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STOCK EXCHANGE RELEASE 21 May 2001

JAAKKO PÖYRY GROUP ACQUIRES REMAINING SHARES IN RIGEL KONSULT I GÄVLE AB

JAAKKO PÖYRY GROUP OYJ    Stock Exchange Notice
                           May 21, 2001 at 11.00 a.m.          1(1)

JAAKKO PÖYRY GROUP ACQUIRES REMAINING SHARES IN RIGEL KONSULT I
GÄVLE AB

Jaakko Pöyry AB, which is part of the Jaakko Pöyry Group's Forest
Industry business group, and the joint share owner Henry Mickels
have reached an agreement according to which the forest industry
engineering company Rigel Konsult i Gävle AB will become a wholly
owned subsidiary of Jaakko Pöyry AB. According to the agreement, Mr.
Mickels will sell his 49 % shareholding to Jaakko Pöyry AB.

Since the purchase of the majority shareholding, Rigel Konsult has
been integrated into Jaakko Pöyry AB, serving as a regional office
in Gävle. In addition, Jaakko Pöyry AB has nine regional offices, of
which the biggest are situated in Stockholm, Karlstad, Timrå and
Luleå.

The acquisition of the remaining shares in Rigel Konsult i Gävle AB
is part of the Jaakko Pöyry Group's strategy to expand its Forest
Industry business group's local office network around the world.
Rigel Konsult is a well-established forest industry engineering
firm. The company had net sales of EUR 3.4 million in 2000 and it
employs about 50 people.

JAAKKO PÖYRY GROUP OYJ



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


For additional information please contact:
Pekka Eskelinen, President, Jaakko Pöyry AB
Tel. +46 8 7314 500, +46 70 3520 776
Tapio Aalto, President, JP-Engineering Oy
Tel. +358 9 8947 3401, +358 400 432 868

www.poyry.com



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