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STOCK EXCHANGE RELEASE 31 Aug 2005

JAAKKO PÖYRY CONSULTING OY AND JP MANAGEMENT CONSULTING OY MERGED INTO JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           August 31, 2005 at 10.00 a.m.

JAAKKO PÖYRY CONSULTING OY AND JP MANAGEMENT CONSULTING OY MERGED INTO
JAAKKO PÖYRY GROUP OYJ

The merger of Jaakko Pöyry Consulting Oy into its parent company Jaakko
Pöyry Group Oyj has been registered with the Trade Register on August
31, 2005. The purpose of the merger was to clarify the group structure
of the Jaakko Pöyry Group and to simplify administration.

The shareholders of Jaakko Pöyry Consulting Oy and Jaakko Pöyry Group
Oyj approved the merger plan in their Annual General Meetings held on
February 18, 2005 and March 3, 2005, respectively. In accordance with
the merger plan Jaakko Pöyry Consulting Oy merged into Jaakko Pöyry
Group Oyj with all its assets and liabilities. Before the merger became
effective Jaakko Pöyry Consulting Oy's subsidiary JP Management
Consulting Oy was merged into Jaakko Pöyry Consulting Oy. The merger was
registered with the Trade Register on August 24, 2005.

The shareholders of Jaakko Pöyry Consulting Oy were disbursed a merger
consideration in new shares issued by Jaakko Pöyry Group Oyj. Following
the issuance of the new shares, the registered share capital of the
company increased by EUR 47 735 from EUR 14 497 301 to EUR 14 545 036
and the total number of authorised shares increased to 14 545 036. The
new shares will be available for public trading on the main list of the
Helsinki Stock Exchange on September 1, 2005.

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
Jaakko Pöyry Group Oyj's Stock Exchange Notice February 3, 2005

www.poyry.com

DISTRIBUTION:
Helsinki Stock Exchange
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