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STOCK EXCHANGE RELEASE 16 May 2003

JAAKKO PÖYRY GROUP OYJ PURCHASE OF OWN SHARES

JAAKKO PÖYRY GROUP OYJ	Stock Exchange Announcement
May 16, 2003

JAAKKO PÖYRY GROUP OYJ PURCHASE OF OWN SHARES

Trade date:			May 16, 2003
Bourse trade:			Buy

Share:				JPG1V
Amount:				 2500    shares
Average price/share:		14,75    EUR
Highest price/share:		14,75    EUR
Lowest price/share:		14,75    EUR
Total cost:			36875	 EUR

After today's purchases Jaakko Pöyry Group Oyj holds shares as follows: 112.600 shares

On behalf of JAAKKO PÖYRY GROUP OYJ

eQ Bank Ltd
Suvi Raukko