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STOCK EXCHANGE RELEASE 11 Aug 2003

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

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           August 11, 2003 at 9.45 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,
36 500 shares subscribed with the warrants have been registered in the
Trade Register on August 11, 2003. As a result of the subscriptions, the
company's registered share capital was increased by EUR 36 500 from EUR
13 800 251 to EUR 13 836 751 and the total amount of authorized shares
increased to 13 836 751. The new shares entitle to dividends for the
financial year 2003 and to all other shareholders' rights as of the
registration date August 11, 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 August 12,
2003. A total of 475 765 shares have been subscribed with warrants on
August 11, 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, +358 40 511 6151

www.poyry.com

DISTRIBUTION:
Helsinki Exchanges
Major media