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STOCK EXCHANGE RELEASE 1 Aug 2000

INTERIM REPORT JANUARY 1 - JUNE 30, 2000

JAAKKO PÖYRY GROUP OYJ        Stock Exchange Notice
                              August 1, 2000, 9.00 a.m.     1(11)

INTERIM REPORT JANUARY 1 - JUNE 30, 2000

JAAKKO PÖYRY GROUP'S NET SALES AND PROFIT INCREASED

Net Sales and Earnings

The Jaakko Pöyry Group's net sales for the period January - June 2000
amounted to EUR 238.9 million (EUR 191.5 million in the same period
1999). The Group's operating profit was EUR 14.7 (12.2) million and
profit after financial items EUR 13.3 (11.4) million. The Group's
profit for the period under review was EUR 7.8 (6.9) million and
earnings per share EUR 0.57 (0.51).

Net sales increased in all business groups during the period under
review. The operating profit improved in Forest Industry Consulting
and Energy business groups. The Forest Industry business group's
result has been affected by certain earlier indicated lower margin
projects and under utilization of resources in some companies within
the local office network. The Forest Industry Consulting business
group's result has been favourably influenced by its activities as an
adviser in M & A transactions. Investments in expanding the
Infrastructure & Environment business group's telecommunications
scope and services have had a negative impact on the business group's
result. The Group's financial items include a cost of EUR 0.6 million
of foreign exchange forward contracts. The parent company has hedged
the Group's long-term USD-based order stock and USD-based fixed
assets.

Order Stock

The Group's order stock was at the same level as at the end of last
year and amounted to EUR 350.8 million at the end of June. The order
stock amounted to EUR 348.9 million at the end of December 1999.

Financing

The Group's liquidity remained good during the period under review.
At the end of June, the Group's cash in hand and at banks totalled
EUR 34.8 million and interest-bearing liabilities EUR 57.9 million,
so interest-bearing net debts amounted to EUR 23.1 million. At the
end of 1999 interest-bearing net debts amounted to EUR 11.7 million.
The net debt/equity ratio, gearing, rose from 13.5 per cent at the
end of the year to 25.7 per cent.

The agreement made in 1999 for insuring the Jaakko Pöyry Group's
pension fund's liabilities in an outside insurance company became
effective as of the beginning of 2000.

According to information from Swedish Staff Society (SPP), an amount
of EUR 6.1 million deriving from SPP's consolidation surplus has been
                                                           2 (11)
allocated to companies within the Jaakko Pöyry Group in Sweden. In
the end of August about EUR 1 million will be paid to the Group. The
repayment is not taken into account in the interim report.

Capital Expenditure

The Group's capital expenditure for the report period totalled EUR
6.0 (13.7) million. The capital expenditure consisted mostly of costs
related to computer software, systems and hardware.

After the period under review Jaakko Pöyry Group has sold its 50.0
per cent share of an office building in Le Pecq, France. The purchase
price was about EUR 5 million. The sale has no effect on the Groups'
result.

The figures in the interim report are unaudited.

Group Structure

Following a reorganisation effective from the beginning of the year
2000, the Process Industry business group has been merged with the
Energy business group.

The activities of the French engineering companies Beture-
Environnement S.A. and Beture-Cerec S.A. have been integrated into
the Energy and Infrastructure & Environment business groups. Acquired
in December last year, these two companies have about 150 employees.

In June 2000, Jaakko Pöyry Group Oyj has in a targeted share issue
subscribed thirty per cent of the shares in Star Communications Oy, a
company specialising in consulting services and network planning for
the telecommunication sector. At the same time, Jaakko Pöyry Group
Oyj has redirected the strategy of its Infrastructure & Environment
business group, selecting the telecommunications sector as one of the
business group's main growth areas. Star Communications Oy is
intended to supplement Jaakko Pöyry Group Oyj's service package in
the areas of network planning and network integration. Jaakko Pöyry
Group Oyj aims to expand its telecommunications business within the
next few years and to be able to offer turn-key deliveries of
telecommunications networks to operators and equipment suppliers. For
project implementation services Jaakko Pöyry Group Oyj will rely on
the resources of its global network of offices in 34 countries and
the Group's experience of project implementation in more than 100
countries.

