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STOCK EXCHANGE RELEASE 2 Aug 2001

SHARES SUBSCRIBED WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           August 2, 2001 at 3.30 p.m.

SHARES SUBSCRIBED WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

Pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of
1998, 56 025 new shares have been subscribed. Following upon these
subscriptions the company's registered share capital will increase
by EUR 56 025 from EUR 13 876 536 to EUR 13 932 561 and the total
amount of authorized shares will rise to 13 932 561. The increase of
share capital should be registered in the Trade Register on August
10, 2001. The subscribed shares entitle to dividends for the
financial year 2001. They entitle to all other shareholders' rights
as of the registration date August 10, 2001. The new shares should
be available for public trading on the Helsinki Exchanges on August
13, 2001.

The subscription period for warrants ends on April 30, 2005. A total
of 262 275 shares have been subscribed based on the Bond Loan with
Warrants as of August 2, 2001.

JAAKKO PÖYRY GROUP OYJ


Erkki Pehu-Lehtonen                 Teuvo Salminen


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

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media