Pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of 1998, 36 500 new shares have been subscribed. Following these subscriptions, the company's registered share capital will increase by EUR 36 500 from EUR 13 800 251 to EUR 13 836 751 and the total number of authorized shares will increase to 13 836 751. The increase in share capital should be registered in the Trade Register on August 11, 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 August 12, 2003.
The subscription period for all warrants ends on April 30, 2005. A total of 475 765 shares have been subscribed with the warrants on July 30, 2003.
JAAKKO PÖYRY GROUP OYJ
Erkki Pehu-Lehtonen
President and CEO
Teuvo Salminen
Deputy to President and CEO