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STOCK EXCHANGE RELEASE 11 Mar 2005

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

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           March 11, 2005 at 10.15 a.m.

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

The 6400 shares subscribed with warrants between January 1 and February
24, 2005 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 6400 from EUR 14 109 851 to EUR 14 116 251 and the total amount of
authorised shares increased to 14 116 251.

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 March
14, 2005.

The subscription period for all warrants ends on April 30, 2005. A total
of 917 965 shares have been subscribed with the warrants by February 24,
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