The Management of ComArch SA provides the current report on the contents of resolutions passed by the General Assembly of Shareholders on 30 June 2005.

RESOLUTION NO. 1 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: appointing the Chairperson of the General Meeting of Shareholders.


The General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow on the basis of Article 409 Para 1 of the Commercial Companies' Code appoints Mr. Pawel Prokop as the Chairman of the General Meeting of Shareholders.

RESOLUTION NO. 2 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: deleting Point 3 from the Agenda on appointment of the Returning Committee.


The General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow decides to delete from the Agenda Point 3 on appointment of the Returning Committee.

RESOLUTION NO. 3 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the agenda.


The General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow approves of the presented agenda.

RESOLUTION NO. 4 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the financial statement of ComArch S.A. for the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 1 of the Commercial Companies' Code and Article 15 Clause 1) of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting approves of the financial statement for the accounting year from 1 January 2004 to 31 December 2004, consisting of the following:
1) The balance sheet prepared on 31 December 2004, in which assets and liabilities give the amount of PLN 252,283 thou.;
2) The profit and loss account for the period from 1 January 2004 to 31 December 2004, giving net profit of PLN 8,399 thou.;
3) The summary of changes in own capital for the accounting year from 1 January 2004 to 31 December 2004 giving increase in own capital by PLN 1,323 thou..
4) The cashflow statement giving decrease in net cash for the period from 1 January 2004 to 31 December 2004 by the amount of PLN 8,748 thou.;
5) The supplementary information.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 5 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the Management report on activities of the Company for the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 1 of the Commercial Companies' Code and Article 15 Clause 1) of the Statute of the Company, the General Meeting of Shareholders of ComArch S.A. passes what follows:
Para 1.
The General Meeting of Shareholders approves of the report of the Management on activities of the Company for the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 6 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the report of the Supervisory Board on activities for the accounting year 1 January 2004 - 31 December 2004 and auditing the financial statement of the Company and the Management report on activities of the Company for the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 1 of the Commercial Companies' Code and Article 15 Clause 3) of the Statute of the Company, the General Meeting of Shareholders of ComArch S.A. passes what follows:
Para 1.
The General Meeting of Shareholders approves of:
1. The report of the Supervisory Board on activities in 2004, including assessment of the Company's situation,
2. The report from auditing the financial statement of ComArch S.A. and the Management report on activities of the Company for the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 7 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the consolidated financial statement of ComArch S.A. for the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 1 of the Commercial Companies' Code and Article 15 Clause 1) of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting approves of the consolidated financial statement for the accounting year from 1 January 2004 to 31 December 2004, consisting of the following:
1) The consolidated balance sheet prepared on 31 December 2004, in which assets and liabilities give the amount of PLN 271,988 thou.,
2) The consolidated profit and loss account for the period from 1 January 2004 to 31 December 2004, giving net profit of the capital Group in the amount of PLN 14,026 thou.,
3) The summary in the consolidated own capital, giving increase in own capitals by the amount of PLN 13,760 thou.,
4) The consolidated cashflow statement, giving decrease in net cash for the period from 1 January 2004 to 31 December 2004 by PLN 16,121 thou.,
5) The supplementary information.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 8 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the Management report on activities of the ComArch capital Group for the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 1 of the Commercial Companies' Code and Article 15 Clause 1) of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting approves of the report of the Management on activities of the ComArch capital Group for the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 9 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the report of the Supervisory Board from auditing the consolidated financial statement of ComArch S.A. and the Management report on activities of the ComArch Capital Group for the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 1 of the Commercial Companies' Code and Article 15 Clause 3) of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting approves of the report of the Supervisory Board from auditing the consolidated financial statement of ComArch S.A. and of the Management report on activities of the ComArch Capital Group for the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 10 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: allocating net profit for the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 395 Para 2 Clause 2 of the Commercial Companies' Code, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting determines that the net profit generated in the accounting year from 1 January 2004 to 31 December 2004 in the amount of PLN 8,399,088.83 (say: eight million three hundred and ninety nine thousand eighty eight Polish Zloty eighty three grosch) shall be allocated in entirety for the supplementary capital.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 11 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Janusz Filipiak, President of the Management, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Janusz Filipiak, President of the Management, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 12 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Rafal Chwast, Deputy President of the Management, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Rafal Chwast, Deputy President of the Management, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 13 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Tomasz Maciantowicz, Deputy President of the Management, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Tomasz Maciantowicz, Deputy President of the Management, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 14 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Pawel Prokop, Deputy President of the Management, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Pawel Prokop, Deputy President of the Management, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 15 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Pawel Przewiezlikowski, Deputy President of the Management, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of Shareholders of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Pawel Przewiezlikowski, Deputy President of the Management, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 16 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Robert Chwastek, Member of the Management, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Robert Chwastek, Member of the Management, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 17 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Christophe Debou, Member of the Management, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Christophe Debou, Member of the Management, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 18 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Zbigniew Rymarczyk, Member of the Management, on execution of his duties in the accounting year 18 June 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Zbigniew Rymarczyk, Member of the Management, on execution of his duties from 18 June 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 19 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Elzbieta Filipiak, Chairwoman of the Supervisory Board for execution of her duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Elzbieta Filipiak, Chairwoman of the Supervisory Board, for execution of her duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 20 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Krzysztof Zielinski, Deputy Chairman of the Supervisory Board, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Krzysztof Zielinski, Deputy Chairman of the Supervisory Board, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004 
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 21 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Maciej Brzezinski, Member of the Supervisory Board, on execution of his duties in the accounting year 1 January 2004 - 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Maciej Brzezinski, Member of the Supervisory Board, on execution of his duties in the accounting year from 1 January 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 22 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Anna Lawrynowicz, Member of the Supervisory Board, for execution of her duties from 30 June 2004 to 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Anna Lawrynowicz, Member of the Supervisory Board, for execution of her duties from 30 June 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 23 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Wojciech Kucharzyk, Member of the Supervisory Board, on execution of his duties from 30 June 2004 to 31 December 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Wojciech Kucharzyk, Member of the Supervisory Board, on execution of his duties from 30 June 2004 to 31 December 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 24 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Marian Noga, Member of the Supervisory Board, on execution of his duties from 1 January 2004 to 30 June 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Marian Noga, Member of the Supervisory Board, on execution of his duties from 1 January 2004 to 30 June 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 25 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Tadeusz Wludyka, Member of the Supervisory Board, on execution of his duties from 1 January 2004 to 30 June 2004.


