Proha Plc Stock Exchange Bulletin April 8, 2008 at 9.00 a.m. PROHA'S RESULT NEGATIVELY AFFECTED BY FORMER CEO'S SEVERANCE PAYMENT In its meeting on April 7th, 2008 the Proha Board of Directors decided to make a provision for the severance payment to the former CEO of the company, Pekka Pere, which is equivalent to two years of salary including fringe benefits, totalling in EUR 678,512. Negotiations regarding the severance payment and other relating issues were ended without result. The severance payment will be assigned in total to the accounts of the second quarter. The costs relating to restructuring activities in second quarter of 2008 will bring the quarterly result to loss and will have a negative impact to the annual result. Based on the above, the company will have a challenge to meet the previously released prospects for 2008. In addition, the Proha Board of Directors approved the conditions of the CEO agreement of the new CEO Ilari Koskelo appointed on March 19th, 2008. In accordance with the CEO agreement, the compensation paid to the CEO is composed of an annual salary of EUR 12, a company-paid mobile phone and merit payment to be specified by the Board of Directors. The merit payment is based on targets that are connected to the profitability of the company and its sub-parts or the successful completion of a structural reorganization of the company. The merit pay cannot surpass the amount of EUR 150,000 for a time period of twelve months. The term of notice for the CEO is one month. The CEO agreement does not include any termination payment. 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 2007, the net sales for the continuing operations of Proha Group were EUR 51.0 million (EUR 41.0 million in 2006). Currently Proha Group employs over 380 people worldwide. Proha is a Microsoft Gold Certified Partner. www.proha.com Proha Plc BOARD OF DIRECTORS More information: PROHA PLC CEO Ilari Koskelo, Tel +358 20 4362 000 ilari.koskelo@proha.com EVP Janne Rainvuori, Tel. +358 20 4362 000 janne.rainvuori@proha.com www.proha.com DISTRIBUTION: Helsinki Stock Exchange Major media