The personnel and option issue of the Proha Group ended

THE PERSONNEL AND OPTION ISSUE OF THE PROHA GROUP ENDED The personnel issue of the Proha Group ended on November 30, 2000. In the issue, the personnel subscribed 106,490 shares at the price of EUR 12.20 per share, totalling to EUR 1,299,178.00 (about FIM 7.7 million). Payment deadline for the subscriptions is December 8, 2000. According to the decision of the General Meeting, a maximum of 200,000 shares were offered for subscription. In accordance with the conditions of the issue, the Board of Directors of Proha Plc will decide on the subscription right of the shares that were not subscribed. The Board has not made the decision yet. In addition, the option issue that is part of Proha's incentive system also ended on November 30, 2000. All 195,000 options offered for subscription were subscribed. The Extraordinary General Meeting of Proha Plc decided on the directed issue and the issue of the option rights on August 21, 2000. The conditions of the issues were published in a Stock Exchange Bulletin on August 8, 2000. Proha Plc Pekka Pere 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/2000/12/01/20001201BIT00840/bit0001.doc http://www.bit.se/bitonline/2000/12/01/20001201BIT00840/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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