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STOCK EXCHANGE RELEASE 2 Nov 2000

INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2000

JAAKKO PÖYRY GROUP OYJ        Stock Exchange Notice
                              November 2, 2000, 8.30 a.m.   1(12)

INTERIM REPORT JANUARY 1 - SEPTEMBER 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 - September
2000 amounted to EUR 357.5 million (EUR 277.7 million in the same
period 1999). The Group's operating profit was EUR 23.0 (18.4)
million and profit after financial items EUR 21.3 (17.3) million. The
Group's profit for the period under review was EUR 12.3 (10.3)
million and earnings per share EUR 0.90 (0.76).

Net sales increased in all business groups during the period under
review. The operating profit improved in the Forest Industry
Consulting, Energy and Infrastructure & Environment business groups.
The Forest Industry business group's earnings were affected by
certain previously foreseen lower-margin projects, especially in the
second and partly in the third quarter. The Forest Industry
Consulting business group's earnings were boosted by its activities
as an adviser in M & A transactions. The earnings of the Energy
business group were affected by cost overruns related to turn-key
projects undertaken by the Process Contracting business group, which
was integrated with the Energy business group at the beginning of the
year 2000, and by costs due to this integration. The Infrastructure &
Environment business group's earnings were depressed by investments
of about EUR 0.6 million in expanding the Group's telecommunications
business.

The Group intensified its efforts to develop new business activities
during the period under review. Investments were focused on
commercialisation of various computer applications and product
innovations related to the Group's IT-based products. Such special
investments amounted to about EUR 0.5 million during the period under
review. The Group's financial items include EUR 0.6 million of
foreign exchange forward contracts for hedging the Group's long-term
USD-based order stock and USD-based fixed assets. The Group's
operating profit includes EUR 1.3 million refunded by the Pension
Funds of Swedish Salaried Employees (SPP). Following the refund for
the period under review, the Jaakko Pöyry Group's remaining share of
the SPP surplus amounts to EUR 5.2 million.

Order Stock

The Group's order stock remained good. At the end of September, the
order stock totalled EUR 325.9 million, compared with EUR 348.9
million at the end of 1999. The order stock of the consulting and
engineering businesses remained stable, and the decline in the total
order stock was caused by a decrease of EUR 14.6 million in the order



                                                            2

stock related to turn-key projects. The Group's strategic objective
is to improve its relative profitability to the extent that the
operating profit exceeds eight per cent of net sales. Because of the
nature of the turn-key projects business, its profitability is
generally lower than that of the consulting and engineering
businesses. For this reason, the Group does not intend to expand the
volume of turn-key projects, while striving to improve their
profitability.


Financing

The Group's liquidity remained good during the period under review.
At the end of September, the Group's cash in hand and at banks
totalled EUR 45.4 million and interest-bearing liabilities EUR 50.3
million, so interest-bearing net debts amounted to EUR 4.9 million.
At the end of 1999 interest-bearing net debts amounted to EUR 11.7
million. The net debt/equity ratio, gearing, decreased from 13.5 per
cent at the end of the year to 5.2 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.


Capital Expenditure

The Group's capital expenditure for the period under review totalled
EUR 8.9 (18.9) million. The capital expenditure consisted mostly of
costs related to computer software, systems and hardware.

Jaakko Pöyry Group has sold its 50.0 per cent share of an office
building in Le Pecq, France. The sales price was about EUR 5.3
million. The sale has no effect on the Group's 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.




                                                            3

In June 2000, Jaakko Pöyry Group Oyj subscribed, in a targeted share
issue, thirty per cent of the shares in EPStar Oy (earlier Star
Communications Oy), a company specialising in consulting services and
network planning for the telecommunication sector. At the same time,
Jaakko Pöyry Group Oyj redirected the strategy of its Infrastructure
& Environment business group, selecting the telecommunications sector
as one of the business group's main growth areas. EPStar 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. The net sales in 2000 for the telecommunication sector in
Jaakko Pöyry Group is about EUR 10 million. The Group's aim is to
double the volume of this business during 2001 and 2002.

In October, after the end of the review period, the Jaakko Pöyry
Group acquired the Asian bridge and construction management business
of VCE - Vienna Consulting Engineers, Austria. The acquired bridge
business employs about 20 international and local experts with know-
how in design, monitoring and construction management related to
bridges and viaducts, including special expertise in cable-stayed
bridges. The company's office is situated in Taipei, Taiwan. Its net
sales amounted to about EUR 2 million in 1999.

