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STOCK EXCHANGE RELEASE 28 Apr 2003

JAAKKO PÖYRY GROUP OYJ RESHAPES ITS ORGANISATIONAL STRUCTURE

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           April 28, 2003 at 9.00 a.m.         1(2)

JAAKKO PÖYRY GROUP OYJ RESHAPES ITS ORGANISATIONAL STRUCTURE

Jaakko Pöyry Group Oyj reshapes its organisational structure by
integrating the forest industry consulting and engineering businesses
into one forest industry business group. The new structure becomes
effective as of May 1, 2003. Following the integration the Jaakko Pöyry
Group consists of three business groups: Forest Industry, Energy, and
Infrastructure & Environment. Each business group offers a full range of
consulting, investment planning and implementation as well as
maintenance planning and operations improvement services to its clients
in the entire life-cycle of their business. The target of the new
structure is also to streamline overlapping operations and to improve
the efficiency of business operations.

Jukka Nyrölä, Executive Vice President of the Jaakko Pöyry Group, has
been appointed Business Group Director of the Forest Industry business
group as of May 1, 2003. Rainer Häggblom continues as Chairman of the
Board of Directors and David Walker as President and COO of Jaakko Pöyry
Consulting Oy. John Lindahl, M.Sc. (Paper Technology), has as of May 1,
2003 been appointed President of Jaakko Pöyry Oy, which focuses on
investment projects. Kari Kalliala, Jaakko Pöyry Oy's current President,
has announced that he will resign as of July 1, 2003.

As of May 1, 2003 Jaakko Pöyry Group Oyj's Executive Committee will be
composed of Erkki Pehu-Lehtonen, President and CEO; Teuvo Salminen,
Deputy to President and CEO; Jukka Nyrölä, Executive Vice President and
Forest Industry Business Group Director; Richard Pinnock, Energy
Business Group Director; Risto Laukkanen, Infrastructure & Environment
Business Group Director; Lars Rautamo, CFO; and Anne Viitala, Group
General Counsel.

The Jaakko Pöyry Group is a client- and technology -oriented, globally
operating consulting and engineering firm. It has three core areas of
expertise: forest industry, energy, and infrastructure & environment.
The Group had net sales of EUR 407 million in 2002 and it employs 4650
experts in 35 countries. The Forest Industry business group is the
world's leading forest industry consulting and engineering company. It
had net sales of EUR 175 million in 2002 and employs 2150 experts
worldwide.

JAAKKO PÖYRY GROUP OYJ



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Deputy to President and CEO

Additional information by:
Erkki Pehu-Lehtonen, President and CEO, Jaakko Pöyry Group Oyj
Tel. +358 9 8947 2999, +358 400 468 084

www.poyry.com

                                                               2(2)

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