Proha plc's board of directors capital, exploringdecided on increasing the share

PROHA PLC'S BOARD OF DIRECTORS HAS DECIDED ON INCREASING THE SHARE CAPITAL, EXPLORING THE POSSIBILITY OF CHANGING THE BUSINESS NAME, AND SELECTING NEW MEMBERS TO THE BOARD OF DIRECTORS The Board of Directors of Proha Plc decided on August 25, 2000, in line with the authorisation given in the Extraordinary General Meeting on December 7, 1999, to increase the share capital by EUR 195 by offering the new key personnel 150 new Proha Plc shares for subscription as part of Proha's option programme. The subscription period is August 30, 2000 to September 30, 2000 and the subscription price is EUR 12.20. Each share entitles to 10 options with subscription price of EUR 8.00 per share. In the same meeting, the Board of Directors of Proha Plc decided to start using the internationally known name Artemis more extensively and explore the possibility of including the name as part of company's business name. Proha Plc's Board of Directors also decided to propose to the next General Meeting that President and CEO of Artemis Management Systems, Steve Yager shall be selected to the Board of Directors. Proha Plc Pekka Pere CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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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.