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STOCK EXCHANGE RELEASE 18 May 2004

NOTICE PURSUANT TO FINNISH SECURITIES MARKETS ACT 2:10; I.G. INTERNATIONAL MANAGEMENT LIMITED'S SHAREHOLDINGS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           May 18, 2004 at 2.45 p.m.

NOTICE PURSUANT TO FINNISH SECURITIES MARKETS ACT 2:10; I.G.
INTERNATIONAL MANAGEMENT LIMITED'S SHAREHOLDINGS IN JAAKKO PÖYRY GROUP
OYJ

Jaakko Pöyry Group Oyj has been informed on May 18, 2004 that as a
result of transactions concluded on May 5, 2004 the total holdings of
funds under the management of I.G. International Management Limited have
increased to above 1/20 of the share capital and voting rights in Jaakko
Pöyry Group Oyj.

The holdings of funds under the management of I.G. International
Management Limited, Brooklawn House, Shelbourne Road, Ballsbridge,
Dublin 4, Ireland amount to 935 839 shares, i.e. 6.75 per cent of the
voting rights in Jaakko Pöyry Group Oyj.

The registered share capital of Jaakko Pöyry Group Oyj comprises a total
of 13 858 601 shares entitling to a total of 13 858 601 votes.

JAAKKO PÖYRY GROUP OYJ


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


Additional information by:
Erkki Pehu-Lehtonen, President and CEO, Jaakko Pöyry Group Oyj
Tel. +358 9 8947 2999, +358 40 468 084

www.poyry.com

DISTRIBUTION:
Helsinki Exchanges
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