Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Rectangle 212 + Rectangle 212 + Rectangle 212 Created with Sketch. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Twitter Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta.

STOCK EXCHANGE RELEASE 2 Nov 2001

INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2001

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           November 2, 2001, 08:30             1(12)

INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2001

Jaakko Pöyry Group's earnings per share were on the same level as
last year.

-  Net sales were EUR 321.1 million (EUR 357.5 million in the same
   period 2000).
-  Operating profit was EUR 19.7 (23.0) million.
-  Profit after financial items was EUR 18.2 (21.3) million.
-  The Group's profit for the period under review was EUR 12.8
   (12.3) million.
-  Earnings per share were EUR 0.92 (0.90).
-  Return on investment was 19.5 (23.1) per cent.

Net sales increased in the Forest Industry and Infrastructure &
Environment business groups and the operating profit increased in
the Forest Industry business group. The operating profit of the
Forest Industry Consulting business group does not include any major
fees from mergers & acquisitions activities. In 2000 the most
notable fees from mergers & acquisitions activities materialized
especially during the second quarter and partly during the third
quarter of the year.

A decision to close down the alcohol plant contracting business,
which is a part of the Energy business group, has been made and
hence a EUR 6 million expense burdens the result of the Energy
business group.

The surplus refunded by the Swedish Staff Pension Society, SPP,
which was confirmed during the year 2000 but not taken into account
in the operating profit for last year, was booked during the period
under review. The refund, totalling EUR 4.9 million, is included on
the line "other" in the key figure specification by business group.
A refund of EUR 1.3 million was included in the third quarter of the
year 2000.

The Group's liquidity remained good during the period under review.
At the end of September, cash in hand and at banks amounted to EUR
33.0 million, and interest-bearing debts to EUR 34.8 million; hence
interest-bearing net debts amounted to EUR 1.8 million. The net
debt/equity ratio (gearing) was 1.7 (5.2) per cent.

Business groups

Forest Industry

Net sales for the period under review were EUR 112.2 (109.1)
million. Operating profit amounted to EUR 14.1 (8.5) million.
Profitability was good. The order stock amounted to EUR 76.7 (71.8
at the end of 2000) million.



                                                               2(12)

Forest Industry Consulting

Net sales for the period under review were EUR 35.0 (39.7) million.
Operating profit was EUR 0.5 (4.6) million. The order stock amounted
to EUR 20.4 (25.6) million.

The weakening economic growth has resulted in reduced demand for
consulting services, affecting the business group's result. A
programme to improve the business group's internal processes and
efficiency was started at the beginning of the year 2001. No major
consultancy fees from mergers & acquisitions activities were booked
during the period under review.

Energy

Net sales for the period under review were EUR 95.1 (133.9) million.
Operating profit was EUR -2.3 (5.7) million. The order stock
amounted to EUR 93.4 (111.6) million.

The decrease in net sales was primarily due to the reduced volume of
the turn-key projects business. A decision to discontinue the loss-
making alcohol plant contracting business has been made. This
business generated net sales of about EUR 31 million in the year
2000. The Group's aim is to improve its relative profitability and
to raise its operating profit to more than eight per cent of net
sales. Because of the nature of the contracting business its
profitability is lower than that of consulting and engineering
projects. To cover the expenses of discontinuing the alcohol plant
contracting business, the business group has booked an expense of
EUR 6 million.

Decisions on new energy investments have been postponed due to the
weakening economic growth and the uncertainty of the energy market
development. This has had an impact on the capacity utilization rate
and operating profit of the business group. The business group's
capacity has been adjusted to correspond to the demand.

Infrastructure & Environment

Net sales for the period under review were EUR 77.8 (73.8) million.
Operating profit was EUR 4.5 (5.9) million. The profitability fell
short of set targets. The order stock was EUR 96.6 (96.5) million.

The target set for the telecommunications business, which is part of
the Infrastructure & Environment business group, is to double the
sales volume to EUR 20 million in 2001. Investments in third-
generation telecommunications networks in Europe have been postponed
by 6 to 12 months. For this reason, the planned doubling of the
sales volume will not be achieved in 2001. Because the volume growth
target is primarily based on realignment and training of the Group's
current project implementation resources, the failure to reach the
planned growth target will not weaken the business group's result
for 2001.

