RB-15-2009 Report of the Board of Supervisors’ Aactivities Including Assessment of the Company’s Situation in 2008

Pursuant to the rule number 1) and 2) included in the third part, pt 1 of the “Corporate Governance Principles”, ComArch S.A.’s Management Board conveys 2008 activities’ report of ComArch S.A.’s Supervisory Board and assessment of the company’s situation in 2008 including assessment of the company’s internal system control and risk management in the company.

Supervisory Board Report 2008 and Assessment