Proha to sell Abc technologies business in france

PROHA TO SELL ABC TECHNOLOGIES BUSINESS IN FRANCE Proha Plc continues to focus on international portfolio and project management software business. Artemis France, a part of the Proha Group, has a business operation based on cooperation with ABC Technologies Inc. This business is sold. The total price of EUR 0.4 million is paid in cash. The divestiture does not have a material impact on Proha's net sales or operative result. Proha in brief Proha is a leading globally operating portfolio and project management solution provider. The solutions help corporate customers to carry out their strategies, to allocate their resources productively and to control their operative functions as profitably as possible. The Proha Group's net sales were EUR 82.8 million in 2001. Over 4/5 of net sales originates from outside Finland. Proha Plc Pekka Pere CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 100 pekka.pere@proha.fi http://www.proha.fi 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/2003/03/06/20030306BIT01130/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/06/20030306BIT01130/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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