Investor Reports

ComArch S.A.’s Management Board announced that on 13th November, 2008, ComArch Software AG, with its registered seat in Dresden (subsidiary of ComArch S.A.), purchased 3,250,000 shares (nominal value of 1 EURO each) in SoftM Software und Beratung AG, with its registered seat in Munich, Germany (hereinafter referred to as the “SoftM”), for the total amount of 11,212,500.00 EURO.

Pursuant to &5 sec. 1 pt. 3 of the Regulation issued by the Minister of Finance on October 19th, 2005, concerning current and periodical information pertaining to companies traded on the stock exchange, the Management Board of ComArch S.A. announces that on November 5th 2008, a contract between Ministry of National Education, with its registered seat in Warsaw, at Al. Szucha 25 (hereinafter referred to as the “MNE”) and consortium of Young Digital Planet S.A., with its registered seat in Gdańsk, ul. Słowackiego 175, ComArch S.A. with its registered seat in Krakow, Al. Jana Pawła II 39A, and Ogólnopolska Fundacja Edukacji Komputerowej with its registered seat in Wroclaw, ul. Poziomkowa 12 (hereinafter referred to as the “Consortium”) was signed.

ComArch S.A. Management Board announces that on 31 October 2008, pursuant to art. 160 sec. 1 pt 1 of the Act on Trading in Financial Instruments (Journal of Laws, no. 183, pos. 1538 and changes to this act), according to § 2 sec. 1 of the Regulation issued by the Minister of Finance on 15 November 2005 concerning information on some transactions in financial instruments and principles of preparing and administrating the list of persons who can have some specified confidential information (Journal of Laws, no. 229, pos. 1950), received an information about purchases of ComArch S.A. shares.

ComArch S.A.’s Management Board announces that the corrected, consolidated financial statement for the two quarters of 2008 will be published today.

Pursuant to &5 sec. 1 point 1 of the Regulation issued by the Minister of Finance on 19 October 2005 concerning current and periodical information pertaining to companies traded on the stock exchange ComArch S.A.’s Management Board announces that on 18 September 2008 limited liability company was registered under the company name of ComArch R&D S.A.R.L. with its registered seat in Montbonnot-Saint-Martin, in France.

The Management Board of ComArch S.A. reports that with the resolution no. 1/8/2008, dated 7 August 2008, the Supervisory Board of ComArch S.A selected Deloitte Audyt Sp. z o. o. to audit and review the financial statements and the consolidated financial statements of ComArch S.A.

ComArch S.A.’s Management Board informs that on 11 August 2008 received notice, dated 28 July 2008, concerning registration by the District Court for Kraków-Śródmieście, XI Economic Division of the National Court Register of changes in the company’s Statute resolved by the General Meeting on 25 June 2008.

Management Board of ComArch S.A. reports that accordingly to the list of shareholders participating the Annual General Shareholders Meeting of ComArch S.A. on 25 June 2008, Elzbieta Filipiak and Janusz Filipiak as well as BZ WBK AIB Towarzystwo Funduszy Inwestycyjnych S.A. on behalf of Arka BZ WBK Balanced Open Investment Fund, Arka BZ WBK Stable Growth Open Investment Fund, Arka BZ WBK Share Open Investment Fund, Lukas Open Investment Fund - Lukas Share Sub-fund, Lukas Open Investment Fund - Lukas Polish Dynamic Sub-fund, Lukas Open Investment Fund - Lukas Balanced Growth Sub-fund held at least 5 % of the total number of votes represented at this Meeting: