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 30 November 2007 ComArch S.A. sold 900,000 shares of ComArch Management Spólka z ograniczona odpowiedzialnoscia Spólka Komandytowo-Akcyjna (limited partnership and joint-stock company) with its registered seat in Krakow to ComArch Corporate Finance Closed Investment Fund with its registered seat in Krakow.

The nominal value of each share is 1.00 PLN and they constitute 100 % of share capital and 100 % of votes at ComArch Management Sp. z o.o. SKA shareholders' meeting. They were sold for 900,000.00 PLN and were considered as significant due to the fact that exceeded 20 % in the share capital of ComArch Management Sp. z o.o. SKA. In legal point of view, ComArch Corporate Finance Closed Investment Fund is not a related entity of ComArch S.A. Investment certificates issued by the Fund are not owner securities.