QPR SOFTWARE PLC STOCK EXCHANGE RELEASE 26 July 2006 at 10.00 AM INTERIM REPORT JANUARY 1 - JUNE 30, 2006 QPR SOFTWARE PLC?S NET SALES GREW 26% DURING THE SECOND QUARTER AND REACHED MEUR 2.1, OPERATING PROFIT WAS 11% OF NET SALES DURING JANUARY-JUNE NET SALES INCREASED TO MEUR 3.8, OPERATING PROFIT 12% OF NET SALES, EARNINGS PER SHARE 0.03 EURO QPR Software Group?s net sales grew 25.9% during the second quarter of 2006 and reached MEUR 2.081 (1.652). Net sales from international operations increased by 114.7% compared to the corresponding period previous year and were MEUR 1.494 (0.696). Operating profit grew 15.5% and reached MEUR 0.228 (0.198), which corresponds to 11.0% (12.0%) of net sales. During January-June, the net sales of the Group reached MEUR 3.752 (3.240) and grew 15.8%. Operating profit increased by 19.0% and expanded to MEUR 0.460 (0.387), which corresponds to 12.3% (11.9%) of the net sales. Earnings per share increased by 17.1% and were EUR 0.03. The Group delivered software licenses to 46 different countries during January-July. The international operations represented 64.5% (49.1%) of the total net sales. GROUP KEY FIGURES (EUR 1000) 4-6/ 4-6/ Change 1-6/ 1-6/ Change 1-12/ 2006 2005 % 2006 2005 % 2005 Net Sales 2 081 1 652 25.9 3 752 3 240 15.8 6 364 Operating profit 228 198 15.5 460 387 19.0 849 % of net sales 11.0 12.0 12.3 11.9 13.3 Profit before tax 236 197 20.1 494 402 22.9 905 Profit for the period 184 156 17.6 370 314 17.9 690 % of net sales 8.8 9.5 9.9 9.7 10.8 EPS, EUR 0.03 0.03 17.1 0.06 EPS (diluted),EUR 0.03 0.03 16.8 0.06 Equity per share, EUR 0.18 0.14 29.1 0.17 Cash flow from operating activities 650 1 473 -55.9 1800 Cash and cash 1 748 1 432 22.1 1582 equivalentsNet liabilities -1 271 -615 106.9 -771 Gearing, % -57.1 -35.9 -36.9 Equity ratio, % 56.1 45.8 52.4 Return on equity,% 17.1 19.8 38.9 Return on Investment, % 17.4 16.0 32.0 OUTLOOK FOR YEAR 2006 According to industry research institutes? public forecasts, the global annual sales growth for enterprise software applications, and especially for business performance management and business process management applications, will in average reach approximately 10% annually in years 2006-2009. QPR Software Group?s net sales in year 2006 is estimated to grow significantly faster than the global growth of enterprise software applications and especially business performance management and business process management applications. The Group?s operating profit is estimated to increase from the previous year. The nature of the software license business of the QPR Group is seasonal. Seasonality of large software deals can affect significantly net sales and profit of one individual quarter. REPORTING QPR Software Plc adopted the International Financial Reporting Standards (IFRS) as of January 1, 2005. This interim report complies with accounting- and valuation principles of IFRS and is not audited. SECOND QUARTER HIGHLIGHTS QPR Software Group?s net sales grew 25.9% and reached MEUR 2.081 (1.652). The positive development was based on the strong international sales growth of software licenses. Business developed particularly well in South Africa, Russia, Japan, Germany and Switzerland. In Finland, large software deals did not occur significantly in the second quarter. During the second quarter, the international business accumulated net sales of MEUR 1.494 and represented 71.8% of Group net sales. The geographical break-down of the net sales was as follows, MEUR: 4-6/ Share- 4-6/ Share- Change- 2006 % 2005 % % Finland 587 28.2 956 57.9 -38.6 International 1 494 71.8 696 42.1 114.7 Total 2 081 100.0 1 652 100.0 25.9 The Groups net sales are accrued solely from software business, with the following break-down during the review period, MEUR: 4-6/ 2006 4-6/ 2005 Change-% Software licenses 1 204 807 49.2 Maintenance services 623 530 17.7 Professional services 254 316 -19.5 Total 2 081 1 652 25.9 The share of software license sales and maintenance services increased to 88% (81%) of net sales. During the period April through June QPR delivered software to a total of 42 countries. The largest software sales were recorded in Finland, South Africa, Russia, Japan, Germany and Switzerland. During the second