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STOCK EXCHANGE RELEASE 28 Jan 2002

JAAKKO PÖYRY GROUP FOCUSES ITS FOREST INDUSTRY CONSULTING BUSINESS AND DIVESTS JP DEVELOPMENT OY

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           January 28, 2002 at 11.15 a.m.

JAAKKO PÖYRY GROUP FOCUSES ITS FOREST INDUSTRY CONSULTING BUSINESS
AND DIVESTS JP DEVELOPMENT OY

Jaakko Pöyry Consulting Oy, the parent company of the Jaakko Pöyry
Group's Forest Industry Consulting business group, has sold 75 per
cent of its 90 per cent-owned subsidiary JP Development Oy to
Helsinki Consulting Group Oy. JP Development, in which Jaakko Pöyry
Consulting will continue to hold a 15 per cent stake, will become a
subsidiary of Helsinki Consulting Group.

JP Development Oy specialises in forest sector projects in
developing countries primarily financed through bilateral and
multilateral development aid, operating through offices in Helsinki,
and Auckland, New Zealand.

The divestment of the controlling interest in JP Development is part
of the on-going rationalisation of Jaakko Pöyry Consulting to focus
exclusively on leading-edge research, strategic consulting,
operations consulting and investment banking for the global forest
products industry value chain.

JP Development Oy's net sales for 2001 amounted to EUR 7 million,
and there was a slight operating loss. The deal does not have any
effect on the Jaakko Pöyry Group's balance sheet.

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
Rainer Häggblom, Chairman, Jaakko Pöyry Consulting Oy
tel. +358 9 8947 2610

www.poyry.com



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