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  • The second closing of Proha and Opus360 transaction consummated Opus360 named Artemis International Solutions Corporatio

The second closing of Proha and Opus360 transaction consummated Opus360 named Artemis International Solutions Corporatio

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THE SECOND CLOSING OF PROHA AND OPUS360 TRANSACTION CONSUMMATED OPUS360 NAMED ARTEMIS INTERNATIONAL SOLUTIONS CORPORATION On November 20, 2001, the special stockholder meeting of Opus360 Corporation, a Proha subsidiary, approved amendments to Opus360 Corporation's certificate of incorporation increasing the number of authorized shares of Opus360 common stock from 150,000,000 to 500,000,000. At the same time the special stockholder meeting decided to change the name of the corporation into Artemis International Solutions Corporation. The second closing of the share exchange agreement entered into on April 11, 2001 by Proha and Opus360 was consummated on November 20, 2001. The second closing required the Opus360 Corporation stockholder approval of the increase in authorized common stock. At the second closing, Proha received approximately 125.5 million shares of Opus360 common stock in return for completing the transfer of the historical Artemis businesses and for a 19.9% interest in Proha subsidiaries, Accountor Oy and Intellisoft Oy. Proha now owns approximately 80% (199.5 million) of the outstanding common stock of Opus360 Corporation. Proha Plc Pekka Pere President and CEO For more information please contact: CEO Pekka Pere, tel. +358 (0)20 4362 000 pekka.pere@proha.com 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/2001/11/21/20011121BIT00540/bit0002.doc http://www.waymaker.net/bitonline/2001/11/21/20011121BIT00540/bit0002.pdf