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STOCK EXCHANGE RELEASE 11 May 1999

ODIN FÖRVALTNING AS SHAREHOLDINGS IN JAAKKO PÖYRY GROUP

Jaakko Pöyry Group Oyj has been informed on 7 May, 1999 that funds managed by ODIN Förvaltning AS hold together 1,346,000 shares in Jaakko Pöyry Group Oyj which represents 9.82% of the share capital and the total votes.

If the number of the company's own shares (597,200) acquired by Jaakko Pöyry Group Oyj is deducted from the total number of shares, ODIN Förvaltning AS´s holding is 10.27%.

If the bond loan with warrants, which carry subscription rights for a maximum of 1.3 million of shares to all employees in Jaakko Pöyry Group, is included to the total number of shares, ODIN Förvaltning AS´s holding is 8.97%.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen

Teuvo Salminen

Additional information by:

Mr. Kari Heliö, General Counsel Jaakko Pöyry Group Oyj

tel: + 358 9 8947 2443, + 358 400 442 036

Distribution:

Helsinki Stock Exchange

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