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STOCK EXCHANGE RELEASE 5 Aug 2002

JAAKKO PÖYRY GROUP OYJ: - SHARES SUBSCRIBED WITH WARRANTS

HELSINKI EXCHANGES                  TRADING NEWS PKV239/2002
Securities Trading                  5 August 2002

JAAKKO PÖYRY GROUP OYJ: - SHARES SUBSCRIBED WITH WARRANTS

A total of 117 090 Jaakko Pöyry Oy's shares have been
subscribed with the Jaakko Pöyry Oy's warrants attached
to the bond with warrants issued in 1998. The shares will
be traded on the Helsinki Exchanges as old shares as of 6
August 2002.

Identifiers of Jaakko Pöyry Oy's share as of
6 August 2002:

Trading code:                       JPG1V
ISIN code:                          FI0009006696
Number of shares:                   13 776 401