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STOCK EXCHANGE RELEASE 25 Apr 2003

SHARES SUBSCRIBED WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

JAAKKO PÖYRY GROUP OYJ     Stock Exchange Announcement
                           April 25, 2003 at 4.30 p.m.

SHARES SUBSCRIBED WITH WARRANTS IN JAAKKO PÖYRY GROUP OYJ

Pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of 1998,
8650 new shares have been subscribed. Following these subscriptions, the
company's registered share capital will increase by EUR 8650 from EUR
13 791 601 to EUR 13 800 251 and the total number of authorized shares
will increase to 13 800 251. The increase in share capital should be
registered in the Trade Register on May 5, 2003. The subscribed shares
shall entitle to dividends for the financial year 2003 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 6, 2003.

The subscription period for all warrants ends on April 30, 2005. A total
of 439 265 shares have been subscribed with the warrants on April 25,
2003.

JAAKKO PÖYRY GROUP OYJ



Erkki Pehu-Lehtonen                 Teuvo Salminen
President and CEO                   Deputy to President and CEO


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