PROHA´S EARNINGS FOR THE FIRST HALF WEAKER THAN EXPECTED

PROHA´S EARNINGS FOR THE FIRST HALF WEAKER THAN EXPECTED The challenging software market situation and the strong Euro have a negative effect on the net sales and profitability of Proha Plc. Therefore, Proha will post a loss (EBITA) for the January to June period. Proha will publish the full interim report for January 1-June 30, 2003 on Thursday, August 21, 2003 and will revise its earnings and growth forecast for 2003. Proha Plc Pekka Pere President and CEO More information PROHA PLC CEO Pekka Pere, tel. 020 4362 000 pekka.pere@proha.com www.proha.com DITRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/31/20030731BIT00020/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/31/20030731BIT00020/wkr0002.pdf

About Us

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.