Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Rectangle 212 + Rectangle 212 + Rectangle 212 Created with Sketch. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Twitter Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta.

STOCK EXCHANGE RELEASE 8 Dec 2003

JAAKKO PÖYRY GROUP SELLS ITS REAL ESTATE IN BRAZIL

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           December 8, 2003 at 1.30 p.m.

JAAKKO PÖYRY GROUP SELLS ITS REAL ESTATE IN BRAZIL

In a deal concluded on December 5, 2003, a subsidiary of Jaakko Pöyry
Group Oyj has sold its real estate company, which is the owner of an
office building and related real estate in Sao Paulo, Brazil.

The selling price is USD 6.2 million, equalling about EUR 5.2 million.
The price will be settled in stages, the last instalment falling due in
May 2006.

The sale will have no effect on the Jaakko Pöyry Group's result.

JAAKKO PÖYRY GROUP OYJ


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


Additional information by:
Anne Viitala, Group General Councel, Jaakko Pöyry Group Oyj
Tel. +358 9 8947 2811, +358 40 511 6151
Maris Tamsons, President, Jaakko Pöyry Tecnologia Ltda., Brazil
Tel. +55 11 3472 6359

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media