Proha's board accepted the subscriptions of directed issue and use of options

PROHA PLC'S BOARD OF DIRECTORS HAS ACCEPTED THE SUBSCRIPTIONS OF THE DIRECTED SHARE ISSUE AND THE USE OF THE OPTION RIGHTS In its meeting on October 2, 2000 Proha Plc's Board of Directors accepted the subscriptions of the directed issue offered to new key personnel. In the same meeting, the Board of Directors also approved the use of PCA Corporate Finance Oy's option rights. Proha Plc's Board of Directors decided on August 25, 2000 in line with the authorisation given in the General Meeting on December 7, 1999, to increase the share capital by EUR 195 by offering the new key personnel 150 new Proha Plc shares for subscription as part of Proha's option programme. At the end of the subscription period on September 30, 2000, all shares were subscribed. The subscription price of the shares was EUR 12.20. Each share entitles to 10 options with a subscription price of EUR 8.00 per share. PCA Corporate Finance Oy has used 57,037 option rights each of which entitles to one share. The subscription price of the shares was EUR 7.80. Proha Plc's Board of Directors decided on November 24, 1999, in line with the authorisation given in the General Meeting on October 14, 1999 to offer PCA Corporate Finance Oy a maximum of 114,073 option rights for subscription. The subscription period for the remaining 57,036 option rights ends on June 15, 2001. 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 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/10/04/20001004BIT00550/bit0001.doc http://www.bit.se/bitonline/2000/10/04/20001004BIT00550/bit0002.pdf