Pursuant to art. 395 § 1 and art. 399 § 1 of the Commercial Companies Code and pursuant to § 14 of the Company's Statute, the Management Board of ComArch S.A. hereby convenes Annual General Shareholders Meeting of ComArch S.A., to be held at 09:00 o'clock on June 28th 2006, at Aleja Jana Pawla II 39A in Krakow, Poland:

The agenda of the Meeting:
1. Opening of the Meeting.
2. Election of the Chairman of the Meeting.
3. Election of the Returns Committee.
4. Voting on agenda of the Meeting.
5. Speech of the Chairman of the Company's Board of Supervisors
6. Speech of the President of the Company's Management Board.
7. Consideration of the report of the Company's authorities and the Company's financial statement and the consolidated financial statement for the fiscal year 1.01.2006 - 31.12.2006.

8. Voting on the resolutions on:
1) approving the Company's financial statement for the fiscal year 1.01.2006 - 31.12.2006;
2) approving the report of the Management Board regarding the activities of the Company in 2006;
3) approving the activity report of the Company's Board of Supervisors for the fiscal year 1.01.2006 - 31.12.2006 and audit of the Company's financial statement and audit of the report of the Management Board regarding Company's activities in 2006;
4) approving the financial statement of the Capital Group for the fiscal year 1.01.2006 - 31.12.2006;
5) approving the report of the Management Board of ComArch S.A. regarding the activities of the Capital Group in 2006;
6) approving the report of the Company's Supervisors Board of  the audit of the consolidated financial statement of the Capital Group and of the report of the Management Board regarding the activities of the Capital Group in 2006;
7) distribution of the Company's net profit for the fiscal year 1.01.2006 - 31.12.2006
8) acknowledging the fulfilment of duties by the members of the Management Board in the fiscal year 1.01.2006 - 31.12.2006;
9) acknowledging the fulfilment of duties by the members of the Board of Supervisors in the fiscal year 1.01.2006 - 31.12.2006;
10) distribution of the net profit for the period 1.01.2004 - 31.08.2004 (net profit of ComArch Kraków S.A. and CDN - ComArch S.A., consolidated with the Company on 31 August 2004);
11) covering of negative equity that arose as a result of consolidation of the Company with ComArch Kraków S.A. and CDN - ComArch S.A. carried on 31.08.2004;
12) transfer of reserve capital to supplementary capital;
13) election of the Company's Board of Supervisors;
14) election of the Company's Management Board;
15) changes in the Company's Statute;
16) change in the managerial option programme for members of the board and key employees that was established with the resolution of annual general meeting on 30 June 2005;
17) passing a new managerial option programme for members of the board and key employees to be executed in 2008-2010.
9. Closing of the Meeting. 

Pursuant to art. 402 § 1 of the Commercial Companies Code, the Company herby informs that

1. previous article 8, section 4 of the Company's Statute:
"4. In case of disposing of registered preferential shares for the benefit of persons who were not shareholders of the Company on 18 March 1998, specific rights for voting in the General Meeting related to it expire."
is worded as follows:
"4. Disposal of registered preferential share results in expiration of specific rights for voting in the General Meeting related to it, whereat the following circumstances doesn't result in expiration of specific rights for voting in the General Meeting related to it:
a) disposal for the benefit of persons who were shareholders of the Company on 18 March 1998,
b) disposal for the benefit of descendants of a disposer,
c) conveying property of a registered share as a result of succession."

2. previous article 9, section 3 of the Company's Statute:
"3. In the period by 29 June 2007, the Management Board is authorised to increase the share capital by the amount of 1,100,000.00 PLN (in words: one million one hundred thousand) (the target capital). "
is worded as follows:
"3. In the period by 27 June 2010, the Management Board is authorised to increase the share capital by the amount of 1,100,000.00 PLN (in words: one million one hundred thousand) (the target capital)."

At the same time, the Management Board of ComArch S.A. hereby informs, that registered deposit certificates or certificates of placing of the shares on deposit, which entitle to participation in AGM, should be deposited till 20 June 2007 by 5 o'clock p.m. in the Company's headquarters at Jana Pawla II 39 A in Krakow, Poland.