                                                               3(12)

Group structure

Efforts to further develop the Group's structure and business
operations have continued during the current year. Jaakko Pöyry AB,
Sweden, which is a part of the Forest Industry business group, has
acquired the remaining shareholding, 49 per cent, of Rigel Konsult i
Gävle AB. In response to the globalisation of the forest products
industry, the local office network of the Forest Industry business
group will be expanded in North America and Western Europe. There
are also plans to expand the operations of the Energy and the
Infrastructure & Environment business groups.

Order stock

The Group's order stock is in general still healthy, totalling EUR
287.1 million at the end of September, compared with EUR 305.5
million at the end of the year 2000. The order stock for consulting
and engineering work declined by EUR 12.8 million and the order
stock for turn-key projects by EUR 5.6 million during the period
under review.

Capital expenditure

The Group's capital expenditure for the period under review totalled
EUR 5.4 (8.9) million. The capital expenditure consisted mostly of
costs related to computer software, systems and hardware.

Share capital and shares

The total number of shares at the end of the year 2000 was
13 724 136. A total of 208 425 new shares were subscribed during the
review period based on warrants pursuant to the bond loan with
warrants of 1998. In addition, 300 new shares were subscribed in
October 2001. Following these subscriptions, the number of shares
totals 13 932 861.

The bond loan with warrants issued in 1998 to all Jaakko Pöyry Group
employees carries subscription rights for a total of 1.3 million of
the company's shares, with the subscription period beginning partly
(390 000 shares) on April 1, 2000, partly (390 000 shares) on April
1, 2001, and partly on April 1, 2002 (520 000 shares). The
subscription period ends for all warrants on April 30, 2005. A total
of 262 575 shares have been subscribed based on the warrants.

The Annual General Meeting on March 8, 2001 authorised the Board of
Directors to decide on an increase of share capital by a new issue
and/or by taking a convertible loan and/or by issuing option rights,
so that based on the new issue, the convertible bonds and option
rights, the share capital can be increased 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, 2002.

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
                                                               4(12)

cent of the company's share capital. The Board of Directors decided
on March 8, 2001 to exercise the authorisations. The authorisations
are in force until March 8, 2002. During the period under review the
company has required 24 900 own shares and after the period 61 600
own shares, totally 86 500 own shares. The average acquisition price
per share was 15.80 EUR.

The company's shares are quoted on the Helsinki Exchanges. The
average trading price during the period under review was EUR 19.12,
with a high of EUR 21.00 and a low of EUR 15.50. A total of 1.6
million of the company's shares (equalling 11.3 per cent of the
total number of shares) were traded, corresponding to a turnover of
EUR 29.8 million.

The Annual General Meeting approved the Board of Directors' proposal
that a dividend of EUR 0.60 be paid per share for the year 2000 (EUR
0.45 for the year 1999), totalling EUR 8.2 million. The dividends
were paid on March 20, 2001.

Prospects

The global economic outlook has weakened considerably, especially
during the autumn. The decline in economic activity affects the
Jaakko Pöyry Group's operations especially in North America, where
investment demand has declined most rapidly. North America will
account for about 5 per cent of the Jaakko Pöyry Group's net sales
in 2001. Investment decisions have also been postponed in emerging
markets during 2001. This is due in particular to the more cautious
approach in financial markets to funding of projects in these
regions. In Europe, the Jaakko Pöyry Group's main market area,
economic activity has remained reasonably healthy, with no major
decline in investment demand.

The Forest Industry business group's earnings for the first three
quarters of the year were good and the order stock remains healthy.
The business group's earnings will improve clearly compared with
last year. The earnings of the Forest Industry Consulting business
group in the final months of the year will depend particularly
strongly on investment banking commissions and their phasing. The
completion of some investment banking assignments may be postponed
until 2002. The Energy business group's earnings will fall clearly
short of last year's because of the discontinuation of the alcohol
plant contracting business and the postponement of some projects in
emerging markets. The earnings of the Infrastructure & Environment
business group will be slightly weaker than last year's due to
somewhat reduced investment demand.

The Jaakko Pöyry Group's order stock is in general still healthy,
providing a good basis for the rest of the year. The Group has also
retained its strong market position. Taking into account the
prospects for the business groups, the order stock and the earnings
development in the first three quarters of the year, as described in
the foregoing, the Jaakko Pöyry Group's profit after financial items

                                                               5(12)

is estimated at EUR 26-30 million for the year 2001. Earnings per
share are estimated at EUR 1.25-1.45.



