PROHA BOARD OF DIRECTORS IS PREPARING AN EXTRAORDINARY GENERAL MEETING

PROHA BOARD OF DIRECTORS IS PREPARING AN EXTRAORDINARY GENERAL MEETING In its August 21, 2002 meeting, the Proha Board of Directors reviewed alternative strategies to streamline the Proha group structure. The Board unanimously stated that the international project and resource collaboration software business represents 90% of the company's net sales; and that Group's focus on the project and resource collaboration market requires that Proha and its subgroup Artemis combine their corporate structures to reduce costs and realize operating efficiencies. Therefore, the Board is preparing an Extraordinary General Meeting to review Proha's corporate strategy and structure. Notification of the forthcoming meeting will be released within the next 14 days. Proha Plc Pekka Pere President and CEO More information PROHA PLC CEO Pekka Pere, tel. +358 (0)20 4362 000 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/2002/08/22/20020822BIT00150/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/22/20020822BIT00150/wkr0002.pdf