Asseco's investor relations were once again rated highest by individual investors in a survey by the Parkiet daily. The company, with a score of 4.65 points, was the winner in this category, where the average score was 3.3 points.

The basis of IR is communication and people, because, as the name suggests, "relations" are the most important. Open and regular communication with investors and the wider market is first and foremost our foundation. For more than 20 years , Asseco's IR team has been building trust based on the reliability and transparency of information provided to investors, said Artur Wiza, Vice President of Asseco Poland.

Asseco was also rated well by institutional investors, who gave the company 4.55 points (the average for this category was 4.1 points). This market perception shows that Asseco invariably listens to the expectations of its investors. The company's team not only provides them with key information, but also systematically collects their feedback and comments. Asseco participates in industry conferences, organizes result meetings, investor chats and actively conducts social media communications.

Our goal is to conduct IR at the highest level - in a transparent, open and customized manner for each investor. This is an ongoing process and our communication is carried out continuously, regardless of working hours or day of the week, because investors are in different countries and time zones, concluded Artur Wiza.

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Total Specific Solutions (“TSS”), a leading European IT group, operating through subsidiary Yukon Niebieski Kapital B.V, has signed an agreement to acquire 12,318,863 shares of Asseco Poland, representing 14.84% of the company's capital. The acquisition is subject to obtaining necessary regulatory approvals. Upon completion of the transaction, TSS will hold a total of 20,618,892 shares of Asseco Poland, representing 24.84% of the company’s capital.

TSS has entered into a shareholder agreement with the Adam Góral Family Foundation to collaborate on the further development of Asseco Group. The involvement of a significant European partner and industry investor will accelerate growth and enable further expansion of Asseco Group's business operations.

On January 31, 2025, TSS acquired 8,300,029 shares of Asseco Poland from Cyfrowy Polsat, representing 9.99% of the company’s capital, at a price of PLN 85 per share.

On February 4, 2025, Asseco Poland signed a conditional agreement to sell 12,318,863 treasury shares to TSS, representing 14.84% of the company’s capital. These shares were acquired by Asseco Poland through a share buyback program in 2023. The sale price was set at PLN 85 per share. Upon completion of both transactions, TSS will hold 20,618,892 shares of Asseco Poland, representing 24.84% of the company’s capital.

Adam Góral, through the Adam Góral Family Foundation, holds 8,310,000 shares, representing 10.01% of the company’s capital.

The offer from the Dutch-origin company TSS, operating within the Topicus.com and Constellation Software, was very well received not only by the majority of our investors but also by Asseco’s management and myself.— Adam Góral, CEO of Asseco Poland

Our groups are built through acquisitions, and companies operate within a federated model. I chose to partner with TSS because I believe that in a time of increasing dominance by global software giants, only capital consolidation among major European companies provides an opportunity to create teams that, in the coming years, can effectively compete for greater market share.

Strategic Shareholder Agreement Between Asseco and TSS

TSS’s acquisition of Asseco Poland's treasury shares will also trigger the implementation of the shareholder agreement between Asseco Poland’s shareholders, namely the Adam Góral Family Foundation and TSS.

The agreement outlines shareholder cooperation, including joint voting rules at the General Meeting on key company matters. The partnership ensures the continued execution of Asseco’s strategy, focused on developing proprietary software and services while expanding through acquisitions.

Under the shareholder agreement, TSS has committed not to increase its stake beyond the agreed limit after the completion of both transactions.

Asseco Poland will remain a publicly traded company listed on the Warsaw Stock Exchange, with Adam Góral continuing as CEO, leading the existing management team.

The shareholder agreement we signed significantly increases the likelihood of further value growth for all Asseco shareholders while providing broad development opportunities for employees and management. The agreement reflects TSS’ commitment to supporting operational independence while ensuring that the values my teams upholds - honoring commitments to our clients - remain a shared priority for both myself and my partners. — Adam Góral, CEO of Asseco Poland

Key Objectives of the Shareholder Agreement:

• Ensuring ownership, operational, and management stability to execute Asseco’s long-term development vision.

• Achieving ambitious business and financial goals while maintaining Asseco’s status as a dividend-paying company.

• Supporting the succession process, with Adam Góral transitioning to the Supervisory Board and Vice President Rafał Kozłowski taking over as CEO.

• Implementing a management incentive program to support long-term stability and the achievement of strategic business objectives.

According to the agreement, TSS will not exceed a maximum 27.96% stake in Asseco’s share capital.

About Total Specific Solutions (TSS)

TSS is a leading European software group from the Netherlands, specializing in software solutions for vertical markets (VMS).

TSS’ strategy is for a large part modelled after Constellation Software (“CSI”), a publicly traded investment firm on the Canadian stock exchange which holds a controlling vote in TSS’  parent company Topicus.com. Much like CSI, TSS is focused on acquiring vertical market software companies with strong customer bases and market positions.

We value Asseco Group's achievements and growth over the years, hence our decision to become an investor. We appreciate the potential of the Asseco Group - it is the largest player in the Polish market with an extensive footprint in other CEE markets. The Group has a clear vision for further strengthening its position in its geographies. Our approaches to operating successful software companies are like-minded - we have a similar decentralized organizational structure with ownership close to the market and focus on bringing our customers added value. Asseco's strategy and achievements are a good match with our long-term strategy.

We believe that together with Adam Góral, Rafał Kozłowski, and the rest of the management team, we have a unique opportunity to support each other and continue to create long-term value for shareholders and other stakeholders.  Together, we will build a partnership of two strong European IT Groups based on perpetual ownership, decentralized governance, and client centricity. – says Ramon Zanders, TSS Group CEO.

