QPR Software - Company Announcement

IMPLEMENTATION OF STREAMLINING PROGRAM IN QPR SOFTWARE

QPR SOFTWARE PLC      STOCK EXCHANGE RELEASE 2 MARCH, 2016  AT 5:00 P.M

IMPLEMENTATION OF STREAMLINING PROGRAM IN QPR SOFTWARE

QPR Software has completed co-determination negotiations that it started in
February with its personnel. As a result of the negotiations, the Company
reduces its annual expenses by approximately EUR 0.7 million. Of the total, EUR
0.1 million is executed by reducing external purchases and EUR 0.6 million
through personnel reductions. The streamlining is deemed necessary, since
internationalization of the Company´s software products requires investments. 

The measures will lead to reduction of 7 permanent employees through
redundancies and 2 lay-offs. The implementation of the measures is initiated
immediately and personnel reductions have financial and production-related
groundings. Initially, in the beginning of the negotiations, the Company
estimated that personnel reduction need would be 9 employees. 

In 2016, the measures are expected to reduce expenses by approximately EUR 0.4
million after special items. 

QPR SOFTWARE PLC

Further information:

Jari Jaakkola, CEO
Tel. +358 (0) 40 5026 397

DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Main Media
www.qpr.com

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