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STOCK EXCHANGE RELEASE 26 Apr 2002

SHARES SUBSCRIBED WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           April 26, 2002 at 3.45 p.m.

SHARES SUBSCRIBED WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

Pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of
1998, 35 750 new shares have been subscribed. Following these
subscriptions, the company's registered share capital will increase
by EUR 35 750 from EUR 13 623 561 to EUR 13 659 311 and the total
number of authorized shares will increase to 13 659 311. The
increase in share capital should be registered in the Trade Register
on May 6, 2002. The subscribed shares shall entitle to dividends for
the financial year 2002 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 May 7,
2002.

The subscription period for all warrants ends on April 30, 2005. A
total of 298 325 shares have been subscribed with the warrants on
April 26, 2002.

JAAKKO PÖYRY GROUP OYJ



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Executive Vice President


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

www.poyry.com


DISTRIBUTION:
Helsinki Exchanges
Major media