Development of the Proha Group structure

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DEVELOPMENT OF THE PROHA GROUP STRUCTURE The Proha Board of Directors decided to continue to study various alternatives to develop the Group structure. The study continues to explore ways to increase the free float of Artemis shares in the US-markets and to strengthen the Nordic business operations. Demerger is not considered to be the most probable option and no demerger actions should be expected within the near future. Proha in brief Proha is a global software company focusing on maximizing its customers' business performance by providing management solutions. Proha's key business areas are Project Management (Artemis), Financial Management (Accountor), and Internet Technologies (Intellisoft). Proha Plc Pekka Pere CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 100 pekka.pere@proha.com http://www.proha.com DISTRIBUTION: 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/2002/03/14/20020314BIT00020/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/14/20020314BIT00020/wkr0002.pdf

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