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STOCK EXCHANGE RELEASE 13 Feb 2004

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

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           February 13, 2004 at 9.30 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,
3700 shares subscribed with the warrants have been registered in the
Trade Register on February 13, 2004. As a result of the subscriptions,
the company's registered share capital was increased by EUR 3700 from
EUR 13 966 901 to EUR 13 970 601 and the total amount of authorized
shares increased to 13 970 601. The new shares entitle to dividends for
the financial year 2003 and to all other shareholders' rights as of the
registration date February 13, 2004.

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 February
16, 2004. A total of 609 615 shares have been subscribed with warrants
on February 13, 2004.

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