Efforts to develop the Group's structure and organisation will
continue. 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 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 cancel 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, with the number of shares totalling
13 670 286.

The Annual General Meeting approved the Board of Directors' proposal
that a dividend of EUR 0.45 be paid per share for 1999 (0.34 for



                                                            4

1998), totalling EUR 6.2 million. The dividend was paid on 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.

In 1998, Jaakko Pöyry Group Oyj issued 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 had been subscribed. Following these
subscriptions, the total number of shares amounts to 13 724 136.

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 Exchanges. The
average trading price during the report period was EUR 19.64, with a
high of EUR 24.00 and a low of EUR 15.00. A total of 1.6 million of
the company's shares (equalling 11.5 per cent of the total number of
shares) were traded, corresponding to a turnover of EUR 31.1 million.
The company's share was 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.


Prospects

The favourable economic development in the forest products industry
has continued, keeping investment activity at a good level. The
consolidation of the industry is also expected to 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 earnings. The order stock and market position of the




                                                            5

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 improve earnings per share at an
average rate of 15.0 per cent a year and to achieve a return on
investment (ROI) of 20.0 per cent or more. In view of the earnings
development during the first nine months of the year and the Group's
order stock and market position, the above-mentioned objectives will
be reached.


Vantaa, November 1, 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 Exchanges
Major Media

JAAKKO PÖYRY GROUP                                                    6



Consolidated Statement of Income     1-9/2000    1-9/1999   1-12/1999
 (EUR Million)


NET SALES                               357.5       277.7       395.4

Other operating income                    1.3         3.2         5.1

Share of associated companies'           -0.3         0.5         0.7
results

Operating expenses                     -325.7      -254.9      -360.8

Depreciation and value decrease          -9.8        -8.1       -13.2

OPERATING PROFIT                         23.0        18.4        27.2
Proportion of net sales, %                6.4         6.6         6.9

Financial income and expenses            -1.7        -1.1        -1.9

PROFIT AFTER FINANCIAL ITEMS             21.3        17.3        25.3
Proportion of net sales, %                6.0         6.2         6.4

Extraordinary items                       0.0         0.0         0.0

PROFIT BEFORE APPROPRIATIONS,
TAXES AND MINORITY INTEREST              21.3        17.3        25.3


Income taxes                             -7.2        -5.8        -8.9

Minority interest                        -1.8        -1.2        -1.4

NET PROFIT FOR THE PERIOD                12.3        10.3        15.0




JAAKKO PÖYRY GROUP                                                     7

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

ASSETS

FIXED ASSETS

Consolidation goodwill                  36.5          39.6        40.0
Intangible and tangible assets          39.5          37.0        38.6
Non-current investments                 13.3          21.2        17.6

CURRENT ASSETS

Receivables                            184.6         158.4       171.6
Own shares                               0.0           5.5         5.5
Investments, cash in hand and           45.4          40.8        30.7
at banks

                                        319.3         302.5       304.0

SHAREHOLDERS' EQUITY AND LIABILITIES

SHAREHOLDERS' EQUITY                    88.8          83.1        87.6

MINORITY INTEREST                        6.2           4.1         4.9

LIABILITIES *)

Non-current liabilities                 31.2          43.4        32.6
Current liabilities                    193.1         171.9       178.9

                                        319.3         302.5       304,0

*) Interest bearing
   liabilities                          50.3          54.8        42.4
   Non-interest bearing
   liabilities                         174.0         160.5       169.1


JAAKKO PÖYRY GROUP                                                     8

                                  September 30, September 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              6.1          6.1         6.3

Other obligations
  Pledged assets                           2.5          2.7         2.6
  Mortgages, real estate                   1.4          2.2         2.2
  Rent and leasing obligations            65.9         62.2        61.7
  Pension obligations                      0.4          0.4         0.4
  Other obligations                       32.0         35.3        35.8

For others
  Pledged assets                           2.5          3.4         3.4
  Mortgages, real estate                   3.8          3.8         3.8


Derivative Instruments, notional values


  Foreign exchange forward                18.0         20.1        18.2
 contracts
  Currency options, bought                              10.4
  Currency options, sold                                10.0



JAAKKO PÖYRY GROUP                                                   9


Key Figures                          1-9/2000    1-9/1999  1-12/1999


Earnings / share, EUR                    0.90        0.76       1.11

Shareholders' equity / share, EUR        6.47        5.67       6.00

Return on investment, % p.a.             23.1        19.9       22.6

Return on equity, % p.a.                 20.7        19.9       20.7

Equity ratio, %                          37.7        34.7       36.5

Equity / Assets ratio, %                 29.7        27.5       29.1

Net debt / Equity ratio                   5.2        17.2       13.5
(gearing), %

