QPR Software - Company Announcement

SUBSCRIPTION OF QPR SOFTWARE PLC SHARES WITH OPTION RIGHTS AS PER STOCK OPTION 2003/II, 2003/III AND 2005/I

QPR SOFTWARE PLC   STOCK EXCHANGE ANNOUNCEMENT   MAY 25, 2007 AT 3.15 PM

SUBSCRIPTION OF QPR SOFTWARE PLC SHARES WITH OPTION RIGHTS
AS PER STOCK OPTION 2003/II, 2003/III AND 2005/I

The number of shares subscribed by 25 May 2007 under the QPR Software Plc Stock
Option Plan 2003/II, 2003/III and 2005/I with the hitherto unconverted options
amounts to 119,599 shares in the said company, the price at issue being in
total EUR 49,443.36. The issue price of the shares with regard to the Stock
Option Plan 2003/II was EUR 0.30 per share, to the Stock Option Plan 2003/III
was EUR 0.19 per share and to the Stock Option Plan 2005/I was EUR 0.64 per
share. The period for subscription of shares through option rights 2003/II and
2003/III commenced on 30 September, 2004 and through option rights 2005/I on 1
November 2006. The period for subscription of shares through option rights
2003/II and 2003/III shall expire on 31 December, 2008 and subscription period
of 2005/I expired on 15 February 2007. As a result of the subscription the
liquidity of the company improved by EUR 49,443.36. 

After registration of the increase the company's share capital amounts to EUR
1,359,089.93 and is divided into 12,355,363 shares, the book-counter value
being EUR 0.11. The new shares entitle holders to dividends for the current
financial year and yield other shareholder entitlements when the share capital
has been duly registered on the Trade Register. 

The subscription of shares is based on the decision taken at the Extraordinary
General Meeting of QPR Software Plc of 22 July 2003 to offer the current CEO
and members of the Board of Directors option rights under Stock Option Plan
2003/II and the resolution of the Board of Directors of QPR Software Plc on 1
October 2003, by authorization of the Extraordinary General Meeting of
Shareholders on 22 July 2003, to issue the personnel stock option rights under
Stock Option Plan 2003/III, and the decision taken at the General Meeting of
QPR Software Plc of 15 March 2005 to offer managing directors, members of the
Board of Directors and management group as well as key personnel of QPR
Software Plc and its subsidiaries option rights under Stock Option Plan 2005/I.
Stock Option Plan 2003/II comprises a total of 259,408 option rights, Stock
Option Plan 2003/III comprises a total of 518,790 option rights and Stock
Option Plan 2005/I comprises a total of 200,000 option rights. Each option
entitles its holder to convert one QPR Software Plc share. 

There are no more stock options of the stock option program 2003/II and 2005/I
unconverted or in the possession of QPR Software Plc or any of its
subsidiaries. Based on stock option program 2003/III, in total of 202,500
hitherto unconverted stock options have been issued, and in total of 121,290
stock options are in the possession of the Company's subsidiary, to be given to
present and future employees and management. 

The company aims to register the increase of the company's share capital on the
Trade Register and to apply for listing of the new shares on the Helsinki
Exchanges together with the old shares by 12 June 2007. 

QPR SOFTWARE PLC

Board of directors

Further information:
Mr. Vesa-Pekka Leskinen, Chairman of the Board,
tel. +358 (0)40 500 9830
http://www.qpr.com

DISTRIBUTION
Helsinki Stock Exchange
Main media

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