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STOCK EXCHANGE RELEASE 10 Nov 2003

JAAKKO PÖYRY GROUP OYJ: - SHARES SUBSCRIBED WITH WARRANTS

HEX HELSINKI     SECURITIES EXCHANGE  RELEASE 293/2003
                 SHARES               10 November 2003

JAAKKO PÖYRY GROUP OYJ: - SHARES SUBSCRIBED WITH WARRANTS

A total of 93 800 Jaakko Pöyry Oyj's shares have been
subscribed with the Jaakko Pöyry Oyj'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
11 November 2003.

Identifiers of Jaakko Pöyry Oyj's share:

Trading code:                        JPG1V
ISIN code:                           FI0009006696
Number of shares:                    13 930 551


HELSINKI EXCHANGES
Pekka Peiponen