Acting on the basis of Article 393 Clause 1 and Article 395 Para 2 Clause 3 of the Commercial Companies' Code and Article 15 Clause 3 of the Statute of the Company, the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Tadeusz Wludyka, Member of the Supervisory Board, on execution of his duties from 1 January 2004 to 30 June 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 26 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the financial statement of ComArch Krakow S.A. and of the Management report on activities of ComArch Krakow S.A. for the accounting year 1 January 2004 - 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
1. The General Meeting approves of the financial statement of the ComArch Krakow S.A. Company for the accounting year from 1 January 2004 to 31 August 2004, consisting of the following:
1) The balance sheet prepared on 31 August 2004, in which assets and liabilities give the amount of PLN 40,409 thou.;
2) The profit and loss account for the period from 1 January 2004 to 31 August 2004, giving net loss of PLN 927 thou.;
3) The cashflow statement giving decrease in net cash for the period from 1 January 2004 to 31 August 2004 by the amount of PLN 971 thou.;
4) The supplementary information.
2. The General Meeting approves of the Management report on activities of ComArch Krakow S.A. for the accounting year from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 27 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Janusz Filipiak, Member of the Management of the ComArch Krakow S.A. company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Janusz Filipiak, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 28 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Rafal Chwast, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Rafal Chwast, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 29 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Robert Chwastek, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Robert Chwastek, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 30 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Dariusz Duralek, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Dariusz Duralek, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 31 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Tomasz Maciantowicz, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Tomasz Maciantowicz, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 32 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Tomasz Matysik, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Tomasz Matysik, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 33 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Tomasz Nakonieczny, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Tomasz Nakonieczny, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 34 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Pawel Prokop, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Pawel Prokop, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 35 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Pawel Przewiezlikowski, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Pawel Przewiezlikowski, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 36 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Marek Roy Racieski, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 01 January 2004 to 29 February 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Marek Roy Racieski, Member of the Management of the ComArch Krakow S.A. Company, on execution of his duties from 1 January 2004 to 29 February 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 37 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Monika Wandzel, Member of the Supervisory Board ComArch Krakow S.A., for execution of her duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Monika Wandzel, Member of the Supervisory Board of the ComArch Krakow S.A. company, for execution of her duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 38 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Anna Bluszcz-Balcerowska, Member of the Supervisory Board ComArch Krakow S.A., for execution of her duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Anna Bluszcz-Balcerowska, Member of the Supervisory Board of the ComArch Krakow S.A. company, for execution of her duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 39 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Maria Smolinska, Member of the Supervisory Board ComArch Krakow S.A., for execution of her duties from 01 January 2004 to 31 August 2004


