ComArch S.A. Management Board announces that on 15 June 2007, pursuant to art. 160 sec. 1 pt 1 of the Act on Trading in Financial Instruments (Journal of Laws, no. 183, pos. 1538 and changes to this act), according to § 2 sec. 1 of the Regulation issued by the Minister of Finance on 15 November 2005 concerning information on some transactions in financial instruments and principles of preparing and administrating the list of persons who can have some specified confidential information (Journal of Laws, no. 229, pos. 1950), information about disposing of ComArch S.A. shares.

On 15 June 2007, Mrs. Elzbieta Filipiak, Chairman of ComArch S.A.'s Board of Supervisors and Mr. Janusz Filipiak, President of ComArch S.A.'s Management Board sold 65.000 (in words: sixty-five thousand) ordinary bearer shares of ComArch S.A. for 219 PLN (in words: two hundred nineteen) each, i.e. for 14.235.000 PLN (in words: fourteen million two hundred thirty-five thousand). The mentioned above transaction was concluded on regulated market-Warsaw Stock Exchange. Information was prepared on 15 June 2007 in Krakow.