In its organization meeting on February 27, 2008, Proha Board of Directors selected Ernest Jilderda as the Chairman of the Board and Ilari Koskelo as the Vice Chairman. Further, the Board decided on the following issues: DIRECTED ISSUE OF SHARES AS PROHA INCREASES ITS OWNERSHIP IN DATATRON OY Based on the authorization by the Annual General Meeting on April 18, 2007, the Board decided to issue maximum of 243,081 new Proha Plc shares for subscription by Datatron Oy shareholders deviating from the shareholders pre-emptive subscription right. The 243,081 new shares to be issued will amount to 0.4% of the stock capital of Proha Group after the issuance. According to the terms of the purchase agreement, the subscription price for the shares is the volume weighted average price of Proha's shares in Helsinki Stock Exchange between November 1, 2007 - January 31, 2008 equaling EUR 0.27 per share, and in total EUR 65,631.87. The total amount paid for the shares will be recorded in the fund for invested non-restricted equity. The Board decided to increase Proha's ownership in Datatron Oy by 40% to total of 60%. The purchase price is partially paid as new Proha Plc shares. Previously on December 13, 2006 Proha acquired 20% of Helsinki based project management service company Datatron and agreed on option to acquire full ownership of Datatron in one or more installments. The acquisition does not have a material impact on Proha's net sales in 2008. The issued shares are subject to a transfer restriction that shall lapse 12 months after the new shares have been registered. OPTION RIGHTS TO GROUP KEY PERSONNEL The Board approved subscriptions of option rights based on issue of stock options approved by the Annual General Meeting on April 18, 2007. The 60,000 option rights now subscribed entitle to subscription of total of 60,000 shares. The subscription period will end on April 17, 2008. The share subscription price will be EUR 0.37 for shares subscribed under the Stock Option Plan. The Annual General Meeting of Proha on April 18, 2007, decided to issue a total maximum of 2,110,000 stock options. The terms and conditions of the option issue were published in the Stock Exchange Bulletin on March 28, 2007. In the issue, a total of 1.767.000 Proha Plc stock options has been subscribed so far, entitling to the subscription of 1.767.000 shares. REDEMPTION OF OPTION RIGHTS According to the terms and conditions of the option plans, the Board decided to redeem without consideration option rights of certain persons whose employment with Proha has ended. The redemption concerns in total 90,000 option rights under 2007 Plan and 27,720 option rights under 2005 Plan. Proha Plc Pekka Pere CEO More information Proha Plc CEO Pekka Pere, Tel. +358 20 4362 000 pekka.pere@proha.com www.proha.com DISTRIBUTION: Helsinki Stock Exchange Major media