PROHA PLC'S BOARD OF DIRECTORS APPROVED THE SUBSCRIPTIONS OF THEOPTION ISSUE

PROHA PLC'S BOARD OF DIRECTORS APPROVED THE SUBSCRIPTIONS OF THE OPTION ISSUE In its meeting on March 9, 2001, Proha Plc's Board of Directors approved the subscriptions of the option issue that is part of Proha's incentive system. In the issue, a total of 17,848,280 Proha Plc stock options were subscribed. The options were given free of charge to the personnel of the Proha Group and to the members of the Proha Board of Directors. The subscription price for the shares subscribed on the basis of the stock options was confirmed to be EUR 1.35 per share by the Board of Directors. The Proha Board of Directors decided on the issuance of the options on February 4, 2001 on the basis of the authorization given by the Extraordinary General Meeting on December 13, 2000. The terms and conditions of the option issue were published in a stock exchange bulletin on February 5, 2001. Proha Plc Pekka Pere President & 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 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/09/20010309BIT00670/bit0002.doc http://www.bit.se/bitonline/2001/03/09/20010309BIT00670/bit0002.pdf