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STOCK EXCHANGE RELEASE 9 May 2001

SHARES SUBSCRIBED WITH WARRANTS: JAAKKO PÖYRY GROUP OYJ

HELSINKI EXCHANGES                  TRADING NEWS PKV163/2001
Equity Trading                      9 May 2001

SHARES SUBSCRIBED WITH WARRANTS: JAAKKO PÖYRY GROUP OYJ

A total of 132 150 Jaakko Pöyry Group Oyj´s shares have
been subscribed with the Jaakko Pöyry Group Oyj's A and B
warrants attached to the bond with warrants issued in
1998. The shares will be traded on the Helsinki Exchanges
as old shares as of 10 May 2001.
The increase in the share capital has been entered into
the Trade Register 9 May 2001.

Identifiers of Jaakko Pöyry Oyj's share as of
10 May 2001:


Trading code:                       JPG1V
ISIN code:                          FI0009006696
Number of shares:                   13 876 536