Due to the fact that on 31 August 2004 the merger was registered of the companies of ComArch Krakow S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of ComArch Krakow S.A., the General Meeting passes what follows:
Para 1.
The General Meeting votes acceptance for Maria Smolinska, Member of the Supervisory Board of the ComArch Krakow S.A. company, for execution of her duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 40 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: approving of the financial statement of CDN - ComArch S.A. and of the Management report on activities of CDN - ComArch S.A. for the accounting year 1 January 2004 - 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
1. The General Meeting approves of the financial statement of the CDN - ComArch S.A. company for the accounting year from 1 January 2004 to 31 August 2004, consisting of the following:
1) The balance sheet prepared on 31 August 2004, in which assets and liabilities give the amount of PLN 14,704 thou.;
2) The profit and loss account for the period from 1 January 2004 to 31 August 2004, giving net profit of PLN 2,492 thou.;
3) The summary of changes in own capital for the accounting period from 01 January 2004 to 31 August 2004, giving increase in own capital by the amount of PLN 2,492 thou.;
4) The cashflow statement giving decrease in net cash for the period from 1 January 2004 to 31 August 2004 by the amount of PLN 503 thou.;
5) The supplementary information.
2. The General Meeting approves of the report of the Management on activities of CDN - ComArch S.A. for the accounting year from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 41 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Rafal Chwast, Member of the Management of the CDN - ComArch S.A. company, on execution of his duties from 01 January 2004 to 27 February 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Rafal Chwast, Member of the Management of the CDN - ComArch S.A. company, on execution of his duties from 1 January 2004 to 27 February 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 42 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Pawel Prokop, Member of the Management of the CDN - ComArch S.A. company, on execution of his duties from 01 January 2004 to 27 February 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Pawel Prokop, Member of the Management of the CDN - ComArch S.A. company, on execution of his duties from 1 January 2004 to 27 February 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 43 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Zbigniew Rymarczyk, Member of the Management of the CDN - ComArch S.A. company, on execution of his duties from 27 February 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Zbigniew Rymarczyk, Member of the Management of the CDN - ComArch S.A. company, on execution of his duties from 27 February 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 44 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Dorota Galuszka, Member of the Management of the CDN - ComArch S.A. company, for execution of her duties from 27 February 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Dorota Galuszka, Member of the Management of the CDN - ComArch S.A. company, for execution of her duties from 27 February 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 45 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Szymon Slupik, Member of the Management of the CDN - ComArch S.A. company, on execution of his duties from 27 February 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Szymon Slupik, Member of the Management of the CDN - ComArch S.A. company, on execution of his duties from 27 February 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 46 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Janusz Filipiak, Member of the Supervisory Board of the CDN - ComArch S.A. company, on execution of his duties from 01 January 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Janusz Filipiak, Member of the Supervisory Board of the CDN - ComArch S.A. company, on execution of his duties from 1 January 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 47 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Tomasz Maciantowicz, Member of the Supervisory Board of the CDN - ComArch S.A. company, on execution of his duties from 01 January 2004 to 08 March 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Tomasz Maciantowicz, Member of the Supervisory Board of the CDN - ComArch S.A. company, on execution of his duties from 1 January 2004 to 8 March 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 48 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Monika Wandzel, Member of the Supervisory Board of the CDN - ComArch S.A. company, for execution of her duties from 01 January 2004 to 08 March 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Monika Wandzel, Member of the Supervisory Board of the CDN - ComArch S.A. company, for execution of her duties from 1 January 2004 to 8 March 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 49 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Rafal Chwast, Member of the Supervisory Board of the CDN - ComArch S.A. company, on execution of his duties from 08 March 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Rafal Chwast, Member of the Supervisory Board of the CDN - ComArch S.A. company, on execution of his duties from 8 March 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 50 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: voting acceptance for Pawel Przewiezlikowski, Member of the Supervisory Board of the CDN - ComArch S.A. company, on execution of his duties from 08 March 2004 to 31 August 2004.


