Pursuant to &34 sec. 1 pt. 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, the Management Board of ComArch S.A. announces that received a resolution no. 367/07 of the Management Board of the National Deposit for Securities dated 21 May 2007 on registration of series I2 shares.

1.  According to &40, section 2, 3 and 4a, in relation to &2, section 1 and 4 of the Rules of the National Deposit for Securities, the Management Board of the National Deposit for Securities decided to register 441.826 (four hundred forty-one thousand eight hundred twenty-six) ordinary bearer series I2 ComArch S.A. shares of nominal value of 1 PLN (one zloty) each and mark them with the code PLCOMAR00012, providing that these shares will be introduced to trading on regulated market where other ComArch S.A. shares were introduced, providing point 2.

2. Ordinary bearer series I2 shares indicated in the point 1 will be registered in the National Deposit for Securities in two days from depositing by ComArch S.A. of documents that confirm introduction of these shares to trading, but not earlier than on the day of introduction that was pointed out in the decision.

Information on registration of ordinary bearer series I2 shares with the code PLCOMAR00012 and number of shares marked with this code after registration will be published in the form of an announcement of the National Deposit for Securities. This resolution came into force on the date it was passed.