Information on the Interim report of OPUS360 corporation

INFORMATION ON THE INTERIM REPORT OF OPUS360 CORPORATION On April 11, 2001, Proha Plc announced that it acquires the majority of US-based Nasdaq-listed Opus 360 Corporation. The acquisition is estimated to be closed during the second half of 2001. Opus360 has reported its financial results for the first quarter of 2001. The revenue for the quarter ended March 31, 2001 totaled USD 1.5 million, compared to USD 1.0 million for the same period in 2000. Reported net loss for the quarter was USD 37.3 million (USD -25.0 million). Net loss per share was USD 0.75 (USD -1.86). Gross margin was 63% (24%). The Company's cash position at the end of the quarter was USD 24.1 million. Opus360 has also calculated a pro forma result, excluding non-cash flow items such as amortization of goodwill and restructuring charges. Pro forma net loss for the quarter was USD 9.0 million, compared to USD 19.1 million for the same period last year. Net loss per share was USD 0.18 (USD -0.49). According to the Company´s own evaluation the sales have been affected by the economic downturn in the United States as well as by the uncertainty about the timing of the Artemis transaction agreed upon with Proha and listing on Nasdaq. The Company predicts that second quarter revenues will be between USD 0.5 million and 1.0 million. Operating costs are estimated to decline approximately 50% from first quarter levels. Opus360 interim report is available on Nasdaq web pages (OPUS) at www.nasdaq.com. According to an American practice the Company will also file the interim report (10-Q) with the Securities and Exchange Commission and it can be viewed on a later date on the Nasdaq pages. OPUS360 IN BRIEF Opus360 is a software company that was founded in 1998 and listed on the Nasdaq Stock Exchanges in 2000. Its main product is an internet- based product portfolio Workforce360 related to the Supply Chain Automation (SCA). Workforce360 focuses on the workforce acquisition and management. The Opus360 software has over 16,000 users in client corporations such as Lucent Technologies, Computer Sciences Corporation, CompuCom, Computer Task Group, and Global Managed Services. Proha Plc will publish its own interim report on May 17, 2001. Proha Plc Pekka Pere President & CEO For more information please contact: CEO Pekka Pere, tel. +358 (0)20 4362 000 pekka.pere@proha.com http://www.proha.com 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/2001/05/11/20010511BIT00720/bit0001.doc http://www.bit.se/bitonline/2001/05/11/20010511BIT00720/bit0001.pdf