Acquisition in Austria and Czech Republic concluded


The transaction between Jaakko Pöyry Group Oyj and Verbund AG by which Verbundplan GmbH (74.9 per cent of the shares), Verbundplan Prüf- und Messtechnik GbmH (97.25 per cent) and AQUATIS a.s. (95.19 per cent) are transferred into Jaakko Pöyry Group Oyj's ownership, has been approved yesterday, May 27, 2004.

Jaakko Pöyry Group Oyj has published releases concerning the acquisition on December 2, 2003 and April 15, 2004. These releases include more detailed information on the business of the acquired companies and their consolidation into the Jaakko Pöyry Group.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen
President and CEO

Teuvo Salminen
Deputy to President and CEO