Efforts to develop the Group's structure and organisation will
continue during the current year. In response to the continued
globalisation of the forest products industry, the Forest Industry
business group's local office network will be expanded further in
North America and Central Europe. There are also plans to expand
                                                            3 (11)

the operations of the Energy and Infrastructure & Environment
business groups.

Share capital and shares

Jaakko Pöyry Group Oyj's Annual General Meeting on March 8, 2000
authorised the Board of Directors to invalidate 597 200 of the
company's own shares and to reduce the company's share capital from
EUR 12.0 million to EUR 11.5 million. The Annual General Meeting
approved the Board of Directors' proposal to convert the company's
share capital into euros and to raise it to EUR 13 670 286 through a
bonus issue by transferring EUR 2.2 million from the legal reserve to
the share capital. After the increase, the accounting par value of
the company's shares is EUR 1.00. The amount of shares is 13 670 286.

The Annual General Meeting approved the Board of Directors' proposal
that a dividend of 1999 of EUR 0.45 (0.34 for 1998) be paid per
share, totalling EUR 6.2 million. The dividend was paid March 20,
2000.

The Annual General Meeting authorised the Board of Directors to raise
the share capital by a new issue or by taking a convertible loan or
by issuing option rights, so that based on the new issue, the
convertible bonds and option rights, the share capital can be raised
by a maximum of EUR 1.0 million by issuing for subscription a maximum
of 1.0 million new shares. The authorisation is in force until March
8, 2001.

Jaakko Pöyry Group Oyj issued in 1998 a bond loan with warrants to
all employees in the Group, with a total value of EUR 2.2 million.
The bonds with warrants were wholly subscribed. The warrants carry
subscription rights for a maximum of 1.3 million of the company's
shares, with the subscription period beginning partly (390 000
shares) on April 1, 2000 and ending for all warrants on April 30,
2005. In July 53 850 shares are subscribed.

The Annual General Meeting authorised the Board of Directors to
acquire and convey the company's own shares to a maximum of 5.0 per
cent of the company's share capital. The Board of Directors decided
on May 3, 2000 to exercise the authorisations. The authorisations are
in force until March 8, 2001.

The company's shares are quoted on the Helsinki Stock Exchanges. The
average trading price during the report period was EUR 19.71, with a
high of EUR 24.00 and a low of EUR 15.00. A total of 1.3 million of
the company's shares (equalling 9.2 per cent of the total number of
shares) were traded, corresponding to a turnover of EUR 24.9 million.
The company's share is delisted from the Stockholm Exchanges. The
last trading date was May 31, 2000. The amount of shares traded on
the Stockholm Exchanges during year 2000 was 27 466.

                                                            4 (11)

Prospects

The favourable economic development in the forest products industry
has continued. This has kept investment activity on a good level. The
consolidation of the industry will also continue. The Forest industry
business group's order stock is good. The business group's relative
profitability will increase during the rest of the year. The Forest
Industry Consulting business group's market position has improved and
its order stock is good. The business group's earnings will improve
significantly compared with last year. The Energy business group's
order stock and market position have remained good and will create a
firm basis for stable development of the business group's operations.
The order stock and market position of the Infrastructure &
Environment business group have remained good. The business group's
earnings will remain at last year's level.

The Jaakko Pöyry Group aims to achieve a return on investment (ROI)
of 20.0 per cent or more and to improve earnings per share at an
average rate of 15.0 per cent a year. Taking into account the
general economic development and the Group's order stock and market
position, the Group's prospects for achieving its goals are good.


