QPR Software - Company Announcement

QPR SOFTWARE PLC'S BOARD OF DIRECTORS HAS RESOLVED ON A NEW INCENTIVE PLAN FOR MANAGEMENT

Helsinki, 2011-03-25 16:00 CET (GLOBE NEWSWIRE) -- QPR SOFTWARE PLC            
                STOCK EXCHANGE RELEASE       25 MARCH 2011, AT 5.00 P.M. 

QPR SOFTWARE PLC'S BOARD OF DIRECTORS HAS RESOLVED ON A NEW INCENTIVE PLAN FOR
MANAGEMENT 

QPR Software's Board of Directors has approved a new share-based incentive plan
for the Group's executive management team. The plan aims to align the
objectives of shareholders and key employees to increase shareholder value, to
commit key employees to the company and to offer them a competitive reward plan
based on ownership of shares in the company. 

The plan includes three one-year earning periods, which are the calendar years
2011, 2012 and 2013. The company's Board of Directors will decide on the
earning criteria and the targets to be established for them at the beginning of
each earning period. Any bonus for the earning period 2011 will be based on QPR
Software's consolidated net sales growth and operating profit. 

Any bonuses for the earning period 2011 will be paid in 2012, for the earning
period 2012 in 2013 and for the earning period 2013 in 2014. Bonuses will be
paid partly in the form of company shares (50%) and partly in cash (50%).  The
proportion to be paid in cash is primarily aimed at covering taxes and
tax-related costs arising from the bonus. 

The bonus payable on the basis of the plan during three years, including
company shares and cash, will not exceed two years' gross salary of the key
person concerned. The maximum number of shares to be conveyed on the basis of
the plan for all earning periods 2011-2013 is approximately 700,000. The
company may use its own shares for conveyance. On 25 March 2011, the Company
held 349,000 its own shares. 

The shares may not be transferred during the lock-up period, which will end on
31 March, 2014. Should a person's employment or service in a group company end
during the lock-up period, he or she must return, gratuitously, the received
bonus to the company. Members of the executive management team must hold shares
also after the lock-up period. The shares received on the basis of the plan may
not be transferred, if the value of his or her shareholding in the Company is
less than 50% of his or her annual salary. This restriction is valid for as
long as his or her employment or service in a group company continues. 

In addition to this incentive plan, the Company has a separate bonus system
that covers the whole personnel. 

QPR Software Plc
BOARD OF DIRECTORS

For further information, please contact
Vesa-Pekka Leskinen,
Chairman,
tel. +358 40 5000 9830

www.qpr.com

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.