Proha to grow in line with the market

PROHA PLC Stock Exchange Bulletin March 18, 2003 at 6.55 pm PROHA TO GROW IN LINE WITH THE MARKET Proha management does not expect the market situation to change substantially in 2003. In 2003, operative business is expected to grow moderately and at least in line with the general growth of the software market. Profitability is still anticipated to improve. Proha CEO Pekka Pere says he aims at 10% growth and 7% profitability (EBITA) the market situation allowing. For more information please contact: PROHA PLC EVP Pekka Halonen, tel. +358-40-587-7000 pekka.halonen@proha.com www.proha.com DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/18/20030318BIT01240/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/18/20030318BIT01240/wkr0002.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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