Order Stock, EUR million                325.9       364.2      348.9

Capital expenditure, operating,           7.9         6.9       11.1
EUR million
Capital expenditure in shares,            1.0        12.0       16.3
EUR million

Personnel in group companies in         4 543       4 127      4 222
average

Personnel in group companies at
the end of the period                   4 582       4 180      4 472

Personnel in associated companies
at the end of the period                  187         280        146

JAAKKO PÖYRY GROUP                                                    10

Key Figures for the Business Groups      1-9/00      1-9/99    1-12/99
(EUR Million)

NET SALES
Forest Industry                           109.1        85.5      119.6
Forest Industry Consulting                 39.7        28.9       39.2
Energy                                    133.9        94.3      139.7
Infrastructure & Environment               73.8        68.8       97.3
Other                                       1.0         0.2       -0.4

Total                                     357.5       277.7      395.4

OPERATING PROFIT
Forest Industry                             8.5         9.6       13.5
Forest Industry Consulting                  4.6         0.5        1.5
Energy                                      5.7         4.9        9.2
Infrastructure & Environment                5.9         5.8        7.6
Associated companies
Other                                      -1.7        -2.4       -4.6

Total                                      23.0        18.4       27.2

ORDER STOCK
Forest Industry                            66.0        76.4       70.5
Forest Industry Consulting                 25.1        19.8       21.2
Energy                                    137.0       176.1      165.4
Infrastructure & Environment               97.8        91.9       91.8

Total                                     325.9       364.2      348.9

ORDER STOCK
Consulting and Engineering                283.9       297.4      292.3
EPC                                        42.0        66.8       56.6

Total                                     325.9       364.2      348.9


NET SALES BY AREA
The Nordic countries                      111.0        64.4       92.8
Other Europe                              117.5       134.3      178.9
Asia                                       63.6        34.8       69.7
North America                              26.8        15.4       22.8
Other                                      38.6        28.8       31.2

Total                                     357.5       277.7      395.4


JAAKKO PÖYRY GROUP                                                    11

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

NET SALES
Forest Industry                          33.1    30.6    30.0    24.9
Forest Industry Consulting               10.0     9.6    10.0     9.3
Energy                                   22.6    30.9    33.7    29.7
Infrastructure & Environment             12.5    22.8    23.6    22.4
Other                                    -0.6     0.4    -0.1    -0.1

Total                                    77.6    94.3    97.2    86.2

OPERATING PROFIT
Forest Industry                           4.6     3.6     3.1     2.9
Forest Industry Consulting                0.3     0.2     0.0     0.3
Energy                                    1.7     1.3     2.1     1.5
Infrastructure & Environment              1.0     1.6     2.1     2.1
Associated companies                      0.3
Other                                    -0.2    -1.0    -0.8    -0.6

Total                                     7.7     5.7     6.5     6.2

ORDER STOCK
Forest Industry                          41.3    55.3    54.2    76.4
Forest Industry Consulting               25.8    23.1    22.4    19.8
Energy                                   73.7   173.5   178.6   176.1
Infrastructure & Environment             26.3    94.2    95.1    91.9

Total                                   167.1   346.1   350.3   364.2


 JAAKKO PÖYRY GROUP                                                    12

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

 NET SALES
 Forest Industry                         34.1    36.2     37.2    35.7
 Forest Industry Consulting              10.3    11.8     15.3    12.6
 Energy                                  45.4    40.4     48.3    45.2
 Infrastructure & Environment            28.5    25.9     23.0    24.9
 Other                                   -0.6     0.4      0.4     0.2

 Total                                  117.7   114.7    124.2   118.6

 OPERATING PROFIT
 Forest Industry                          3.9     3.7      1.9     2.9
 Forest Industry Consulting               1.0     0.5      2.9     1.2
 Energy                                   4.3     2.4      2.3     1.0
 Infrastructure & Environment             1.8     2.1      1.0     2.8
 Associated companies
 Other                                   -2.2    -1.6     -0.5     0.4

 Total                                    8.8     7.1      7.6     8.3

 ORDER STOCK
 Forest Industry                         70.5    76.7     70.7    66.0
 Forest Industry Consulting              21.2    23.2     22.2    25.1
 Energy                                 165.4   167.8    163.7   137.0
 Infrastructure & Environment            91.8    89.9     94.2    97.8

 Total                                  348.9   357.6    350.8   325.9