Press Office

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.

The National Environmental Protection Fund chose, in an open tender procedure, the consortium of Infovide-Matrix and Asseco Poland to upgrade their SAP system. This project will also include the installation of SAP portal infrastructure and data warehouse.The consortium led by Infovide-Matrix submitted the best price offer and demonstrated all necessary references. Having combined their professional competence, both the companies managed to satisfy the customer's high requirements under this tender."We are very satisfied of winning the tender and a possibility to implement this project. I believe that cooperation between Infovide-Matrix and Asseco Poland will bring real benefits for the National Environmental Protection Fund, while it will also help improve operating processes performed by this institution," said Przemysław Kosek, Director at Infovide-Matrix S.A.The National Environmental Protection Fund is engaged in the financing (from domestic and European funds) of development and modernization of environmental protection infrastructure as well as in the implementation of pro-ecological projects. IT solutions used by the Fund are critical for the effective performance of these tasks.The National Environmental Protection Fund decided to upgrade its SAP system from version 4.6c to version 6.04 due to the expiring technical support periods and also in order to reduce IT maintenance costs. Under the project, the contractors will also prepare an innovative IT environment for the needs of future implementations, including the functionalities of managerial self-servicing and reporting from the data warehouse."The project will cover all the system modules used by the Fund and shall provide a good opportunity to analyze and streamline all the handled processes. An important part of the project will be to supply new IT infrastructure that will ensure both stable and efficient operation of the system," commented Katarzyna Bielazik, Sales Director at w Asseco Poland S.A."It is a quite difficult project for our institution and concurrently one of those few key projects closely supervised by our management. So far we are very pleased with the commitment and quality of work performed by the contractors as well as with overall level of cooperation," said Włodzimierz Hrymniak, Vice Office Director and Upgrade Project Manager at the National Environmental Protection Fund.As part of the project executed for the National Environmental Protection Fund, apart from upgrading the SAP system version, Asseco will also install and launch SAP Portal environment and supply hardware and virtualization tools, while Infovide-Matrix is going to deploy SAP Data Warehouse. The project completion (including the upgrade technical support period) is expected in December 2012.

President of the Office of Competition and Consumer Protection has not observed any restriction of free competition or creation of dominant position as a result of obtaining control over Sygnity by Asseco. These findings relate to all the markets in which both companies operate.The Office of Competition and Consumer Protection (OCCP) conducted a diligent research, performing a detailed analysis of the IT market. This involved gathering opinions of 47 providers of IT services as well as carrying out a survey among the largest clients in the market.The analysis performed by OCCP shows that neither Asseco nor Sygnity presently maintain a dominant position in any of the analyzed markets, and has excluded the possibility of gaining such dominant position by these companies operating jointly once Asseco takes control over Sygnity. Moreover, OCCP confirmed that the examined concentration of businesses would not in any way impede or restrict free competition in any of the analyzed markets.Obtaining OCCP's approval was a necessary condition to effect the tender offer to acquire up to 100% of shares in Sygnity as announced by Asseco in February 2012. However, this approval was granted after the said tender offer had been already terminated (without acquisition of any shares) as the maximum legally permitted period of 120 days to submit tenders to sell shares expired on 9 July 2012.Having obtained a positive decision from OCCP, Asseco Poland is going to entirely reassess the potential investment and its rationale, taking into account the financial results published by Sygnity after the announcement of the tender offer as well as alarming information about Sygnity as disclosed in recent days.

The Agency for Restructuring and Modernisation of Agriculture and Asseco Poland S.A. signed an addendum (to their maintenance services contract) worth over PLN 17 million (gross). The contract subject is maintenance and modification of OFSA, OFSA-PROW, OFSA-PROW-DD and RG-PROW information systems over the period from 1 July 2012 till 28 February 2013.The systems covered by the contract are all proprietary solutions developed by Asseco for the Agency. They have been designed to support the distribution of funds granted by the Agency under the Rural Development Program for the years 2007-2013. They have been developed in line with the procedures governing the handling of subsidy applications, especially with regard to all applicable formal, legal and EU requirements.IT solutions developed, implemented, and maintained by Asseco make it possible to handle subsidy applications and payment applications, generate suitable agreements and addenda, settle payments, verify the beneficiary's data in adequate registers, as well as to perform the so-called cross-controls (under the Rural Development Program and other government subsidy programs). They are utilized by both central and regional offices of the Agency as well as by local administration in provinces. The Agency is currently performing a tender procedure for maintenance and development of those IT systems.

