QPR Software Plc    Stock Exchange Bulletin       March 8, 2004
at 11.30 am



DECISIONS MADE BY THE ANNUAL SHAREHOLDERS? MEETING OF QPR SOFTWARE
PLC

The Annual Shareholders? Meeting held on March 8, 2004 made the
following decisions:

The Annual Shareholders? Meeting adopted QPR Software Plc?s
financial statements and the consolidated statements and granted
the members of the Board of Directors and the Managing Directors
discharge from liability for the financial year ended December 31,
2003.

The Annual Shareholders? Meeting resolved that no dividend shall
be distributed.

The Annual Shareholders? Meeting resolved that the Board of
Directors consists of five(5) ordinary members. The Annual Meeting
elected the following members to the Board of Directors: Timo
Tirkkonen, Vesa-Pekka Leskinen, Teemu Malmi, Asko Piekkola and
Jane Moilanen. In its first meeting immediately following the
Annual Shareholders? Meeting, the Board of Directors elected Timo
Tirkkonen as Chairman of the Board.

Ernst & Young Oy, Authorised Public Accountants, continues as QPR
Software Plc?s auditors.


Authorisation of the Board of Directors to decide on the increase
of share capital

The Annual Shareholders? Meeting authorised, by revoking the
previous unused authorisations, the Board of Directors to decide
on increase of the share capital, until March 8, 2005, through one
or more new issues and/or on one or more convertible bonds and/or
granting option rights in one or more instalments. The
authorisation is for the maximum amount of EUR 251,300. Regarding
a new issue the Board of Directors was granted authorisation to
decide that shares may be subscribed against property given as a
subscription in kind, by using the right to set-off or otherwise
according to certain terms. The increase in share capital by means
of a new issue is to be carried out according to the Board?s
decision, at the price set by the Board and on the Board?s other
terms. The Board of Directors was authorised to deviate from the
pre-emptive subscription rights of shareholders when increasing
share capital by means of a new issue, convertible bonds and/or
granting option rights provided that there exists an important
financial reason from the Company?s point of view.


Covering the loss

The Annual Shareholders? Meeting decided to use Company?s Share
Premium Fund in order to cover the retained losses of EUR
3,132,471 from the previous accounting periods.


Amending the Articles of Association

The Annual Shareholders? Meeting decided to amend the paragraphs 8
and 11 of the Articles of Association as announced in the stock
exchange bulletin released on February 18, 2004.



QPR SOFTWARE PLC
Matti Kanninen
Managing Director

Additional information
Matti Kanninen
Managing Director
QPR Software Plc.
Tel. +358-(0)9-478 5411
email: matti.kanninen@qpr.com
www.qpr.com


DISTRIBUTION Helsinki Stock Exchange, Main Media

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