Proha Reorgaizes Its Group Structures In Finland

PROHA REORGAIZES ITS GROUP STRUCTURES IN FINLAND Proha simplifies its corporate structure following the acquisitions made in 2000. In Finland the operations will be rearranged into companies operating within the three business areas (Project management, Financial management, and Internet technologies). The arrangements will be made during spring 2001. The aim is to enhance operations and to decrease recruitment pressures arising from fast growth. The arrangements will also include transferring personnel between the companies. The arrangements will not effect the foreign subsidiaries of Proha. Nor will they influence the customer relations or product offering in Finland. Proha Plc Pekka Pere President & CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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Proha is globally operating software group operating in Project Management (Artemis), Financial Management (Accountor), and ASP services (Intellisoft). Pro forma net sales were EUR 82.2 mio in 2000, number of personnel nearly 700.