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STOCK EXCHANGE RELEASE 19 Oct 2001

JAAKKO PÖYRY GROUP EXPANDS FOREST INDUSTRY CONSULTING ACTIVITIES TO JAPAN

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           October 19, 2001 at 9.30 a.m.

JAAKKO PÖYRY GROUP EXPANDS FOREST INDUSTRY CONSULTING ACTIVITIES TO
JAPAN

Jaakko Pöyry Consulting, the Jaakko Pöyry Group's Forest Industry
Consulting business group, has expanded its operations by
establishing a branch office in Tokyo, Japan. The new office will
provide management consulting and investment banking services to the
forest industry cluster in Japan as well as to global clients
seeking to develop their business on the Japanese market. Corporate
Directions Inc. (CDI), Japan, will be the strategic alliance partner
of the Japan office.

The Japanese market is the third largest forest products market and
the largest net importer of forest products in the world. Jaakko
Pöyry Consulting's presence in Japan, coupled with the alliance with
CDI, will result in wider access and broader-based consulting
services to the Japanese forest sector market. Jaakko Pöyry
Consulting's forest industry consulting expertise and CDI's local
knowledge is a powerful combination giving support to the Forest
Industry Consulting business group's entire global network.

Corporate Directions, Inc. is a Japanese management consulting
company formed in 1986 by former Boston Consulting Senior Managers.
The services of Corporate Direction are based upon a rare
combination of knowledge about Japan's corporate environment,
indigenous management techniques as well as Western consulting
practices, and result in an effective synthesis of business plans
from these diverse elements.

Jaakko Pöyry Consulting is one of the world's leading advisors to
the forest products industry cluster. The business group focuses on
identifying, analysing and implementing creative business solutions
to enhance stakeholder value and create winning solutions for
companies in the industry. Jaakko Pöyry Consulting employs
approximately 300 experts in 14 countries around the world.

JAAKKO PÖYRY GROUP OYJ


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

Additional information by:
David Walker, President and COO, Jaakko Pöyry Consulting
Tel. +65 733 3331
Fax +65 734 6198
E-mail:david.walker@poyry.com.sg

www.poyry.com

DISTRIBUTION:
Helsinki Exchanges
Major media