Pursuant to &5 sec. 1 point 1 of the Regulation issued by the Minister of Finance on 19 October 2005 concerning current and periodical information pertaining to companies traded on the stock exchange ComArch S.A.'s Management Board announces that on 21 November 2007 limited partnership and joint-stock company was registered under the company name of ComArch Management Spólka z ograniczona odpowiedzialnoscia Spólka Komandytowo-Akcyjna with its registered seat in Krakow.

The share capital of ComArch Management Sp. z o.o. SKA amounts to 900,000.00 PLN and consists of 900,000 shares of nominal value of 1.00 PLN each. ComArch S.A. purchased the above-mentioned shares with internal means for the total nominal price of 900,000.00 PLN. The purchased shares constitute 100 % of ComArch Management Sp. z o.o. SKA's share capital and 100 % of votes at the shareholders' meeting of the company. The shares were considered as significant due to the fact that ComArch S.A. exceeded 20 % in the share capital of ComArch Management Sp. z o.o. SKA. The subject matter of activities of ComArch Management Sp. z o.o. SKA will be activities related to IT.