Due to the fact that on 31 August 2004 the merger was registered of the companies of CDN - ComArch S.A. and ComArch S.A., as a result of which the ComArch S.A. Company took over the entire equity of the company of CDN - ComArch S.A., the General Meeting of ComArch S.A. passes what follows:
Para 1.
The General Meeting votes acceptance for Pawel Przewiezlikowski, Member of the Supervisory Board of the CDN - ComArch S.A. company, on execution of his duties from 8 March 2004 to 31 August 2004.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 51 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: passing a programme of managerial options for members of the Management and key employees of the Company.
PREAMBLE.


DUE TO THE FACT THAT:
1. Work provided for the Company by members of the Management and key employees of the Company significantly affects financial results and goodwill of the Company,
2. Remuneration of members of the Management and key employees of the Company does not reflect the significance of the activities of these persons for the success of the Company,
3. Maintaining motivation of members of the Management and key employees of the Company is necessary in their efforts for the benefit of development of the Company,
THE FOLLOWING IS HEREBY PASSED:
Para 1. THE MOTIVATIONAL PROGRAMME.
1. The Company hereby establishes a motivational programme for members of the Management and key employees of the Company (called hereafter the "Programme").
2. Members of the Management participating in the Programme:
2.1. Janusz Filipiak,
2.2. Rafal Chwast,
2.3. Tomasz Maciantowicz,
2.4. Pawel Prokop,
2.5. Pawel Przewiezlikowski,
2.6. Zbigniew Rymarczyk,
2.7. Christophe Debou,
(called hereafter "Members of the Management").
3. Key employees of the Company participating in the Programme:
3.1. Krzysztof Kluszczynski,
3.2. Sebastian Kwasny,
3.3. Marek Lagudza,
3.4. Piotr Machnik,
3.5. Piotr Piatosa,
3.6. Wojciech Salwinski,
3.7. Wawrzyniec Sosnowski,
3.8. Marcin Warwas,
3.9. Wojciech Wiercigroch,
3.10. Marek Wojciechowski,
(called hereafter "Key Employees").
4. The objective of the Programme is to create additional motivation for Members of the Management and for Key Employees by way of allocating to authorised persons boni (called hereafter the "Option"), dependent on increase in goodwill of the Company and on increase in net profit of the Company.
5. The programme shall be executed by offering to Members of the Management and Key Employees in the years 2006, 2007 and 2008 newly issued shares of the Company so that in each year the total value of the Option equals to the difference between the average stock exchange closing rate for shares of the Company as of each December during the execution of the Programme, beginning with 2005, and the issue price for shares offered to Members of the Management and to Key Employees.
6. Increase in capitalisation of the Company (called hereafter the "Increase in capitalisation of the Company") shall constitute the basis for calculation of the Option value, calculated as:
6.1. For 2006 - the difference between the average capitalisation of the Company as of December 2005 and the average capitalisation of the Company as of December 2004, which shall be calculated with the average stock exchange closing rate for shares of the Company as of December 2004, which was PLN 69.53 (sixty nine Polish Zloty fifty three grosch),
6.2. For 2007 - as the difference between the average capitalisation of the Company as of December 2006 and the average capitalisation of the Company as of December 2005,
6.3. For 2008 - as the difference between the average capitalisation of the Company as of December 2007 and the average capitalisation of the Company as of December 2006, where the average capitalisation of the Company is the product of the number of shares of the Company and the average stock exchange closing rate for shares of the Company as of the given December.
7. The Option shall be defined in each period of the Programme separately for every one of the following authorised persons:
7.1. Janusz Filipiak - 5% (five per cent) of the increase in capitalisation of the Company,
7.2. Rafal Chwast - 0.4% (zero point four per cent) of the increase in capitalisation of the Company,
7.3. Tomasz Maciantowicz - 0.4% (zero point four per cent) of the increase in capitalisation of the Company,
