Proha PLC used authoris. to issue shares to Tuloshallinto Oy. shr. capt.incr. reg

THE BOARD OF DIRECTORS HAS USED THE AUTHORISATION TO ISSUE SHARES FOR A DIRECTED ISSUE TO THE OWNWERS OF TULOSHALLINTO OY. THE INCREASE IN THE 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 7,800 euros by giving the shareholders of Tuloshallinto Oy 6,000 new Proha Plc shares in a directed issue. For each Tuloshallinto Oy share received as a capital contribution, Proha Plc gives 30 shares. The new shares include a sales restriction which will expire in two years. On January 12, 2000 Proha Plc made an agreement with the shareholders of Tuloshallinto Oy about acquiring 74% of the share capital of Tuloshallinto Oy. Part of the trade was conducted as an exchange of shares. 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/2000/03/07/20000307BIT00480/bit0001.doc http://www.bit.se/bitonline/2000/03/07/20000307BIT00480/bit0002.pdf