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.

1,750,000 shares were purchased from SoftM’s core shareholders. The purchase price of a single share was 3.45 EURO, and in total 6,037,500 EURO. Purchased shares constitute 35.14 % of SoftM’s share capital and entitle Comarch Software AG to 1,750,000, i.e. 35.14 % of votes at the annual general meeting of SoftM Software und Beratung AG. Additionally, ComArch Software AG purchased 1,500,000 shares in increased share capital of SoftM. Following registration of the increase in SoftM’s share capital, ComArch Software AG will hold 3,250,000 shares, which will constitute 50.15 % of SoftM’s share capital. This will entitle it to 3,250,000, i.e. 50.15 % of votes at SoftM’s annual general meeting. The total balance sheet value of purchased assets is 11,212,500.00 EURO.

Having attained a controlling position exceeding 30% in the voting rights upon signing the share purchase agreements, ComArch Software AG is legally required to launch a mandatory takeover offer to SoftM-shareholders, according to the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz). The offered purchase price of one share is 3.45 EURO. ComArch Sofware AG purchased the above-mentioned shares with loans acquired via internal means of ComArch S.A. (issuer) and Bonus Management Sp. z o.o. SKA (a subsidiary of ComArch S.A.)

SoftM Software und Beratung AG is a leading provider and an integrator of IT solutions in Germany (especially for small and medium-sized industry). This is a long-term investment, and it is planned for SoftM to continue its activities according to its profile.

There are no connections between the issuer, ComArch Software AG, managing and supervising persons of issuer and vendors of SoftM’s assets, SoftM and managing personnel at SoftM.

The share acquisitions were considered significant as ComArch Software AG’s share capital of SoftM now exceeds 20 %.