New CEO and Group Manager at PROACT IT GROUP AB (publ)

Olof Sand, Divisional Manager of Business Consulting at AcandoFrontec has today been appointed CEO and Group Manager of Proact IT Group AB. He will take up his post by 1 February 2005 at the latest. Olof Sand is one of the founders of Acando, which merged with Frontec to form AcandoFrontec. His previous career has included management and change assignments at companies such as ABB and Tele2. Simultaneously with Olof Sand's appointment, Omar Lien was appointed acting CEO of Proact IT Group AB. Omar Lien will be made vice CEO of the group when Olof Sand takes up his post. He will remain CEO of Proact's subsidiary in Norway. Proact's founder, current CEO and Group Manager Henrik Holm gives up his post in the company but remains a member of the board. Since Proact was founded 10 years ago, Henrik Holm has lead the work during the company's considerable expansion, which has also encompassed internationalisation and listing on the stock exchange in 1999. For further information, please contact: Lars Grönberg, Chairman of the Board, tel: +46 (0)70 727 54 55, greenhill@swipnet.se Pictures and further information are available at www.proact.se. About PROACT PROACT is an independent information and technology specialist targeting companies and organizations for management of rapidly growing information volumes and mission-critical information. PROACT combines leading specialist know-how and technology with experience from about 1,500 customers in solutions for IT infrastructure that contributes to making the customer’s day-to-day business more profitable. The PROACT Group has 360 employees and conducts business in Denmark, Finland, Latvia, Lithuania, Norway, Sweden and Switzerland. Proact was founded in 1994. The Parent Company, PROACT IT Group AB, on the O-list of Stockholmsbörsen, the Stockholm stock exchange, under the symbol PACT since 1999.