PROHA PLC BOARD OF DIRECTORS USED AUTHORIZATION FOR A DIRECTED ISSUE
THE BOARD OF DIRECTORS OF PROHA PLC USED THE AUTHORIZATION TO ISSUE SHARES FOR A DIRECTED ISSUE TO THE OWNERS OF PMSOFT ASIA AND PMSOFT KOREA The Board of Directors of Proha Plc decided on December 27, 2000, in accordance with the authorization given in the Extraordinary General Meeting on December 13, 2000, to increase the share capital by EUR 81,745.30 (deviating from the Proha Plc's shareholders' pre-emptive subscription right) by offering the owners of Singaporean and South Korean PMsoft Asia Pte Ltd's parent company JST Investments (Asia) Pte Ltd and PMsoft Korea Ltd. a total of 314,