Investor Reports

Pursuant to &5 sec. 1 pt. 3 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, the Management Board of ComArch S.A. announces that received two contracts between ComArch S.A. (hereinafter referred to as the \"ComArch\") and Ogólnopolska Fundacja Edukacji Komputerowej (hereinafter referred to as the \"OFEK\").

Pursuant to &5 sec. 1 pt. 3 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, the Management Board of ComArch S.A. announces that on 30 April 2007, a contract between ComArch S.A. (hereinafter referred to as the \"ComArch\") and Ministry of National Education with its registered seat in Warsaw, at Al. Szucha 25 (hereinafter referred to as the \"MNE\") was signed.

Pursuant to &5 sec. 1 pt. 9) 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, the Management Board of ComArch S.A. announces that on 23 April 2007 received notice concerning registration on 20 April 2007 by the District Court for Kraków-Sródmiescie, XI Economic Division of the National Court Register of increase in ComArch S.A.\'s share capital to the amount of 7,960,596 PLN.

ComArch S.A. announces that on 23 April 2007 received notice concerning registration on 20 April 2007 by the District Court for Kraków-Sródmiescie, XI Economic Division of the National Court Register of changes in the company\'s Statute.

Pursuant to Art. 65, sec 1 of the Act concerning public tenders, the terms of introducing and trading financial instruments on the stock exchange as well as public companies, the Management Board of ComArch S.A. hereby presents the list (8,9kB) of ComArch S.A.\'s current reports and financial statements made public in 2006.

Pursuant to &33 sec. 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 details of the subscription:

Pursuant to &5 sec. 1 pt. 3) 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 and due to the fact that on 6 April 2007, an Annex no. 2 to an Agreement on multipurpose and multicurrency credit line dated 3 June 2005 (the company announced details in current report no. 19/2005) between ComArch S.A. and Bank BPH S.A. with its registered seat in Krakow was signed, ComArch S.A.\'s Management Board announces that during last 12 months the company signed with Bank BPH S.A. agreements that in total fulfil the significant agreement\'s criterion.

Pursuant to Art. 56 sec. 1 pt 1) of the Act concerning public tenders, the terms of introducing and trading financial instruments on the stock exchange as well as public companies, ComArch S.A.\'s Management Board announces that on 14 March 2007 the company\'s Board of Supervisors passed a resolution no. 1/2/2007 concerning changes in a resolution no. 1/2/2007 dated 12 February 2007 concerning execution of managerial option programme (the company announced that in current report no. 4/2007).