The 354 100 shares subscribed with warrants between February 25 and April 21, 2005 pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of 1998, have been registered in the Trade Register. As a result of the subscriptions, the registered share capital of the company increased by EUR 354 100 from EUR 14 116 251 to EUR 14 470 351 and the total amount of authorised shares increased to 14 470 351. The new shares will be joined to the old shares and will be available for public trading on the main list of the Helsinki Exchanges on May 10, 2005.
The subscriptions for 26 950 shares made with warrants between April 22 and 29, 2005 will be handled at the next Board meeting of the company on July 27, 2005.
The subscription period for all warrants connected to the Bond Loan with Warrants of 1998 ended on April 30, 2005. The 1 300 000 warrants connected to the loan allowed subscription of 1 300 000 new shares of the company. A total of 1 299 015 shares have been subscribed with the warrants. Following the approval and registration of all share subscriptions the share capital of the company will increase by a total of EUR 1 299 015. The 385 warrants held by Jaakko Pöyry Group Oyj's wholly-owned subsidiary JP-Sijoitus Oy as well as the 600 warrants with which shares have not been subscribed, totally 985 warrants, have become null and void and will be deleted from the book-entry register.
JAAKKO PÖYRY GROUP OYJ
Erkki Pehu-Lehtonen
President and CEO
Teuvo Salminen
Deputy to President and CEO