In relation to current reports no. 2/2017 dated the 17th of March, 2017 and no. 4/2017 dated the 31st of April, 2017, on signing the letters of intent with Geopolis sp. z o.o. and it’s shareholders aimed at setting conditions to carry out the below mentioned transactions, Management Board of Comarch S.A. announces that on the 3rd of April, 2017 the conditions set out in letters of intent have been fulfilled and as a result:

a. Comarch S.A. acquired 100% of shares in Geopolis sp. z o.o.,
b. Comarch S.A. acquired the whole copyrights to the ERGO software which belonged to the Geopolis sp. z o.o.,
c. Comarch S.A. agreed to the recapitalize of Geopolis sp. z o.o.

The total value of the transactions amounts to PLN 8.05 million.

Geopolis sp. z o.o. supports informatization in public administration units by creating and implementing integrated registers and records of a spatial nature, systems for managing of state surveying and cartographic resource database as well as geoportals. Acquiring of Geopolis sp. z o.o. will allow Comarch Group to expand the product portfolio dedicated to the public sector.