PROHA PLC BOARD OF DIRECTORS USED AUTHORIZATION FOR A DIRECTED ISSUE

THE BOARD OF DIRECTORS OF PROHA PLC USED THE AUTHORIZATION TO ISSUE SHARES FOR A DIRECTED ISSUE TO THE OWNERS OF PMSOFT ASIA AND PMSOFT KOREA The Board of Directors of Proha Plc decided on December 27, 2000, in accordance with the authorization given in the Extraordinary General Meeting on December 13, 2000, to increase the share capital by EUR 81,745.30 (deviating from the Proha Plc's shareholders' pre-emptive subscription right) by offering the owners of Singaporean and South Korean PMsoft Asia Pte Ltd's parent company JST Investments (Asia) Pte Ltd and PMsoft Korea Ltd. a total of 314,405 new Proha Plc shares. The offered shares are as per the split (1:5) on December 28, 2000 and their book parity is EUR 0.26. The shares are expected to be subscribed by January 15, 2001. The new shares include a sales restriction which will expire totally in three years. The shareholders of PMsoft Asia Pte Ltd's parent company JST Investments (Asia) Pte Ltd will be offered 278,275 new Proha Plc shares and the minority interest owners of PMsoft Korea will be offered 36,130 shares. The shares are part of the deal of acquiring PMsoft Asia Pte Ltd and its subsidiary PMsoft Korea to the Proha Group. Previously, the Proha Group had a 49% holding of PMsoft Asia Pte Ltd. Proha Plc Pekka Pere President and CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.fi http://www.proha.fi DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/27/20001227BIT00400/bit0001.doc http://www.bit.se/bitonline/2000/12/27/20001227BIT00400/bit0002.pdf

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Proha is globally operating software group operating in Project Management (Artemis), Financial Management (Accountor), and ASP services (Intellisoft). Pro forma net sales were EUR 82.2 mio in 2000, number of personnel nearly 700.

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