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SYSOPEN PLC REDUCES THE DILUTION OF STOC

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SYSOPEN PLC                      
Stock Exchange Release 4 June 2003, 4 pm.


SYSOPEN PLC REDUCES THE DILUTION OF STOCK OPTION PLANS

In  its  meeting of 4 June 2003 the Board of Directors of  SysOpen
Plc  agreed  to  distribute stock options, issued by  the  General
Meeting of Shareholders on 20 March 2003, to the personnel of  the
SysOpen  Group and to those members of the Board of Directors  who
are  entitled  to  receive stock options, as well  as  to  SysOpen
Partners  Oy, a wholly owned subsidiary of SysOpen Plc. The  Board
of  Directors  of SysOpen Plc also agreed to annul  stock  options
from the stock option plans 1999 – 2004 and 2000 – 2005, owned  by
the  subsidiary,  for  the part these stock  option  holders  have
converted  their  old  stock  options  into  stock  options  2003.
Furthermore, the Board of Directors agreed to annul all of the old
stock options owned by SysOpen Partners.

After  the  annulments,  the  proportion  of  the  shares  to   be
subscribed  by virtue of all stock options issued by  SysOpen  Plc
decreases in the maximum to 7.3% of the company’s shares and votes
of  the  shares after the potential increase of the share capital.
After  the  annulments, the total number of all stock  options  is
740,495,  of  which  the company owns 316,780 stock  options.  The
total  dilution of distributed stock options is now  3.5%  in  the
maximum.

The  General  Meeting  of Shareholders agreed  on  the  terms  and
conditions of the 2003 Stock Option Plan. The terms and conditions
of  the  stock  options have been published in  a  stock  exchange
release.  The  total number of stock options 2003  issued  by  the
General  Meeting of Shareholders is 670,000 (210,000 stock options
2003A,  160,000 stock options 2003B, 150,000 stock  options  2003C
and 150,000 stock options 2003D).

A  total  of 210,000 stock options 2003A and 143,220 stock options
2003B  were distributed to the personnel of the SysOpen Group  and
to  those  members of the Board of Directors who are  entitled  to
receive  stock options. All 2003C- and 2003D- stock  options  were
granted  to  SysOpen Partners. In addition, 16,780  stock  options
2003B,  which were not distributed to the personnel  or  to  those
members  of  the  Board of Directors who are entitled  to  receive
stock  options,  were granted to SysOpen Partners.  The  Board  of
Directors  of  SysOpen will later decide on  the  distribution  of
these  stock options to key persons employed by or to be recruited
by  the  Sysopen  Group. The General Meeting of Shareholders  will
decide on the distribution of stock options to the members of  the
Board of Directors of Sysopen Plc.

A  total of 319,565 stock options of the stock option plan 1999  –
2004  were  annulled.  After the annulment, the  number  of  stock
options of the stock option plan 1999 – 2004 are as follows:
–        23,700 stock options 1999A,
–        10,485 stock options 1999B,
–        7,500 stock options 1999C and
–        7,750 stock options 1999D.

These  stock options of the stock option plan 1999 – 2004  entitle
to  subscription of a total of 49,435 SysOpen Plc  shares  in  the
maximum.

A  total of 378,940 stock options of the stock option plan 2000  –
2005  were  annulled.  After the annulment, the  number  of  stock
options of the stock option plan 2000 – 2005 are as follows:
–        19,960 stock options 2000E,
–        850 stock options 2000F,
–        250 stock options 2000G and
–        0 stock options 2000H.

These  stock options of the stock option plan 2000 – 2005  entitle
to  subscription of a total of 21,060 SysOpen Plc  shares  in  the
maximum.

Helsinki, 4 June 2003

SysOpen Plc
The Board of Directors


Further information:

Mr Kari Karvinen, Chairman of the Board of Directors,
tel. 358 424 2020 304,
e-mail kari.karvinen@sysopen.fi

Mr Tomi Merenheimo, Corporate Counsel,
tel. +358 424 2020 621,
e-mail tomi.merenheimo@sysopen.fi

Distribution:
Helsinki Exchanges
Major media

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