7.4. Pawel Prokop - 0.4% (zero point four per cent) of the increase in capitalisation of the Company,
7.5. Pawel Przewiezlikowski - 0.4% (zero point four per cent) of the increase in capitalisation of the Company,
7.6. Zbigniew Rymarczyk - 0.4% (zero point four per cent) of the increase in capitalisation of the Company,
7.7. Christophe Debou - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.8. Krzysztof Kluszczynski - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.9. Sebastian Kwasny - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.10. Marek Lagudza - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.11. Piotr Machnik - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.12. Piotr Piatosa - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.13. Wojciech Salwinski - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.14. Wawrzyniec Sosnowski - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.15. Marcin Warwas - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.16. Wojciech Wiercigroch - 0.2% (zero point two per cent) of the increase in capitalisation of the Company,
7.17. Marek Wojciechowski - 0.2% (zero point two per cent) of the increase in capitalisation of the Company.
8. Dismissing a Member of the Management from the function in the Management of the Company or expiry of his term of service, without simultaneous re-appointment into the composition of the Management during the Programme results in expiry of the Programme and loss of rights for acquisition of shares for the year in which the said dismissal or expiry of term of service occurred, as well as for the subsequent years.
9. Termination of the contract of employment between the Company and a Key Employee, irrespective of the legal grounds for this termination, during the Programme, results in expiry of the Programme and loss of rights for acquisition of shares for the year in which this expiry of the contract of employment occurred, as well as in subsequent years.
10. The issue of shares within the Programme shall be executed on the principle of the target capital. The Company shall issue Series A shares for Members of the Management and for Key Employees, following the principles set forth in this resolution, I1 in case of the first issue, I2 in case of the second issue and I3 in case of the third issue, respectively
Para 2. EXECUTION OF THE PROGRAMME
1. On the basis of this resolution, the Company shall conclude an agreement for the managerial option with Members of the Management and Key Employees.
2. The premises for execution of the Option are assessed by the Supervisory Board.
3. By 31 March of each year of the Programme, beginning with 2006, the Supervisory Board of the Company shall:
1) Determine the increase in capitalisation of the Company pursuant to Para 1 Para 6 based on quotations of the Company in the Warsaw Stock Exchange S.A.,
2) Determine the Option value,
3) Determine, following the principles set forth in Para 1 Para 5, the issue price for shares issued within the Programme and determine the number of the issued shares,
4) Approach the Management of the Company for passing a resolution on issuing shares in Series I1, I2 and I3, respectively, defining the detailed parameters of these issues.
4. The Management of the Company is obliged to pass a resolution pursuant to the application of the Supervisory Board referred to in Para 3 Clause 3), within not more than 30 days of the date of passing a corresponding resolution by the Supervisory Board and to ensure submission of the offer for assumption of shares within not more than 150 days of the date of passing the corresponding resolution by the Supervisory Board.
Para 3. DUTIES OF THE SUPERVISORY BOARD AND OF THE MANAGEMENT OF THE COMPANY
1. The Supervisory Board is hereby authorised and obliged to set issue price for shares in Series I1, I2 and I3 and to determine the number of shares which will be issued.
2. The Management of the Company is hereby authorised and obliged to:
a) Pass all activities aimed at introducing Series I1, I2 and I3 shares into public trading in securities;
b) Introduce Series I1, I2 and I3 Shares into trading in the Warsaw Stock Exchange S.A. on the first possible date.
Para 4. FINAL PROVISION
This resolution comes into force on the date it is passed.

