Jaakko Pöyry Consulting Oy and JP Management Consulting Oy merged into Jaakko Pöyry Group Oyj

The merger of Jaakko Pöyry Consulting Oy into its parent company Jaakko Pöyry Group Oyj has been registered with the Trade Register on August 31, 2005. The purpose of the merger was to clarify the group structure of the Jaakko Pöyry Group and to simplify administration.

The shareholders of Jaakko Pöyry Consulting Oy and Jaakko Pöyry Group Oyj approved the merger plan in their Annual General Meetings held on February 18, 2005 and March 3, 2005, respectively. In accordance with the merger plan Jaakko Pöyry Consulting Oy merged into Jaakko Pöyry Group Oyj with all its assets and liabilities. Before the merger became effective Jaakko Pöyry Consulting Oy's subsidiary JP Management Consulting Oy was merged into Jaakko Pöyry Consulting Oy. The merger was registered with the Trade Register on August 24, 2005.

The shareholders of Jaakko Pöyry Consulting Oy were disbursed a merger consideration in new shares issued by Jaakko Pöyry Group Oyj. Following the issuance of the new shares, the registered share capital of the company increased by EUR 47 735 from EUR 14 497 301 to EUR 14 545 036 and the total number of authorised shares increased to 14 545 036. The new shares will be available for public trading on the main list of the Helsinki Stock Exchange on September 1, 2005.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen
President and CEO

Teuvo Salminen
Deputy to President and CEO