PROHA PLC BOARD OF DIRECTORS USED THE AUTHORISATION TO DIRECTED ISSUE OF SHARES

THE BOARD OF DIRECTORS HAS USED THE AUTHORISATION TO ISSUE SHARES FOR A DIRECTED ISSUE TO THE OWNERS OF VIDAC OY AND TO NEW KEY PERSONNEL OF PROHA PLC. With the authorisation given in the Extraordinary Shareholder's Meeting on April 27, 2000, the Board of Directors has decided on June 16, 2000 to increase the share capital by 3,900 Euros by giving the shareholders of Vidac Oy 3000 new Proha Plc shares in a directed issue. In the same meeting the Board of Directors also accepted the subscription of shares. The shares are a part of the trade of acquiring the whole share capital of Vidac Oy to the Proha Group. After this trade, the Proha Group owns the whole share capital of Vidac Oy. In the same meeting, The Board of Directors of Proha Plc decided, in accordance with the authorisation given in the Extraordinary General Meeting on December 7, 1999 to increase the share capital by EUR 910 by offering the new key personnel 700 new Proha Plc shares for subscription as part of Proha's option programme. The subscription period is June 19, 2000 to August 31, 2000 and the subscription price is EUR 10.40. Each share entitles to 10 options with subscription price of EUR 8.00 per share. Proha Plc Pekka Pere CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.fi http://www.proha.fi DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/22/20000622BIT00760/bit0001.doc http://www.bit.se/bitonline/2000/06/22/20000622BIT00760/bit0002.pdf