Vantaa, July 31, 2000

Jaakko Pöyry Group Oyj
Board of Directors


Jaakko Pöyry Group Oyj



Erkki Pehu-Lehtonen                     Teuvo Salminen


For additional information, please contact:

Mr. Erkki Pehu-Lehtonen, President and CEO,
tel. +358 9 8947 2999, +358 400 468 084
Mr. Teuvo Salminen, Executive Vice President,
tel. +358 9 8947 2872, +358 400 420 285


Distribution:
Helsinki Stock Exchange
Major Media

JAAKKO PÖYRY GROUP                                             5 (11)



Consolidated Statement of Income     1-6/2000  1-6/1999   1-12/1999
(EUR Million)


NET SALES                               238,9     191,5       395,4

Other operating income                    1,0       1,4         5,1

Share of associated companies'            0,1       0,1         0,7
results

Operating expenses                     -218,7    -175,4      -360,8

Depreciation and value decrease          -6,6      -5,4       -13,2

OPERATING PROFIT                         14,7      12,2        27,2
Proportion of net sales, %                6,2       6,4         6,9

Financial income and expenses            -1,4      -0,8        -1,9

PROFIT AFTER FINANCIAL ITEMS             13,3      11,4        25,3
Proportion of net sales, %                5,6       6,0         6,4

Extraordinary items                       0,0       0,0         0,0

PROFIT BEFORE APPROPRIATIONS,
TAXES AND MINORITY INTEREST              13,3      11,4        25,3


Income taxes                             -4,2      -3,6        -8,9

Minority interest                        -1,3      -0,9        -1,4

NET PROFIT FOR THE PERIOD                 7,8       6,9        15,0




JAAKKO PÖYRY GROUP                                             6 (11)

                                      June 30,  June 30, December 31,
Consolidated Balance Sheet               2000      1999        1999
(EUR Million)

ASSETS

FIXED ASSETS

Consolidation goodwill                   38,2      37,7        40,0
Intangible and tangible assets           40,5      33,5        38,6
Non-current investments                  17,7      22,7        17,6

CURRENT ASSETS

Receivables                             180,4     145,1       171,6
Own shares                                0,0       5,5         5,5
Investments, cash in hand and at         34,8      44,6        30,7
banks

                                         311,6     289,1       304,0

SHAREHOLDERS' EQUITY AND
LIABILITIES

SHAREHOLDERS' EQUITY                     83,7      79,4        87,6

MINORITY INTEREST                         6,1       5,1         4,9

LIABILITIES *)

Non-current liabilities                  29,2      42,3        32,6
Current liabilities                     192,6     162,3       178,9

                                         311,6     289,1       304,0

*) Interest bearing liabilities          57,9      51,3        42,4
   Non-interest bearing                 163,9     153,3       169,1
   liabilities


JAAKKO PÖYRY GROUP                                             7 (11)

                                      June 30,  June 30, December 31,
Contingent Liabilities                   2000      1999        1999
(EUR Million)

Pledged assets and mortgages for
own debt
Pledged assets                            2,3       2,3         2,3
Mortgages, real estate                    1,2       1,1         1,2
Mortgages on company assets               6,3       6,1         6,3

Other obligations
Pledged assets                            2,5       3,4         2,6
Mortgages, real estate                    2,2       2,2         2,2
Rent and leasing obligations             62,6      58,0        61,7
Pension obligations                       0,4       0,4         0,4
Other obligations                        32,8      29,6        35,8

For others
Pledged assets                            2,5       3,4         3,4
Mortgages, real estate                    3,8       3,7         3,8


Derivative Instruments


Foreign exchange forward contracts,      22,2      49,8        18,2
notional values

The notional amounts outstanding include positions, EUR 7.8 (29.0)
million, which have been closed off.
The notional amounts are not a measure of the foreign
risk of the exposure outstanding.


JAAKKO PÖYRY GROUP                                             8 (11)


Key Figures                          1-6/2000    1-6/1999 1-12/1999


Earnings / share, EUR                    0,57        0,51      1,11

Shareholders' equity / share, EUR        6,13        5,40      6,00

Return on investment, % p.a.             21,7        20,1      22,6

Return on equity, % p.a.                 20,6        20,6      20,7

Equity ratio, %                          35,5        34,0      36,5

Equity / Assets ratio, %                 28,8        27,8      29,1

Net debt / Equity ratio (gearing),       25,7         8,6      13,5


Order Stock, EUR Million                350,8       350,3     348,9

Capital expenditure, operating,           5,9         4,0      11,1
EUR million
Capital expenditure in shares,  EUR       0,1         9,7      16,3
million

Personnel in group companies on         4 545       4 125     4 222
average

Personnel in group companies at the     4 644       4 169     4 472
end of the period