Vantaa, November 1, 2001

JAAKKO PÖYRY GROUP OYJ
Board of Directors



JAAKKO PÖYRY GROUP OYJ



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Executive Vice President


Additional information by:

Erkki Pehu-Lehtonen, President and CEO, Jaakko Pöyry Group Oyj,

tel. +358 9 8947 2999, +358 400 468 084
Teuvo Salminen, Executive Vice President, Jaakko Pöyry Group Oyj,
tel. +358 9 8947 2872, +358 400 420 285
Satu Lyytinen, Investor Relations, Jaakko Pöyry Group Oyj,
tel. +358 9 8947 3002, +358 40 526 3388

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media

JAAKKO PÖYRY GROUP                                                  6(12)


Consolidated statement of income      1-9/2001     1-9/2000   1-12/2000
(EUR million)


NET SALES                                321.1        357.5       474.5

Other operating income                     1.9          1.3         2.2

Share of associated companies'             0.2         -0.3        -0.1
results

Operating expenses                      -313.3       -325.7      -431.7

Depreciation and value decrease            9.8         -9.8       -13.1

OPERATING PROFIT                          19.7         23.0        31.8
Proportion of net sales, %                 6.1          6.4         6.7

Financial income and expenses             -1.5         -1.7        -1.7

PROFIT AFTER FINANCIAL ITEMS              18.2         21.3        30.1
Proportion of net sales, %                 5.7          6.0         6.4

Extraordinary items                        0.0          0.0         0.0

PROFIT BEFORE APPROPRIATIONS,
TAXES AND MINORITY INTEREST               18.2         21.3        30.1

Income taxes                              -5.0         -7.2        -9.0

Minority interest                         -0.4         -1.8        -1.9

NET PROFIT FOR THE PERIOD                 12.8         12.3        19.2



JAAKKO PÖYRY GROUP                                                7(12)

                                  September 30, September 30, December 31,
Consolidated balance sheet                2001         2000        2000
(EUR million)

ASSETS

FIXED ASSETS

Consolidation goodwill                    32.9         36.5        35.8
Intangible and tangible assets            37.4         39.5        39.3
Non-current investments                   13.5         13.3        13.4

CURRENT ASSETS

Receivables                              170.9        184.6       184.3
Investments, cash in hand and at          33.0         45.4        37.5
banks

                                          287.7        319.3       310.3

SHAREHOLDERS' EQUITY AND LIABILITIES

SHAREHOLDERS' EQUITY                     103.7         88.8        97.4

MINORITY INTEREST                          5.1          6.2         5.2

LIABILITIES *)

Non-current liabilities                   28.3         31.2        22.4
Current liabilities                      150.6        193.1       185.3

                                         287.7        319.3       310.3

*) Interest bearing liabilities           34.8         50.3        34.9
   Non-interest bearing                  144.1        174.0       172.8
   liabilities

JAAKKO PÖYRY GROUP                                                8(12)

                                  September 30, September 30, December 31,
Contingent liabilities                    2001         2000        2000
(EUR million)

Pledged assets and mortgages for own debt
Pledged assets                             0.0          2.3         2.3
Mortgages, real estate                     0.0          1.2         1.1
Mortgages on company assets                0.4          6.1         6.1

Other obligations
Pledged assets                             2.6          2.5         2.6
Mortgages, real estate                     1.4          1.4         1.4
Rent and leasing obligations              55.9         65.9        63.5
Pension obligations                        0.4          0.4         0.4
Other obligations                         36.1         32.0        28.7

For others
Pledged assets                             0.1          2.5         2.5
Mortgages, real estate                     3.8          3.8         3.8

Derivative Instruments

Foreign exchange forward                   9.2         18.0        15.3
contracts, notional values
Currency options, bought                   5.0                     10.0
Currency options, sold                    10.0                     15.0


JAAKKO PÖYRY GROUP                                                9(12)

Key figures                           1-9/2001     1-9/2000   1-12/2000

Earnings / share, EUR                     0.92         0.90        1.40
Corrected with dilution                   0.85         0.84        1.28
effect

Shareholders' equity / share,             7.48         6.47        7.10
EUR

Return on investment, % p.a.              19.5         23.1        25.1

Return on equity, % p.a.                  16.7         20.7        22.3

Equity ratio, %                           46.8         37.7        42.2

Equity / Assets ratio, %                  37.8         29.7        33.3

Net debt / Equity ratio                    1.7          5.2        -2.5
(gearing), %