On 27 June 2012, Asseco Poland S.A. signed an agreement to acquire a 60 percent stake in SKG S.A. The transaction value amounts to PLN 8.7 million.SKG S.A. (formerly Systemy Komputerowe - Główka S.A.) has been engaged in IT operations for 26 years. The company is specialized in design and implementation of dedicated information systems and consulting on innovative technologies. It has also gained broad experience in the areas of taxes and customs duties, retail trade, auditing and data analysis. IT solutions delivered by SKG S.A. support the operations of several hundred firms and institutions, including: Polish Customs Administration, Ministry of Finance, Supreme Chamber of Control, Warsaw Stock Exchange, PGNiG, Polkomtel, and LOT Polish Airlines.“Gaining such a significant investor as Asseco Poland will certainly strengthen our position on the public procurements market, as well as in the areas supported by our IT solutions, including customs duties and taxes, retail trade, auditing and data analysis. We believe that our partnership with Asseco will provide us with opportunities to execute much larger projects than we performed so far. Concurrently, as SKG S.A. remains a separate company, we want to uphold and cherish the values that enabled 26 years of our successful business operations as a family company on quite a difficult Polish IT market,” said Jarosław Główka, President of the Management Board of SKG S.A.“Owing to this transaction, the Asseco Group enriched its product portfolio with innovative, flexible, high quality solutions developed by SKG S.A. which shall reinforce our offering especially in the sectors of public administration and enterprises. We are also very pleased of being joined by a dynamic team of experienced professionals,” commented Adam Góral, President of the Management Board of Asseco Poland.The transaction value amounts to PLN 8.7 million. Consideration for the acquired shares shall be paid in three portions. The first portion, representing 80 percent of the acquisition price, has been already paid upon signature of the agreement; whereas, the remaining portions are payable in the next 2 years and shall depend on the financial results generated by SKG S.A. for 2012 and 2013.

Asseco Poland has launched its new Core Banking System at Bank Ochrony Środowiska. The main modules of the def3000 suite – Transaction System and General Ledger – were set into operation on 11 June 2012. The company managed to complete the implementation process in line with the schedule, despite the project’s large scale and numerous regulatory changes pertaining to the functionality of banking systems.The contract for the supply and implementation of a comprehensive information system based on Asseco Poland's def3000 proprietary solution was signed on 15 October 2009. Asseco launched def3000/TR (Treasury) module in November 2010 (3 months before the planned deadline), and subsequently def3000/CL (Clearing) module in September 2011 (9 months ahead of the schedule). The transaction data migration process was successfully completed on 10 June, enabling the operational launch of major banking systems: def3000/CB (Core Banking) and def3000/GL (General Ledger).“Efficient work of the project implementation teams, both on the part of the Bank and Asseco, as well as full commitment of both contractors resulted in a success. I believe that BOŚ, having joined the group of banks which operate Asseco’s def3000 flagship solution, is going to achieve the anticipated business benefits. I would like to thank both the teams engaged in this project. Owing to them, the implementation process has been carried out efficiently and on a timely basis,” commented Adam Góral, President of Asseco Poland.The project also involved the supply of hardware platform, integration services, and adjustment of the Bank’s internal IT systems to ensure their seamless cooperation with the new core solution.“The launch of the Core Banking System was one of our priority strategic objectives. Reduced time-to-market for new banking products as well as higher efficiency of customer service and back-office processes should both strengthen our Bank’s competitive position in the market,” said Mariusz Klimczak, President of Bank Ochrony Środowiska.Integration of the central system with the Bank’s legacy applications will make it possible to expand the portfolio of services offered by BOŚ, quickly and cost-effectively. It will also help shorten the time for execution of customer orders and improve the flexibility of transaction parameterization to mach individual customer needs.Asseco Poland has cooperated with Bank Ochrony Środowiska since 1994. The company acts as a strategic vendor of IT solutions, inclusive of its core banking system. BOŚ utilizes over a dozen miscellaneous applications developed by Asseco.The def3000 suite is a flagship solution offered by Asseco to banking institutions. It features several dozen specialized modules that can be easily integrated into a bank’s legacy IT environment, allowing for flexible adaptation of the solution to meet the bank’s specific requirements. def3000/CB has been already implemented, among others, for Getin Noble Bank, Toyota Bank Poland, Eurobank, Deutsche Bank PBC, while individual modules of the suite are operated by dozens of banks across Poland.