Pursuant to &5 sec. 1 pt. 3 of the Regulation issued by the Minister of Finance on 19th 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 9th December, 2008, a contract between ComArch Software AG (a subsidiary of ComArch S.A.) and Bank Polska Kasa Opieki SA, with its registered seat in Warsaw (hereinafter referred to as the “Pekao”) was signed.

Within the framework of the contract, Pekao issue a bank guarantee where it undertakes to pay Baader Bank AG, Weihenstephaner Str. 4 D-85716 Unterschleissheim, Germany, the guarantee amount of up to 11,143,500.00 EURO (in writing: eleven million, one hundred and forty-three thousand, five hundred euro) that shall be valid until 8th March, 2009 (hereinafter referred to as the “Guarantee”). The Guarantee is a security for payment for SoftM Software und Beratung AG shares that may be purchased by ComArch Software AG within the framework of a call for sale of shares declared by ComArch Software AG according to German law (Wertpapiererwerbs- und Übernahmegesetz. ComArch S.A. declared this duty in current report no. 28/2008 dated 14th of November, 2008. The value of the company’s total equity constitutes the significant agreement’s criterion.

In relation to § 5 sec. 1 pt. 7 of the Regulation issued by the Minister of Finance on 19th October, 2005, concerning current and periodical information pertaining to companies traded on the stock exchange, the Management Board of ComArch S.A. also announces that ComArch S.A. granted a suretyship for liabilities of  ComArch Software AG in relation to the Guarantee. The total amount of the suretyship is 11,143,500.00 EURO (in writing: eleven million, one hundred and forty-three thousand, five hundred euro). The Issuer and ComArch Software AG have joint and several liability. Suretyship was granted until 8th March, 2009.