quarter, the company made significant deliveries, among others, to Finnish Maritime Administration, Skanska Oy, Tradeka Oy and Visma Software Plc in Finland, and internationally to Mengenbewirtschaftung Emmentaler Switzerland, as well as, to South African Airways and Msunduzi Municipality in South Africa. Operating profit increased by 15.5% and totaled MEUR 0.228 (0.198), representing 11.0% (12.0%) of net sales. Profit for the period increased by 17.6% compared to the corresponding period previous year, and was MEUR 0.184 (0.156), representing 8.8% (9.5%) of net sales. NET SALES AND FINANCIAL PERFORMANCE 1-6/2006 During the review period, the net sales of the Group increased by 15.8% totaling MEUR 3.752 (3.240). International net sales corresponded to 64.5% (49.1%) of the total net sales of the QPR Group and were MEUR 2.419 (1.589). During the review period, eight new reseller agreements were signed. The Group net sales are accrued solely from software business, with the following break-down during the review period, MEUR: 1-6/ 1-6/ Change- 1-12/ 2006 2005 % 2005 Software licenses 1 969 1 603 22.9 3 148 Maintenance services 1 204 1 014 18.7 2 126 Professional services 579 623 -6.9 1 090 Total 3 752 3 240 15.8 6 364 The geographical break-down of the net sales was as follows, MEUR: 1-6/ Share- 1-6/ Share- Change- 1-12/ Share- 2006 % 2005 % % 2005 % Finland 1 333 35.5 1 650 50.9 -19.2 2 775 43.6 International 2 419 64.5 1 589 49.1 52.2 3 589 56.4 Total 3 752 100.0 3 240 100.0 15.8 6 364 100.0 The ambition shown by enterprises and the public sector to streamline their processes reflected positively on the demand of QPR?s products. The focus of deliveries was increasingly on large complete management solutions. The average size of deliveries has increased further and the implementations made at the customers? sites have expanded. Operating profit increased by 19.0% and expanded to MEUR 0.460 (0.387), corresponding to 12.3% (11.9) of the net sales. The operating profit includes other operating income in total of MEUR 0.110 for the first quarter, due to a received resolution of waiving a product development loan, granted to the Company, in addition to which the finance expenses have diminished. Profit for the financial period increased by 17.9% compared to the corresponding period previous year, and was MEUR 0.370 (0.314), representing 9.9% (9.7%) of net sales. Retained losses, for which no entry has been made in the parent company?s books as deferred tax assets, are approximately MEUR 2.5, corresponding to approximately MEUR 0.6 deferred tax assets. During January through June 2006, the deferred tax assets have been diminished by KEUR 125, based upon the taxable income during the review period. In the Group's balance sheet as of 30 June 2006, the remaining amount of deferred tax is KEUR 64. The Board of Directors will take into consideration to increase the amount of deferred tax assets in the parent company?s books, before publishing the financial statements for 2006. The possible increase in deferred taxes would be based, among others, on the business outlook for 2007 and would have a positive impact on profit for the fiscal year 2006. Earnings per share (diluted) increased by 16.8% and were EUR 0.03 (0.03). FINANCE AND INVESTMENTS The value of the total assets was at the end of June 2006 MEUR 5.697 (4.838). The Group?s investments in fixed assets during the review period totaled to MEUR 0.155 (0.064). Cash flows from operating activities were positive during the review period and were MEUR 0.650 (1.473). Cash and cash equivalents at the end of the review period were MEUR 1.748 (1.432). The Group?s interest-bearing liabilities decreased by MEUR 0.334 during the review period and were MEUR 0.476 (0.817). Gearing, a ratio of net liabilities and equity, was -57.1% (-35.9%). Return on investment was 17.4% (16.0%). Short-term liabilities contain deferred revenue in total of MEUR 1.725 (1.099). Quick ratio was at the end of review period 3.9 (3.2). At the end of review period, the Group?s equity was MEUR 2.228 (1.712), and the Group?s equity ratio reached 56.1% (45.8%). Return on equity was 17.1% (19.8%). PERSONNEL At the end of the review period, the Group employed a total of 