PROHA PLC USED AUTHORIS. TO ISSUE SHARES TO ARI HOVI OY. SHARE CAPT.INCR. REGISTE

THE BOARD OF DIRECTORS HAS USED THE AUTHORISATION TO ISSUE SHARES FOR A DIRECTED ISSUE TO THE OWNWERS OF ARI HOVI OY. THE INCREASE OF SHARE CAPITAL HAS BEEN ENTERED INTO THE TRADE REGISTER With the authorisation given in the Extraordinary Shareholder's Meeting on December 7, 1999, the Board of Directors has decided on January 10, 2000 to increase the share capital by 188,500 euros by giving the shareholders of Ari Hovi Oy 145,000 new Proha Plc shares in a directed issue. The new shares include a sales restriction which will expire in two years. Proha Plc will acquire the whole share capital of Ari hovi Oy as a capital contribution. The increase in the share capital has been entered into the Trade Register on March 2, 2000. After this and other trades registered on March 2, 2000, the share capital of Proha Plc is 5,945,482.40 euros and the number of shares is 4,573,448. 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/2000/03/07/20000307BIT00460/bit0001.doc http://www.bit.se/bitonline/2000/03/07/20000307BIT00460/bit0002.pdf