Asseco Poland decided to reduce the minimum threshold required to successfully conduct the issuance of swap shares for shareholders of Asseco Central Europe from 96% to 80%. The threshold has been lowered in order to increase the probability of carrying out this transaction and thereby achieve one of our strategic objectives, which is to simplify the organizational structure of the Asseco Group. The decision is going to be approved by the General Meeting of Shareholders of Asseco Poland on 23 October 2012.
Because Asseco Poland desires to successfully complete the swap transaction, its Management Board decided to lower the required minimum shareholding threshold from 96% to 80%. Having acquired an 80% voting interest in Asseco Central Europe, Asseco Poland will still obtain full control over the company. Despite the shareholding threshold has been reduced from 96% to 80%, Asseco Poland considers that shareholders of Asseco Central Europe will be highly interested in exchanging their shares for more liquidly-traded shares of Asseco Poland.
"We believe that at least 95% of shareholders of Asseco Central Europe are going to subscribe for Asseco Poland shares. We maintain our intention to ultimately withdraw the shares of Asseco Central Europe from public trading on the Warsaw Stock Exchange," says Adam Góral, President of the Management Board of Asseco Poland.The issuance of shares will be conducted excluding pre-emptive rights of the existing shareholders of Asseco Poland. The Company is going to issue not less than 4,060,953 and not more than 6,095,238 ordinary bearer shares with a par value of PLN 1 (one zloty) each. The exchange ratio has been set at 2.1 shares of Asseco Central Europe for 1 share of Asseco Poland.

On 17 September 2012, the Management Board of Asseco Poland S.A. signed a letter of intent for the acquisition of shares in Centrum Informatyki ZETO S.A. in Białystok.The letter of intent has been signed between Asseco and ZETO Białystok to determine the terms and conditions for purchasing shares representing 99.88% of the share capital of ZETO and the same voting interest at its General Meeting of Shareholders. The transaction value will reach approx. PLN 37 million.Centrum Informatyki ZETO S.A. in Białystok is one of the largest IT companies in the Polish province of Podlasie. The company provides comprehensive IT services to companies, institutions, as well as to individual customers. It employs 210 persons. In 2011, ZETO Białystok generated PLN 71 million in sales revenues, earning PLN 4 million in net profit.Business operations of ZETO Białystok fit well the implementation of the Asseco Group's strategy for building a firm with a country-wide coverage, but focusing on local markets to provide data processing services, outsourcing and comprehensive IT services for hardware and network infrastructure, security systems, teletechnical installations, and structured cabling. Such company shall act as a vendor, distributor as well as an integrator of information technology solutions.The planned transaction will be the basis for creation of a new holding company of Asseco that will bring together leading integration companies operating in various regions of the domestic market. Shares in ZETO Białystok shall be acquired by Asseco Poland or its wholly-owned subsidiary Asseco Systems S.A., to which Asseco Poland is also going to transfer, by making a non-cash contribution, all the shares it has earlier acquired in Centrum Komputerowe ZETO S.A. seated in Łodź.

“Rzeczpospolita” daily has, for the sixth time, published the “Europe 500” list including the largest companies in Central and Eastern Europe and also prepared its third annual “Index of Success”, evaluating business prosperity and condition of the largest and most dynamic market players in this part of Europe.
Asseco Poland has been recognized as one of the three leaders of the Index of Success. The jury awarded the company with a statuette in the category of business growth and financial stability. The Estonian passenger and cargo shipping Tallink Group was honoured in the same category, while the copper giant KGHM won the category of outstanding achievement.
The Index of Success is composed of 30 companies selected from among 500 largest companies in Central and Eastern Europe as listed in the last year's edition of “Europe 500”. The awards were presented at this year's Economic Forum in Krynica.

