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STOCK EXCHANGE RELEASE 7 Aug 2000

SHARES SUBSCRIBED WITH TRANCHE A WARRANTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ             Stock Exchange Notice
                                    August 7, 2000
                                    2 p.m.                    1(1)


SHARES SUBSCRIBED WITH TRANCHE A WARRANTS IN JAAKKO PÖYRY GROUP OYJ

On July 31, 2000 a total of 53 850 shares in Jaakko Pöyry Group Oyj
have been subscribed with the warrants attached to the Bond Loan
with Warrants issued 1998. The subscription price is, in accordance
with the Terms and Conditions of the Bond Loan with Warrants, EUR
10,82. The subscription period for the tranche A warrants began on
April 1, 2000.

As a result of the subscriptions, the share capital of Jaakko Pöyry
Group Oyj was increased by EUR 53 850. The share capital of Jaakko
Pöyry Group is now EUR 13 724 136 and the total number of shares is
13 724 136. The book-value equivalent of one share is EUR 1. The
corresponding increase was registered in the Finnish Trade Register
on August 7, 2000.

The holders of the shares are entitled to all shareholders' rights
from the registration date, i.e. August 7, 2000 and the shares will
be traded on the Helsinki Exchanges as old shares as of August 8,
2000.


JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                          Teuvo Salminen


For more information, please contact:
Kari Heliö, General Counsel, Jaakko Pöyry Group Oyj
tel: +358 9 8947 2443, +358 400 442 036

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media