The Management Board of Comarch S.A. announces that on the 16th of March, 2017 Comarch S.A., has signed the letters of intent with Geopolis sp. z o.o. and it’s shareholders aimed at setting conditions to carry out the following transactions:

a. the disposal of 100% of shares in Geopolis sp. z o.o. for Comarch S.A.,
b. the acquisition by Comarch S.A. of the whole copyrights to the ERGO software which belongs to the Geopolis sp. z o.o.,
c. the recapitalization of Geopolis sp. z o.o. by Comarch S.A.

The above-mentioned transactions will be carried out once the relevant conditions set out in the letters of intent have been fulfilled and the agreement on others terms has been reached until 31st of March, 2017. The total value of the transactions will not exceed PLN 8.05 million.

The parties agreed that, they can decide to withhold to carry out all or part of the transactions for any reason whatsoever. Signing the letters of intent does not constitute a financial liability to any party.

This information was considered by the Issuer as inside information due to its unusual character in relation to the operational activities of the company.