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STOCK EXCHANGE RELEASE 29 Mar 2004

JAAKKO PÖYRY GROUP OYJ'S SHARE CAPITAL REDUCED BY CANCELLATION OF OWN SHARES

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           March 29, 2004 at 11.45 a.m.

JAAKKO PÖYRY GROUP OYJ'S SHARE CAPITAL REDUCED BY CANCELLATION OF OWN
SHARES

Pursuant to the decision made by the Annual General Meeting of Jaakko
Pöyry Group Oyj on March 3, 2004, 162 700 own shares in the company's
possession have been cancelled. As a result of the cancellation the
registered share capital was decreased by EUR 162 700 from EUR
13 970 601 to EUR 13 807 901 and the total amount of authorized shares
decreased to 13 807 901. The reduction has been registered in the Trade
Register on March 25, 2004.

JAAKKO PÖYRY GROUP OYJ



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


Additional information by:
Anne Viitala, Group General Counsel, Jaakko Pöyry Group Oyj
Tel. +358 9 8947 2811

www.poyry.com

DISTRIBUTION:
Helsinki Exchanges
Major media