Poland’s Digital Leader in Europe

As a leading Polish provider of IT solutions for various sectors of the economy, Asseco Poland is a trusted and reliable partner. While the company primarily serves clients in Poland, its group subsidiaries deliver products and services to customers in numerous countries worldwide.

TSS is undoubtedly one of the leading software groups in Western Europe, while Asseco is the leader in Central and Eastern Europe, the Balkans, and Israel. Companies within both groups will have the opportunity to expand their product offerings and gain access to new markets.” — Adam Góral

After deep reflection, I have no doubt that this partnership will bring significant benefits to customers of both groups, their shareholders, and all employees. It is also worth emphasizing that we will continue implementing our business strategy based on two fundamental pillars: the development of proprietary software and related services, and scaling operations through acquisitions. Asseco is a Polish company, we will remain publicly traded, our headquarters will stay in Rzeszów, and we will continue paying taxes in Poland.

Asseco’s Growth Through Acquisitions

Asseco grows both organically and through acquisitions of companies with similar profiles. Thanks to this strategy, Asseco is Poland’s largest IT company, providing software to tens of thousands of clients in over 60 countries worldwide.

Succession in a Polish Tech Company

In 2023, Adam Góral designated Rafał Kozłowski as his future successor. Kozłowski currently serves as Vice President of Asseco, having previously held various management positions within the Asseco Group for many years.

Góral has clearly stated that after Kozłowski assumes the CEO position, he intends to remain involved in the company and continue to support its growth as Chairman of the Supervisory Board.

The collaboration between Adam Góral and TSS is intended to facilitate the succession process and ensure Asseco’s continued dynamic growth.

About Asseco Group

Asseco is the largest IT group in Poland and the Central and Eastern European region.

For over 30 years, it has been developing advanced software solutions for enterprises and institutions across key economic sectors.

The company employs nearly 34,000 people and operates in over 60 countries worldwide. It expands through organic growth and acquisitions.

Asseco’s subsidiaries are publicly traded on the Warsaw Stock Exchange (WSE), NASDAQ, and the Tel Aviv Stock Exchange (TASE).

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The healthcare services market in Poland has been developing extremely rapidly. According to an EY analysis, growth can be expected at an annual rate of 11 percent until 2028. The health sector will also be a beneficiary of funds from the National Recovery Plan (KPO). Increasing digitization poses new challenges for hospitals in terms of building and maintaining IT teams, which is why they often choose to outsource to external companies.

Asseco has finalized the acquisition of a 51 percent stake in Toruń-based Infocomp, which specializes in advanced IT and process outsourcing services for hospital systems. A team of 80 specialists provides 13 hospitals using Asseco AMMS+ and Infomedica+ systems with continuous and comprehensive services (outsourcing). In total, Infocomp provides services to dozens of healthcare clients.

The strategic goal of Asseco's investment is to develop outsourcing services and increase the use of the company's software in the healthcare sector.

Asseco has been cooperating with many companies from the health sector and supporting the development of an ecosystem of partner organizations in the area of hospital IT. At the same time, we intend to strengthen and stimulate the creation of new categories of services and products. Both our own and of our partners - said Krzysztof Groyecki, Vice President of the Management Board of Asseco Poland. The acquisition of Infocomp is intended to support our efforts to develop outsourcing services for the rapidly progressing digitization of hospitals - he added.

Asseco is one of the largest providers of hospital management IT solutions in the Polish market. The company currently works with more than 450 hospitals across the country. Operations in this sector are supported by dozens of partner companies. The cooperation includes implementation and maintenance of several hundred installations of hospital systems.

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Asseco's CEO Adam Góral has been honored with the “Vector of 35 years” award for his outstanding contribution to the development of Polish business, technological innovation and building the international position of the Polish company. Under his leadership, Asseco Poland has become one of the leading software providers in Europe.

“Vectors of 35 years” are unique awards given to individuals and organizations that over the years have changed the Polish reality in an innovative way, setting new directions of development in business, science, media and social activities. The winners are selected by a chapter composed of recognized authorities in business, science and NGOs, which attaches particular importance to the transparency and objectivity of the selection process.

"Vectors" are granted by Employers of Poland since 2002. They honor individuals and companies whose achievements significantly contribute to the development of the Polish economy. Every year the chapter awards visionaries, leaders and innovators whose work and commitment change the face of Polish business and set the directions of development for entire industries.

Asseco's CEO scored the maximum number of points in the subranking - managerial competence, as part of the "Valuation of CEOs of #TOP30 of the Polish stock market" compiled by SEC Newgate. The results were published by the "Rzeczpospolita" and "Parkiet" newspapers, among others.

The final result of the managerial competence sub-ranking was influenced by awards and prizes, as well as assessments by experts working with SEC Newgate CEE (agency consultants, stock market analysts, capital market journalists). The rating scale ranged from 1-10.

The SEC Newgate ranking: "Valuation of CEOs of #TOP30 of the Polish stock market" shows that the quality of leadership translates into concrete stock market results. This year's eighth edition of the list is not only an analysis of the value of managers, but also a diagnosis of the strength of the Polish capital market and its leaders.

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Asseco is the highest ranked IT company on the "List of 2000" prepared by the editors of the Rzeczpospolita daily. In 2023, the company achieved revenues of PLN 16.9 billion, and its net result was PLN 483 million.

I'm pleased that we were able to produce such good results despite the difficult economic environment and the tense geopolitical situation. This shows that uncertain times call for an increased role for digitization, with a special focus on cloud solutions, cyber security or artificial intelligence. It remains our priority to provide the highest quality proprietary software to institutions and companies in key sectors of the economy, said Adam Góral, CEO of Asseco Poland.

"List 2000" is an annual compilation of the largest Polish companies. Asseco is the leader among IT companies in this ranking for another year in a row.