Proha's Artemis International purchases closed, the increase in share capital entered into the trade register

PROHA'S ARTEMIS INTERNATIONAL PURCHASES CLOSED, THE INCREASE IN SHARE CAPITAL ENTERED INTO THE TRADE REGISTER Proha Plc and the German, French, and Italian Artemis International companies have closed the purchase, where Proha acquired a 100% holding of the French and Italian Artemis International companies and 56.8% of the German company's share capital. All of the 657,390 new Proha Plc shares offered in the directed issue, were subscribed by the owners of the French, German, and Italian Artemis International companies. The shares have a restriction on the right of disposal. The increase in the share capital has been entered into the Trade Register on December 5, 2000. After the registration the share capital of Proha Plc is EUR 13,563,595.50 and the number of shares 10,433,535. Previously, the Proha Group had a 26% holding of the German and French companies and a 30% holding of the Italian one. The remaining portion of the German Artemis International company will be purchased with a directed issue in 2002, when the owners of the company are given a total of 62,584 new Proha Plc shares for subscription. This directed issue requires an authorization from the General Meeting. A total of 719,974 new Proha Plc shares are issued in connection with the purchase of the French, German, and Italian Artemis International companies. Proha in a nutshell Proha is a fast growing, profitable, internationally operating software and services company. Proha concentrates on management in the Internet age. The key business areas are Project Management, Financial Management and Internet Technologies. The pro forma net turnover of the Proha Group is over FIM 500 million. Over 4/5 of the net turnover originates from outside Finland. Proha Group employs over 600 people over 400 of which work in the United States, Great Britain, France, Germany, Italy, Japan, Singapore, Hong Kong, and Korea. 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.