Investor Reports

The Management Board of ComArch S.A. reports that with the resolution no. 1/8/2008, dated 7 August 2008, the Supervisory Board of ComArch S.A selected Deloitte Audyt Sp. z o. o. to audit and review the financial statements and the consolidated financial statements of ComArch S.A.

ComArch S.A.’s Management Board informs that on 11 August 2008 received notice, dated 28 July 2008, concerning registration by the District Court for Kraków-Śródmieście, XI Economic Division of the National Court Register of changes in the company’s Statute resolved by the General Meeting on 25 June 2008.

Management Board of ComArch S.A. reports that accordingly to the list of shareholders participating the Annual General Shareholders Meeting of ComArch S.A. on 25 June 2008, Elzbieta Filipiak and Janusz Filipiak as well as BZ WBK AIB Towarzystwo Funduszy Inwestycyjnych S.A. on behalf of Arka BZ WBK Balanced Open Investment Fund, Arka BZ WBK Stable Growth Open Investment Fund, Arka BZ WBK Share Open Investment Fund, Lukas Open Investment Fund - Lukas Share Sub-fund, Lukas Open Investment Fund - Lukas Polish Dynamic Sub-fund, Lukas Open Investment Fund - Lukas Balanced Growth Sub-fund held at least 5 % of the total number of votes represented at this Meeting:

ComArch S.A.\'s Management Board herby reports that on 25 June 2008, at the Ordinary Annual General Meeting, Mr. Maciej Czapiewski was appointed as member of ComArch S.A.\'s Board of Supervisors.

ComArch S.A.\'s Management Board herby reports that on 25 June 2008, at the Ordinary Annual General Meeting, Mr. Konrad Taranski was appointed as member of ComArch S.A.\'s Management Board.

On 19 June 2008 the majority shareholders proposed the candidacy of Konrad Taranski for the post of Vice President of ComArch\'s Management Board and the company\'s Chief Financial Officer.

On 16 June 2008 BZ WBK AIB Asset Management S.A. and BZ WBK AIB Investment Fund S.A. acting in the name of the following investment funds, - ARKA BZ WBK FIO Share Open Investment Fund - ARKA BZ WBK FIO Balanced Open Investment Fund - ARKA BZ WBK Stable Growth Open Investment Fund - LUKAS Open Investment Fund, submitted a proposal to appoint Mr. Maciej Czapiewski to the post of independent member of the Supervisory Board of ComArch S.A.