Pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of 1998, 36 350 new shares have been subscribed. Following these subscriptions, the company's registered share capital will increase by EUR 36 350 from EUR 13 930 551 to EUR 13 966 901 and the total number of authorized shares will increase to 13 966 901. The increase in share capital should be registered in the Trade Register on December 19, 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 December 22, 2003.
The subscription period for all warrants ends on April 30, 2005. A total of 605 915 shares have been subscribed with the warrants on December 10, 2003.
JAAKKO PÖYRY GROUP OYJ
Erkki Pehu-Lehtonen
President and CEO
Teuvo Salminen
Deputy to President and CEO