56 people (49). During the last 12 months period, the increase in headcount refers to both international sales and product development. At the end of 2005, corresponding headcount was 56. For incentive and commitment purposes, the Group has personnel bonus scheme covering the whole personnel and personnel stock option plan. PRODUCT DEVELOPMENT The amount of R&D expenses in the review period totaled to MEUR 0.687 (0.641) representing 18.3% (20.8%) of net sales. During the review period, R&D expenses have been activated as assets for a total amount of KEUR 35 (0). The depreciation period of capitalized R&D expenses is 4 years. Product development employed 12 (10) people at the end of the review period, and corresponded to 21.4% of the total personnel at the end of the review period. The core know-how of product development remains centralized in the own organization. Long-term co-operation was continued with established subcontractors. During the review period, the R&D focused further on the development work of QPR 7 product family. The new version of QPR 7.5 will be released in October 2006. In the development of the new version, a particular attention has been paid on ease of use and scalability in implementation of thousands of users. QPR 7 suite is an interactive easy-to-use, ready-to-run software solution that combines strategic performance management (QPR ScoreCard) and business process management (QPR ProcessGuide) into one complete collaborative management solution (QPR Collaborative Management). With the help of QPR-software solutions, organizations bring clarity to their business processes and organizations? objectives, support their people's commitment hereto and improve their ability to change. The software products developed by QPR are scalable from a single-user to an organization-wide management system, and integrate seamlessly to the customer?s other information systems. QPR 7 product family has been localized into 21 languages. DECISIONS MADE BY THE ANNUAL SHAREHOLDERS? MEETING AND GOVERNANCE The Annual Shareholders? Meeting held on March 15, 2006 made the following resolutions: 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 Director discharge from liability for the financial year, ended December 31, 2005. The Annual Shareholders? Meeting resolved that a dividend of EUR 0.02 per share be paid for the fiscal year ended on 31 December 2005. The dividend was paid to shareholders who on the record date, 20 March 2006, were entered in the Company?s Shareholders? Register, which is kept by Finnish Central Securities Depository Ltd. The dividend was paid on 27 March 2006. The Annual Shareholders? Meeting resolved that the Board of Directors consists of five ordinary members. The Annual Shareholders? Meeting elected the following members to the Board of Directors: Vesa-Pekka Leskinen, Asko Piekkola, Teemu Malmi, Jane Moilanen and Topi Piela as a new member. In its meeting following the Annual Shareholders? Meeting, the Board of Directors elected Vesa-Pekka Leskinen as Chairman of the Board. The Annual Shareholders? Meeting elected KPMG Oy Ab, Authorized Public Accountants, as QPR Software Plc?s auditor and Authorized Public Accountant Sixten Nyman as the principle auditor. The Annual Shareholders? Meeting resolved to approve the proposal of the Board of Directors on authorization of Board of Directors to decide on the increase of share capital. The Shareholders? Meeting resolved, by revoking the previous unused authorizations to increase the share capital, to authorize the Board of Directors to decide, until March 15, 2007 on the increase of share capital through one or more new issues and/or on one or more convertible bonds and/or granting option rights in one or more installments. The maximum amount of authorization is EUR 266,944, equivalent of 2,426,764 shares. Regarding a new issue the Board of Directors would be granted authorization 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 would was authorized 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. COMPANY SHARES AND TRADING IN COMPANY SHARES 1-6/2006 The Company?s share capital at the end of the review period was EUR 1,340,572.53 divided into 12,187,023 shares, the book-counter value