QPR Software Plc Stock Exchange Bulletin 12 March 2008 at 1.00 pm DECISIONS MADE BY THE ANNUAL SHAREHOLDERS' MEETING OF QPR SOFTWARE PLC The Annual Shareholders' Meeting held on 12 March 2008 made the following decisions: The Annual Shareholders' Meeting confirmed the company's financial statements and the group's financial statements for the financial period 1 January - 31 December 2007 and released the Board of Directors and the Managing Directors from liability. Dividend The Annual Shareholders' Meeting approved the Board's proposal that a per-share dividend of EUR 0.03, a total of EUR 368,106.06, be paid for the financial year 2007. The dividend shall be paid to shareholders entered in the company's shareholder register, maintained by Finnish Central Securities Depository Ltd., on the record date of 17 March 2008. The dividend payment date shall be 26 March 2008. Composition of the Board of Directors The Annual Shareholders' Meeting resolved that the Board of Directors consist of five (5) ordinary members. The Annual Shareholders' Meeting elected the following members to the Board of Directors: Vesa-Pekka Leskinen, Jarmo Niemi, Asko Piekkola, Topi Piela and Jyrki Kontio. In its first meeting immediately following the Annual Shareholders' Meeting, the Board of Directors elected Vesa-Pekka Leskinen as Chairman of the Board. Auditor KPMG Oy Ab, Authorised Public Accountants, continues as QPR Software Plc's auditors. Remuneration of the Members of the Board The Annual Shareholders' Meeting decided to pay yearly emolument of EUR 25,230 to the Chairman of the Board and EUR 16,820 to the other Members of the Board. The Authorization of the Board of Directors to decide on a share issue and on issue of special rights The Annual Shareholders' Meeting decided to authorize the Board of Directors to decide on an issue of new shares and conveyance of the own shares held by the company (share issue) either in one or in several occasions. The share issue can be carried out as a share issue against payment or without consideration on terms to be determined by the Board of Directors. The authorisation also includes the right to issue special rights, in the meaning of Chapter 10 Section 1 of the Companies Act, which entitle to the company's new shares or the company's own shares held by the company against consideration. -In the share issue and/or based on the special rights a maximum of 4,000,000 new shares can be issued and a maximum of 250,000 own shares held by the company can be conveyed; -The authorisation includes the right to deviate from the shareholders' pre-emptive subscription right; -The authorisation can be used e.g. in order to strengthen the company's capital structure, to broaden the company's ownership, to be used as payment in corporate acquisitions or when the company acquires assets relating to its business and as part of the company's incentive programmes; -The authorization also includes the right to decide on the price of the shares and the terms and conditions on which the price is determined, as well as on distribution of shares against consideration in kind or set-off; -The authorisation includes the right to decide on a share issue without consideration to the company itself so that the amount of own shares held by the company after the share issue is a maximum of one-tenth (1/10) of all shares in the company. Pursuant to Chapter 15 Section 11 Subsection 1 of the Companies Act, all own shares held by the company and its subsidiaries are included in this amount; -The authorisation shall be in force until the next Annual Shareholders' Meeting; and -Board of Directors is otherwise authorized to decide on all the conditions regarding the share issue and the conveyance of the company's own shares. Authorization of the Board of Directors to decide on acquisition of own shares The Annual Shareholders' Meeting decided to authorize the Board of Directors to decide on an acquisition of own shares on the following conditions: -Based on the authorization own shares may be acquired, either in one or in several occasions, the aggregate maximum amount of 250,000 shares; -The company's own shares can be acquired in order to strengthen the company's capital structure, to be used as payment in corporate acquisitions or when the company acquires assets related to its business and as part of the company's incentive programmes in a manner and to the extent decided by the Board of Directors, and to be transferred for other purposes or to be cancelled; -The authorisation includes the right to decide on a directed acquisition of the company's own shares; -The shares shall be acquired in a manner decided by the Board of Directors for the value formed to the shares in the public trading in the Helsinki Exchanges (OMX Nordic Exchange Helsinki Ltd); -The company's own shares may be acquired only with non-restricted equity; -The authorisation shall be in force until the next Annual Shareholders' Meeting; and -The Board of Directors is otherwise authorized to decide on all the conditions regarding the acquisition of own shares. Decrease of share premium reserve, abolishment of share premium reserve and change of entering subscribed shares based on option rights The Annual Shareholders' Meeting decided to decrease the share premium reserve as shown in the balance sheet as per 31 December 2007 by the total amount of the share premium reserve of EUR 356 539.89 by transferring the decreased amount to the invested non-restricted equity fund of the company. After the decrease the amount of the share premium reserve shall be zero and it is abolished. The Annual Shareholders' Meeting further resolved to amend the decisions made on 1 October 2003 and on 15 March 2005 regarding the issue of option rights so that the subscription prices of the shares subscribed based on the option rights will be entered into the invested non-restricted equity fund. QPR SOFTWARE PLC Jari Jaakkola Chief Executive Officer Additional information Jari Jaakkola Chief Executive Officer QPR Software Plc. Tel. +358-40-5026397 email: jari.jaakkola@qpr.com www.qpr.com DISTRIBUTION Helsinki Stock Exchange (OMX Nordic Exchange Helsinki Ltd) Main Media Neither this press release nor any copy of it may be taken, transmitted into or distributed in the United States of America or its territories or possessions.