Personnel in associated companies         167       1 330       146
at the end of the period





JAAKKO PÖYRY GROUP                                             9 (11)

Key Figures for the Business Groups    1-6/00      1-6/99   1-12/99
EUR Million

NET SALES

Forest Industry                          73,4        60,6     119,6
Forest Industry Consulting               27,1        19,6      39,2
Energy                                   88,7        64,6     139,7
Infrastructure & Environment             48,9        46,4      97,3
Other                                     0,8         0,3      -0,4

Total                                   238,9       191,5     395,4

OPERATING PROFIT

Forest Industry                           5,6         6,7      13,5
Forest Industry Consulting                3,4         0,2       1,5
Energy                                    4,7         3,4       9,2
Infrastructure & Environment              3,1         3,7       7,6
Associated companies
Other                                    -2,1        -1,8      -4,6

Total                                    14,7        12,2      27,2

ORDER STOCK

Forest Industry                          70,7        54,2      70,5
Forest Industry Consulting               22,2        22,4      21,2
Energy                                  163,7       178,6     165,4
Infrastructure & Environment             94,2        95,1      91,8

Total                                   350,8       350,3     348,9


NET SALES BY AREA

The Nordic countries                     74,7        46,3      92,8
Other Europe                             88,7        93,4     178,9
Asia                                     32,1        20,7      69,7
North America                            17,6        10,9      22,8
Other                                    25,8        20,2      31,2

Total                                   238,9       191,5     395,4


 JAAKKO PÖYRY GROUP                                             10 (11)

 Key Figures for the Business      7-9/98 10-12/98    1-3/99   4-6/99
 Groups
 EUR Million

 NET SALES

 Forest Industry                     25,3     33,1      30,6     30,0
 Forest Industry Consulting           7,9     10,0       9,6     10,0
 Energy                              13,5     22,6      30,9     33,7
 Infrastructure & Environment        10,0     12,5      22,8     23,6
 Other                                0,0     -0,6       0,4     -0,1

 Total                               56,7     77,6      94,3     97,2

 OPERATING PROFIT

 Forest Industry                      4,5      4,6       3,6      3,1
 Forest Industry Consulting           0,2      0,3       0,2      0,0
 Energy                               0,5      1,7       1,3      2,1
 Infrastructure & Environment         0,8      1,0       1,6      2,1
 Associated companies                -0,2      0,3
 Other                               -0,3     -0,2      -1,0     -0,8

 Total                                5,5      7,7       5,7      6,5

 ORDER STOCK

 Forest Industry                     52,0     41,3      55,3     54,2
 Forest Industry Consulting          27,2     25,8      23,1     22,4
 Energy                              77,9     73,7     173,5    178,6
 Infrastructure & Environment        25,8     26,3      94,2     95,1

 Total                              182,9    167,1     346,1    350,3


JAAKKO PÖYRY GROUP                                              11 (11)

Key Figures for the Business      7-9/99  10-12/99    1-3/00  4-6/00
Groups
EUR Million

NET SALES

Forest Industry                     24,9      34,1      36,2    37,2
Forest Industry Consulting           9,3      10,3      11,8    15,3
Energy                              29,7      45,4      40,4    48,3
Infrastructure & Environment        22,4      28,5      25,9    23,0
Other                               -0,1      -0,6       0,4     0,4

Total                               86,2     117,7     114,7   124,2

OPERATING PROFIT

Forest Industry                      2,9       3,9       3,7     1,9
Forest Industry Consulting           0,3       1,0       0,5     2,9
Energy                               1,5       4,3       2,4     2,3
Infrastructure & Environment         2,1       1,8       2,1     1,0
Associated companies
Other                               -0,6      -2,2      -1,6    -0,5

Total                                6,2       8,8       7,1     7,6

ORDER STOCK

Forest Industry                     76,4      70,5      76,7    70,7
Forest Industry Consulting          19,8      21,2      23,2    22,2
Energy                             176,1     165,4     167,8   163,7
Infrastructure & Environment        91,9      91,8      89,9    94,2

Total                              364,2     348,9     357,6   350,8