being EUR 0.11. The share capital was increased once during the review period when 53,167 new shares were subscribed based on the stock option programs 2003/II and 2003/III. The corresponding increase of EUR 5,848.37 in the Company?s share capital was entered in the Finnish trade register on May 11, 2006. At the end of the review period, the Company had a total of 686 shareholders. During the review period, trading in Company shares totaled MEUR 1.841 giving an average of EUR 14,847 per trading day. Trading in shares totaled 2,174,601 shares, corresponding on average 17,537 shares per trading day. Trading in shares corresponded to 17.8% of the total amount of shares and the average price was EUR 0.85 per share. At the end of the review period, the market value of company shares was MEUR 9.993, counted with the closing price of EUR 0.82 per share. STOCK-OPTION PROGRAMS During the review period, the Company had three prevailing stock option programs. Each stock option issued under these stock option programs entitle to subscribe one new share in the Company. At the end of the review period, based on stock option program 2003/II, in total of 47,491 hitherto unconverted stock options have been issued. There are no 2003/II stock options any more in the possession of QPR Software Plc or its subsidiaries. At the end of the review period, based on stock option program 2003/III, in total of 283,750 hitherto unconverted stock options have been issued, and in total of 111,290 stock options are in the possession of the Company?s subsidiary. At the end of the review period, based on the stock option program 2005/I, in total of 49,599 hitherto unconverted stock options have been issued, and in total of 150,401 stock options are in the possession of the Company?s subsidiary. At the end of the review period, in total of 380,840 hitherto unconverted stock options have been issued, and in addition, in total of 261,691 stock options were in the possession of the Company?s subsidiary, to be given to present and future employees and management. OTHER EVENTS DURING THE REVIEW PERIOD QPR Software Plc renewed the areas of responsibilities of the company's management starting June 12th, 2006. The objective of the change is to clarify the areas of responsibilities of company's operational management, development, and administration. Domestic sales, international sales, and consulting business are combined into the Business Operations group, which is responsible for marketing, sales, and delivery. QPR Software Plc's Executive Management Team comprises of Matti Kanninen, CEO (the chairman); Jari Jaakkola, SVP Business Operations (starting August 1st, 2006); Teemu Lehto, VP Professional Services; Petri Leino, VP Nordic Sales; Ritva Lindqvist, CFO; and Tony Virtanen, Product Management Director. CORPORATE GOVERNANCE QPR Software Plc complies with the Helsinki Exchanges' Guidelines for Insiders entered into force on 1 January 2006 and the Recommendation on Corporate Governance entered into force on 1 July 2004. The Company's Corporate Governance Statement is available in the Investor sector of the Company's website. FUTURE OUTLOOK According to industry research institutes? public forecasts, the global annual sales growth for enterprise software applications and especially for business performance management and business process management applications will in average reach approximately 10% annually in years 2006-2009. The growth of QPR Software Group?s net sales in year 2006 is estimated to be significantly faster than the global growth of enterprise software applications and especially business performance management and business process management applications. The Group?s operating profit is estimated to increase on the previous year. In 2006, the QPR Software Group aims to continue its sales growth in both domestic and international markets. The most significant investments this year will be focused on the following markets: Finland, Sweden, Britain, United States, South Africa, and Japan. In 2005, these markets accumulated in total of 67% of the net sales of QPR Software, and the Group believes there is significant further growth potential in these markets. QPR Software is determined to strengthen