Consulting and engineering, EUR          265.9        283.9       278.7
million
EPC, EUR million                          21.2         42.0        26.8
Order stock total, EUR million           287.1        325.9       305.5

Capital expenditure, operating,            5.3          7.9         9.9
EUR million
Capital expenditure in shares,             0.1          1.0         2.5
EUR million

Personnel in group companies in          4 583        4 543       4 558
average
Personnel in group companies at          4 557        4 582       4 572
the end of the period
Personnel in associated                    204          187         174
companies at the end of the
period



JAAKKO PÖYRY GROUP                                               10(12)


Key figures for the business            1-9/01       1-9/00   1-12/2000
groups
(EUR million)

NET SALES
Forest Industry                          112.2        109.1       140.8
Forest Industry Consulting                35.0         39.7        53.0
Energy                                    95.1        133.9       180.9
Infrastructure & Environment              77.8         73.8       102.7
Other                                      1.0          1.0        -2.9
Total                                    321.1        357.5       474.5

OPERATING PROFIT
Forest Industry                           14.1          8.5        12.7
Forest Industry Consulting                 0.5          4.6         4.8
Energy                                    -2.3          5.7         8.1
Infrastructure & Environment               4.5          5.9         8.6
Other                                      2.9         -1.7        -2.4

OPERATING PROFIT TOTAL                    19.7         23.0        31.8

Financial items                           -1.5         -1.7        -1.7

PROFIT AFTER FINANCIAL ITEMS              18.2         21.3        30.1

ORDER STOCK
Forest Industry                           76.7         66.0        71.8
Forest Industry Consulting                20.4         25.1        25.6
Energy                                    93.4        137.0       111.6
Infrastructure & Environment              96.6         97.8        96.5
Total                                    287.1        325.9       305.5
Consulting and engineering               265.9        283.9       278.7
EPC                                       21.2         42.0        26.8
Total                                    287.1        325.9       305.5

NET SALES BY AREA
The Nordic countries                     104.2        111.0       149.0
Other Europe                             115.1        117.5       177.7
Asia                                      49.1         63.6        86.8
North America                             21.8         26.8        26.9
South America                             19.7         13.1        20.0
Other                                     11.2         25.5        14.1
Total                                    321.1        357.5       474.5


JAAKKO PÖYRY GROUP                                               11(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
Other                                    -2.2     -1.6    -0.5      0.4


OPERATING PROFIT TOTAL                    8.8      7.1     7.6      8.3

Financial items                          -0.8     -0.7    -0.7     -0.3

PROFIT AFTER FINANCIAL ITEMS              8.0      6.4     6.9      8.0

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

Consulting and engineering              292.3    295.7   284.6    283.9
EPC                                      56.6     61.9    66.2     42.0

Total                                   348.9    357.6   350.8    325.9



JAAKKO PÖYRY GROUP                                               12(12)


Key figures for the business groups    10-12/00  1-3/01 4-6/01   7-9/01
(EUR million)

NET SALES

Forest Industry                            31.7    40.0   38.9     33.3
Forest Industry Consulting                 13.3    12.1   11.7     11.2
Energy                                     47.0    34.1   33.0     28.0
Infrastructure & Environment               28.9    26.9   26.3     24.6
Other                                      -3.9     0.0    0.0      1.0

Total                                     117.0   113.1  109.9     98.1

OPERATING PROFIT

Forest Industry                             4.2     5.1    4.7      4.3
Forest Industry Consulting                  0.2     0.2    0.4     -0.1
Energy                                      2.4    -4.4    0.6      1.5
Infrastructure & Environment                2.7     2.1    1.4      1.0
Other                                      -0.7     4.5   -0.6     -1.0


OPERATING PROFIT TOTAL                      8.8     7.5    6.5      5.7

Financial items                             0.0    -0.6   -0.4     -0.5

PROFIT AFTER FINANCIAL ITEMS                8.8     6.9    6.1      5.2

ORDER STOCK

Forest Industry                            71.8    93.5   82.2     76.7
Forest Industry Consulting                 25.6    22.8   23.0     20.4
Energy                                    111.6    90.3   91.2     93.4
Infrastructure & Environment               96.5    95.5   96.2     96.6

Total                                     305.5   302.1  292.6    287.1

Consulting and engineering                278.7   278.6  272.6    265.9
EPC                                        26.8    23.5   20.0     21.2

Total                                     305.5   302.1  292.6    287.1