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STOCK EXCHANGE RELEASE 26 Feb 2002

NEW MEMBER PROPOSED TO BOARD OF DIRECTORS OF JAAKKO PÖYRY GROUP

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Notice
                           February 26, 2002 at 9.15 a.m.

NEW MEMBER PROPOSED TO BOARD OF DIRECTORS OF JAAKKO PÖYRY GROUP

It has come to the knowledge of Jaakko Pöyry Group Oyj that Mr.
Harri Piehl, M.Sc. Eng., (61) will be proposed as a new member of
the Board of Directors at the Annual General Meeting on Wednesday,
March 6, 2002. Shareholders owning at least 20 per cent of the
shares and voting rights of the company are in favour of the
proposal. The person in question has given his consent to the
nomination.

Since  1996 Harri Piehl has acted as President and Chairman  of  the
Board  of  Directors of JP Operations Management Ltd  Oy,  a  Jaakko
Pöyry   Group   company.  In  1991-1996  Harri  Piehl  was   Kymmene
Corporation's  Chief Executive Officer and member of  the  Board  of
Directors.

Niilo  Pellonmaa  (61) has announced that he will  resign  from  his
position  as  member of Jaakko Pöyry Group's Board of Directors.  He
has been a member of the Board of Directors since 1996.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Executive Vice President



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

www.poyry.com


DISTRIBUTION:
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