PROHA ACQUIRES SWEDISH CAMAKO DATA AB Proha strengthens its position in the Nordic project management markets and acquires full ownership of the Swedish project management IT consultancy company Camako Data AB. Following its strategy Proha is expanding its international sales and service network through selective acquisitions. Camako will become part of the Proha's Safran Systems division. The purchase price is composed of a fixed price of EUR 725,000 and of a possible additional purchase price that will be paid based on certain performance objectives. The fixed part of the purchase price will be paid in two installments with the first installment of EUR 450,000 was paid in cash at the closing and the remainder after three months either in cash or as new Proha Plc shares. The possible additional purchase price will be paid at latest in 2009 either in cash or in Proha Plc shares. If all performance objectives are met in full, the additional purchase price will total EUR 375,000. Camako's estimate for pro forma net sales in 2007 is SEK 10.5 million (EUR 1.2 million) and the operating result slightly positive. The acquisition does not have a material impact on Proha's net sales in 2007. Established in 1996 Camako is a project and resource management IT consultancy company concentrating especially in Microsoft products. Like Proha, also Camako is a Microsoft Gold Certified partner and has extensive experience in Microsoft EPM and Microsoft Sharepoint systems. Camako employs 8 consultants and has a strong market position in Sweden. Camako's CEO Johan Enfeldt and the founder of the company, Magnus Holmlid will continue in company's employment also after the transaction. - This acquisition strengthens Proha's Safran Systems division considerably. The division's focus areas are Microsoft project management and collaboration tools together with our Safran1 products built on Microsoft SharePoint. Camako's highly professional and motivated employees and wide customer base pave the way for us in the Swedish markets, says Proha CEO Pekka Pere. Camako acquisition is an important strategic move for Proha's Safran Systems division. Together with Camako we become the leading Microsoft Project Management partner in Finland, Sweden and Norway. This will strengthen the basis for our international expansion in accordance with our strategy. Camako CEO Johan Enfeldt and founder Magnus Holmlid are excited about joining Proha's Safran System division with the new opportunities to serve the joint Scandinavian customers: - Safran1 product family will be an important addition to Camako's service and product portfolio. We believe it will have a great market among our customers. Already now our concept is to provide our clients a virtual project office and Safran1 is an ideal tool for this. We are impressed of its ease of use, flexibility and ability to deliver fast results. As the product fills a gap in the market, between simple project collaboration and advanced project, portfolio and resource management, we are confident that it will benefit our customers. Camako in brief Camako is the leading Swedish professional service organization focusing on Microsoft Office Enterprise Project Management, EPM. We help organizations to increase efficiency in project, portfolio and resource management by implementing Microsoft enterprise level project management solutions. With an outstanding track record of implementation projects, Camako is the first Microsoft EPM-specialized certified partner in Sweden, the only Nordic member of the EPM-Partner Advisory Council and a receiver of many Microsoft nominations, awards and certifications. Founded in 1996, Camako's headquarters are located in Stockholm, Sweden. www.camako.se Proha in brief Proha is one of the leading providers of enterprise level project management software and services. We support customers executing projects and managing project business by providing a comprehensive set of tools and services with the best project management practices. In 2006, the net sales for the continuing operations of Proha Group were EUR 41.0 million (EUR 26.4 million in 2005). Currently Proha Group employs over 330 people worldwide. www.proha.com For more information: Pekka Pere, CEO, Proha Plc pekka.pere@proha.com Tel. +358-20-4362-000