Pursuant to Jaakko Pöyry Group Oyj's Bond Loan with Warrants of 1998, 3700 new shares have been subscribed. Following these subscriptions, the company's registered share capital will increase by EUR 3700 from EUR 13 966 901 to EUR 13 970 601 and the total number of authorized shares will increase to 13 970 601. The increase in share capital should be registered in the Trade Register on February 13, 2004. 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 February 16, 2004.
The subscription period for all warrants ends on April 30, 2005. A total of 609 615 shares have been subscribed with the warrants on February 9, 2004.
JAAKKO PÖYRY GROUP OYJ
Erkki Pehu-Lehtonen
President and CEO
Teuvo Salminen
Deputy to President and CEO