PROHA DIVESTS ITS MINORITY SHARE IN TIETOKATE OY

Proha Plc Stock Exchange Bulletin June 30, 2003 at 4.00 pm PROHA DIVESTS ITS MINORITY SHARE IN TIETOKATE OY Proha Plc divests its 20% share of the Finnish accounting company Tietokate Oy. Proha acquired the minority share of Tietokate as part of its financial management business area in November 2000. Proha also relinquishes its options to acquire the entire share capital of Tietokate. The profit from the divestment has no material effect on the result of the Proha Group. In accordance with its business strategy, Proha focuses on portfolio and project management software products. In November 2002, Proha divested its subsidiary Accountor Oy, which made up the core of its financial management business. Proha in brief Proha is a leading, globally operating portfolio and project management solution provider and the largest software product company in Finland. Proha's solutions help its corporate customers to carry out their strategies, allocate their resources productively and control their operative functions as profitably as possible. The Proha Group's net sales were EUR 100.8 million in 2002. Nearly 90% of net sales originate from outside Finland. The Group employs approximately 650 professionals with over 500 of them outside Finland. Proha Plc Pekka Pere President and CEO More information PROHA PLC CEO Pekka Pere, tel. 020 4362 000 pekka.pere@proha.com www.proha.com DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/06/30/20030630BIT00580/wkr0001.doc http://www.waymaker.net/bitonline/2003/06/30/20030630BIT00580/wkr0002.pdf