Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Rectangle 212 + Rectangle 212 + Rectangle 212 Created with Sketch. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta. Twitter Created with Sketch Beta. Slice 1 Created with Sketch Beta. Slice 1 Created with Sketch Beta.

STOCK EXCHANGE RELEASE 1 Nov 2001

SHARES SUBSCRIBED WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           November 1, 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, 300 new shares have been subscribed. Following these
subscriptions, the company's registered share capital will increase
by EUR 300 from EUR 13 932 561 to EUR 13 932 861 and the total
number of authorized shares will rise to 13 932 861. The increase in
share capital should be registered in the Trade Register on November
9, 2001. The subscribed shares shall entitle to dividends for the
financial year 2001 and to all other shareholders' rights as of the
registration in the Trade Register. The new shares should be
available for public trading on the Helsinki Exchanges on November
12, 2001.

The subscription period for all warrants ends on April 30, 2005. A
total of 262 575 shares have been subscribed with the warrants on
November 1, 2001.

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:
Helsinki Exchanges
Major media