 13 800 251 and the total amount of authorized shares
increased to 13 800 251. The new shares entitle to dividends for the
financial year 2003 and to all other shareholders' rights as of the
registration date May 5, 2003.

The new shares will be joined to the old shares and are available for
public trading on the main list of the Helsinki Exchanges on May 6,
2002. A total of 439 265 shares have been subscribed with warrants on
May 5, 2003.

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