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STOCK EXCHANGE RELEASE 3 Feb 2005

JP MANAGEMENT CONSULTING OY AND JAAKKO PÖYRY CONSULTING OY WILL MERGE

JAAKKO PÖYRY GROUP OYJ    Stock Exchange Notice
                          February 3, 2005 at 8.45 a.m.

JP MANAGEMENT CONSULTING OY AND JAAKKO PÖYRY CONSULTING OY WILL MERGE
INTO JAAKKO PÖYRY GROUP OYJ

The Board of Directors of Jaakko Pöyry Group Oyj has yesterday approved
a merger plan according to which Jaakko Pöyry Consulting Oy, a company
belonging to Jaakko Pöyry Group, merges into Jaakko Pöyry Group Oyj by
an absorption merger. The Board of Directors of Jaakko Pöyry Consulting
Oy has approved the merger plan for their part. The shareholders of both
companies will decide on the merger in the Annual General Meetings to be
held on February 18, 2005 and March 3, 2005.

Prior to the enforcement of the above-mentioned merger, the subsidiary
of Jaakko Pöyry Consulting Oy, JP Management Consulting Oy (a company
also belonging to Jaakko Pöyry Group), will merge into Jaakko Pöyry
Consulting Oy by an absorption merger. The Boards of Directors of Jaakko
Pöyry Consulting Oy and JP Management Consulting Oy have approved the
merger plan on January 28, 2005. The shareholders of both companies will
decide on the merger in the Annual General Meetings to be held on
February 18, 2005.

The purpose of the mergers is to clarify the group structure of Jaakko
Pöyry Group and to simplify administration. The mergers are estimated to
take effect on August 24, 2005 and August 31, 2005.

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:
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