Financial performance of the Asseco Group in the first half of 2012 was stronger than in the corresponding period last year. Sales revenues reached PLN 2.68 billion, growing 14 percent as compared with the first half of 2011. Revenues from sales of proprietary software and services increased by 20 percent to reach PLN 2.04 billion. Operating profit improved 6 percent to nearly PLN 372 million. The Group generated a net profit of PLN 204 million, outperforming the year-ago earnings by 11 percent.More and more revenues are generated by Asseco's foreign operations. In the first six months of 2012, sales generated outside Poland accounted for over 70 percent of total revenues, contributing 49 percent to consolidated operating profit. The largest revenue growth was reported by our companies operating in the Israeli market (an increase by 32 percent as compared to the first half of 2011) and in the Balkans (an increase by 11 percent).The Asseco Group continues to build and enhance the scope of its competence and expand its product portfolio. During the first six months of 2012, Asseco strengthened its presence in the U.S. market by acquiring a controlling stake in the company Exzac (fraud management software) as well as in the Israeli market by taking over Netwise Applications (website development). In Poland, our group of companies was joined by CK Zeto (data security, document management and archiving) and SKG (software for taxes, customs, and data auditing). Whereas, in the Czech Republic we acquired NZ Servis, a company specialized in the production of ERP solutions for customs agencies.In the first half of 2012, the Asseco Group signed as much as 1,100 contracts, while 500 projects have been successfully completed. The construction of a new IT center of Asseco Poland in Wilanów has been completed on time – today it is the only Warsaw's office of Asseco, being the place of work for nearly 1,000 employees.Our prosperity in business is also reflected in other fields – the sports teams sponsored by Asseco can be proud of their great successes. Asseco Resovia volleyball players won the first Polish championship title since 37 years, while our basketball team Asseco Prokom Gdynia reached for the gold for the ninth consecutive time.

Financial performance of the Asseco Group in the first half of 2012 was stronger than in the corresponding period last year. Sales revenues reached PLN 2.68 billion, growing 14 percent as compared with the first half of 2011. Revenues from sales of proprietary software and services increased by 20 percent to reach PLN 2.04 billion. Operating profit improved 6 percent to nearly PLN 372 million. The Group generated a net profit of PLN 204 million, outperforming the year-ago earnings by 11 percent.More and more revenues are generated by Asseco's foreign operations. In the first six months of 2012, sales generated outside Poland accounted for over 70 percent of total revenues, contributing 49 percent to consolidated operating profit. The largest revenue growth was reported by our companies operating in the Israeli market (an increase by 32 percent as compared to the first half of 2011) and in the Balkans (an increase by 11 percent).The Asseco Group continues to build and enhance the scope of its competence and expand its product portfolio. During the first six months of 2012, Asseco strengthened its presence in the U.S. market by acquiring a controlling stake in the company Exzac (fraud management software) as well as in the Israeli market by taking over Netwise Applications (website development). In Poland, our group of companies was joined by CK Zeto (data security, document management and archiving) and SKG (software for taxes, customs, and data auditing). Whereas, in the Czech Republic we acquired NZ Servis, a company specialized in the production of ERP solutions for customs agencies.In the first half of 2012, the Asseco Group signed as much as 1,100 contracts, while 500 projects have been successfully completed. The construction of a new IT center of Asseco Poland in Wilanów has been completed on time – today it is the only Warsaw's office of Asseco, being the place of work for nearly 1,000 employees.Our prosperity in business is also reflected in other fields – the sports teams sponsored by Asseco can be proud of their great successes. Asseco Resovia volleyball players won the first Polish championship title since 37 years, while our basketball team Asseco Prokom Gdynia reached for the gold for the ninth consecutive time.

IR Magazine, just as every year, compiled a European ranking of companies that maintain best communication with the capital market. Asseco Poland was mentioned among five leaders in the category of "Best Investor Relations in Poland". The podium was taken by Bank Pekao, PGE, and PKN Orlen.The prestigious IR Magazine recognized Asseco Poland for its outstanding investor relations for the fourth time.
The top prize in European investor relations was won by Allianz.IR Magazine Awards are international awards granted by industry monthly IR Magazine for excellence in investor relations. The winners are selected through an independent survey, including a questionnaire and phone interview, carried out among more than 700 investment portfolio managers and financial analysts across Europe. Based on their opinions, IR Magazine awards individuals and teams who demonstrated the highest quality in investor relations over the last 12 months.