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STOCK EXCHANGE RELEASE 11 Feb 2005

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

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           February 11, 2005 at 11.45 a.m.

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

The 179 400 shares subscribed with warrants between December 10 and
December 31, 2004 pursuant to Jaakko Pöyry Group Oyj's Bond Loan with
Warrants of 1998, have been registered in the Trade Register. As a
result of the subscriptions, the registered share capital of the company
increased by EUR 179 400 from EUR 13 930 451 to EUR 14 109 851 and the
total amount of authorised shares increased to 14 109 851.

The new shares will be joined to the old shares and will be available
for public trading on the main list of the Helsinki Exchanges on
February 14, 2005.

The subscription period for all warrants ends on April 30, 2005. A total
of 916 565 shares have been subscribed with the warrants by February 2,
2005. An aggregate of 1.3 million shares in the company can be
subscribed with these warrants.

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