The Company informs that the plenipotentiary of the shareholder of the Company under the firm of Commercial Union OFE BPH CU WBK S.A. who reported voting against passing of the Resolution No. 51, filed objection against Resolution No. 51 and demanded its recording.

RESOLUTION NO. 52 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: passing changes in the principles of remunerating members of the Management.


The General Meeting, acting on the basis of Article 15 Clause 8b) of the Statute of the Company, passes what follows:
Para 1.
1. The competency in the scope of defining remuneration on account of the contract of employment for Deputy President of the Management, the Financial Director, shall be assigned to the Supervisory Board.
2. The competency in the scope of defining the amount of the bonus for results for members of the Management who perform the function of Sector Director shall be assigned to the Supervisory Board.
3. Due to submitting resignation from performing the function of the member of the Management by Robert Chwastek, provisions of the valid resolution of the Supervisory Board of ComArch S.A. No. 1/8/2004 of 20 August 2004 are hereby cancelled in the scope referring to registration of Mr. Robert Chwastek.
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 53 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: changes in the Statute of the Company.


The General Meeting of ComArch S.A., acting on the basis of Article 430 Para 1 of the Commercial Companies' Code and Article 15 Clause 10) of the Statute of the Company, passes what follows:
Para 1.
The General Meeting of Shareholders of the Company changes the Statute of the Company so that Article 4 receives the following wording:
"The following is the subject matter of activities of the Company:
1) Advising in the scope of computer hardware,
2) Editorial activities in the scope of software,
3) Other activities in the scope of software,
4) Data processing,
5) Activities related to databases,
6) Maintenance and repair of office and accounting machines and computer hardware,
7) Activities related to other IT issues,
8) Wholesale trading in computers, peripherals and software,
9) Wholesale trading in electronic parts,
10) Retail sales of computers and telecommunications hardware,
11) Retail sales managed by direct mail order entities,
12) Production of computers, other devices for processing information,
13) Production of hardware and radio, television and telecommunications devices,
14) Production of systems for controlling industrial processes,
15) Reproduction of computer information media,
16) Stationary telephony and telegraphy,
17) Mobile telephony,
18) Data transmission,
19) Radiocommunication,
20) Other telecommunications activities,
21) Research and development work in technical sciences,
22) Research and development work in mathematical and physical sciences and in astronomy,
23) Financial leasing,
24) Renting machines, office devices and computer hardware,
25) Renting real estate properties on own account,
26) Purchase and sales of real estate properties on own account,
27) Intermediation in trading in real estate properties,
28) Systematic education for adults and other forms of education,
29) Road transport of goods by mechanical vehicles,
30) Storing and warehousing goods in other depots."
Para 2.
This resolution comes into force on the date it is passed.

RESOLUTION NO. 54 of the General Shareholders' Meeting of the Company under the firm of ComArch Spólka Akcyjna with the office in Krakow of 30 June 2005 on: the principles of corporate order set forth in the document: "Good practices in public companies 2005."
The General Meeting passes what follows:
Para 1.
1. The General Meeting of the Company ComArch Spólka Akcyjna regards observing by the Company and its bodies of the principles of corporate order set forth in the document "Good practices in public companies 2005" justified and beneficial for the Company and for shareholders.
2. The Ordinary General Meeting authorises the Management of ComArch S.A. to submit a statement on "Good practices in public companies 2005" with a view on provisions of the Statute of the Company, its capital structure and in-house regulations in force in the Company.
Para 2.
This resolution shall become effective on the date of its passing.