its distribution channel, service level and delivery capabilities in these markets. The Company aims at strengthening its product offering portfolio by establishment of business alliances with selected software product vendors, and by investments into its internal product development. The Company?s product development will continue to focus on developing ready-to-run software products for business performance management and business process management. Product versions will be released to offer added value through expansion to new solution areas, and by introducing further versatility of product functionality. In addition, the Company intends to follow the developments in the re-structuring of software industry, and aims to actively participate in it. In Helsinki, Finland, July 26th, 2006 Board of Directors of QPR Software Plc Vesa-Pekka Leskinen, Chairman of the Board Teemu Malmi Jane Moilanen Asko Piekkola Topi Piela Matti Kanninen, CEO QPR Software Plc?s next interim report 1-9/2006 will be published on Wednesday, October 25, 2006 For more information, please contact: QPR SOFTWARE PLC Matti Kanninen, CEO Tel. 040... matti.kanninen@qpr.com http://www.qpr.com Enclosed: Financial statements of QPR Software Plc Income statements 1.1.-30.6.2006 Balance sheet 30.6.2006 Cash flow statement 1.1.-30.6.2006 Statement of changes in shareholders equity 1.1.-30.6.2006 Profit statements per quarter Commitments and contingent liabilities Key figures 1-6/2006, 1-6/2005 and 1-12/2005 Major shareholders GROUP INCOME STATEMENT 1.1.-30.6.2006 (EUR 1000) 4-6/ 4-6/ 1-6/ 1-6/ 1-12/ 2006 2005 2006 2005 2005 Net sales 2 081 1 652 3 752 3 240 6 364 Other operating income 2 3 161 17 181 Material and services 273 64 393 133 315 Employee benefits expenses 960 855 1 907 1 600 3 198 Depreciation 49 52 98 106 199 Other operating expenses 572 486 1 055 1 031 1 983 OPERATING PROFIT 228 198 460 387 849 Finance income and expenses 8 -1 33 15 56 PROFIT BEFORE TAX 236 197 494 402 905 Income taxes -53 -41 -124 -88 -216 PROFIT FOR THE PERIOD 184 156 370 314 690 Sharing of profit: To the parent company?s shareholders 184 156 370 314 690 Earnings per share (diluted), EUR 0.03 0.03 0.06 Earnings per share, EUR 0.03 0.03 0.06 Income taxes are calculated on the basis of profit before taxes for January-June 2006. GROUP BALANCE SHEET June 30, 2006 (EUR 1000) 30.6.2006 30.6.2005 31.12.2005 NON-CURRENT ASSETS Tangible assets 290 132 244 Other intangible assets 131 160 120 Trade and other receivables 266 307 264 Deferred tax assets 64 296 190 NON-CURRENT ASSETS 752 896 818 CURRENT ASSETS Trade and other receivables 3 197 2 511 3 030 Cash and cash equivalents 1 748 1 432 1 582 CURRENT ASSETS 4 945 3 943 4 612 TOTAL ASSETS 5 697 4 838 5 430 EQUITY AND LIABILITIES (EUR 1000) SHAREHOLDERS' EQUITY Share capital 1 341 1 330 1 335 Share premium 189 176 181 Issue of shares 21 21 21 Reserve fund -52 112 -48 Translation differences 729 73 602 Retained earnings 2 228 1 712 2 091 PARENT COMPANY'S SHAREHOLDERS' 2 228 1 712 2 091 INTEREST NON-CURRENT LIABILITIES Interest-bearing liabilities 476 796 550 NON-CURRENT LIABILITIES 476 796 550 CURRENT LIABILITIES Trade and other payables 2 993 2 309 2 528 Interest-bearing liabilities 0 21 260 CURRENT LIABILITIES 2 993 2 330 2 788 LIABILITIES 3 470 3 126 3 339 TOTAL EQUITY AND LIABILITIES 5 697 4 838 5 430 GROUP CASH FLOW STATEMENT (EUR 1000) 1-6/ 1-6/ 1-12/ 2006 2005 2005 CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period 370 314 690 Adjustment for the profit Deprecation 98 106 199 Other income and expenses -102 173 373 Changes in working capital: Changes in trade and other -44 349 -222 receivables Changes in trade payables and 294 495 747 other liabilities Interest expense and other financial expenses 7 -20 -41 Interest income and other financial income 26 78 97 Income taxes paid 2 -22 -43 Net cash from operating activities 650 1473 1800 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of tangible assets -93 -52 -195 Purchases of intangible assets -62 -13 -34 Net cash used in investing activities -155 -65 -229 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of share capital 13 7 18 Repayments of financial leases -2 -16 -33 Repayments of long term borrowings -98 -734 -741 Dividends paid -243 0 0 Net cash used in financing activities -330 -743 -756 Net change in cash and cash equivalents 166 665 815 Cash and cash equivalents at the beginning of period 1 582 767 767 Cash and cash equivalents At end of period 1 748 1432 1 582 GROUP STATEMENT OF CHANGES IN SHAREHOLDERS?EQUITY 1.1.