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STOCK EXCHANGE RELEASE 10 Nov 2003

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

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           November 10, 2003 at 10.30 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,
93 800 shares subscribed with the warrants have been registered in the
Trade Register on November 10, 2003. As a result of the subscriptions,
the company's registered share capital was increased by EUR 93 800 from
EUR 13 836 751 to EUR 13 930 551 and the total amount of authorized
shares increased to 13 930 551. The new shares entitle to dividends for
the financial year 2003 and to all other shareholders' rights as of the
registration date November 10, 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 November
11, 2003. A total of 569 565 shares have been subscribed with warrants
on November 10, 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