-30.6.2006 Share- Trans- holders Share Share lation Retained (EUR 1.000) equity issue premium differ. earnings Total EQUITY 1.1.2006 1 335 0 203 -48 602 2 091 Shares issued 6 6 Share premium 7 7 Dividends paid -243 -243 Translation differences -4 -4 Profit for the period 370 370 CHANGE IN SHAREHOLDERS' EQUITY 1-6 6 0 7 -4 127 136 EQUITY 30.6.2006 1 341 0 210 -52 729 2 228 GROUP STATEMENT OF CHANGES IN SHAREHOLDERS?EQUITY 1.1.-30.6.2005 Share- Trans- (EUR 1.000) holder Share Share lation Retained Total equity issue premium differ. earnings EQUITY 1.1.2005 1 327 0 194 51 -112 1 459 Shares issued 3 3 Share premium 4 4 Employees options 16 16 Translation -85 -85 differences Profit for the period 315 315 CHANGE IN SHAREHOLDERS' EQUITY 1-6 3 0 4 -85 331 253 EQUITY 30.6.2005 1 330 0 198 -36 219 1 712 GROUP STATEMENT OF CHANGES IN SHAREHOLDERS?EQUITY 1.1.-31.12.2005 Share- Trans- (EUR 1.000) holders Share Share lation Retained Total equity issue premium differ.earnings EQUITY 1.1.2005 1 327 0 194 51 -112 1 459 Shares issued 8 8 Share premium 10 10 Employees options 24 24 Reserve fund -1 -1 Translation -99 -99 differences Profit for the period 690 690 CHANGE IN SHAREHOLDERS' EQUITY 1-12 8 0 9 -99 714 633 EQUITY 30.12.2005 1 335 0 203 -48 602 2091 COMMITMENTS AND CONTINGENT LIABILITIES (EUR 000) 30.6.2006 31.12.2005 Commitments and contingent liabilites Guarantees 0 0 Lease leabilities 37 37 Total 37 37 Current lease liabilities Lease liabilities maturing during one year 19 20 Lease liabilities maturing 2-5 years 26 24 Total 45 44 Total commitments and contingent liabilities 82 81 INCOME STATEMENT PER QUARTER 1-3/ 1-3/ 4-6/ 4-6/ 7-9/ 10-12/ (EUR 1000) 2006 2005 2006 2005 2005 2005 Net sales 1 671 1 588 2 081 1 652 1 319 1 805 Other operating income 159 14 2 3 16 149 Material and services 120 69 273 64 94 88 Employee benefits expenses 948 745 960 855 758 841 Depreciation 48 53 49 52 50 43 Other operating expenses 482 545 572 486 431 521 Operating profit 232 189 228 198 2 461 Financial income/expenses 25 16 8 -1 7 33 Profit before tax 257 205 236 197 9 494 Income tax -71 -48 -53 -41 -1 -126 Profit for the period 186 158 184 156 8 368 KEY FIGURES EUR (000) 1-6/ 1-6/ 1-12/ 2006 2005 2005 Net sales 3 752 3 240 6 364 Growth of net sales % 15.8 14.0 18.0 Operating profit 460 387 849 % of net sales 12.3 11.9 13.3 Profit or loss before tax 494 402 905 % of net sales 13.2 12.4 14.2 Net Profit 370 314 690 % of net sales 9.9 9.7 10.8 Return on equity,% 17.1 19.8 38.9 Return on investment,% 17.4 16.0 32.0 Interest bearing liabilities 476 817 811 Cash and cash equivalents 1 748 1 432 1 582 Net liabilities -1 271 -615 -771 Equity 2 228 1 712 2 091 Gearing,% -57.1 -35.9 -36.9 Equity ratio, % 56.1 45.8 52.4 Total balance sheet 5 697 4 838 5 430 Investment in non-current assets 155 64 229 % of net sales 4.1 2.0 3.6 Research and development expenses 687 641 1 324 % of net sales 18.3 20.8 20.8 Personnel average for period 56 46 48 Personnel at the beginning of 56 42 40 period Personnel at the end of period 56 49 56 Earnings per share ,e 0.03 0.03 0.06 Earnings per share /diluted), e 0.03 0.03 0.06 Equity per share, e 0.18 0.14 0.17 MAJOR SHAREHOLDERS as at 30, June 2006 %-share Number of Shares and shares votes Ulkomarkkinat Oy 1 600 000 13.13 % Alesco S.A 1 300 000 10.67 % Vesa-Pekka Leskinen 851 400 6.99 % + Kauppamainos Oy 707 700 5.81 % Total 1 559 100 12.79 % Kari Junkkonen 515 766 4.23 % Fortel Invest Oy 457 526 3.75 % Jouko Pelkonen 345 000 2.83 % Pohjolan Rahoitus Oy 402 000 3.30 % Electrosale Oy 284 000 2.33 % Total 1 031 000 8.46 % Fides New Media, sij.rahasto 376 000 3.09 % Asko Piekkola 316 438 2,60 % P?ivi Marttila 293 072 2.40 % Edina Oy 33 900 0.28 % Total 326 972 2.68 % Jaakkola Jari 250 000 2.05 % Value FM Oy 50 000 0.41 % Total 300 000 2.46 % P??kk?nen Esa 246 054 2.02 % Promotion Bridge I KY 225 000 1.85 % Other shareholders 3 933 167 32.27 % Total 12 187 023 100 %