1. Presentation of the consolidated results of the Sygnity Group for Q4 2008 Warsaw, 26 February 2009

2. 2 Disclaimer This presentation has been prepared for information purposes only. It does not constitute an advertisement or an offering of securities in public trading. Although it relies on sources of information that Sygnity S.A. deems to be reliable and accurate, there is no guarantee that they are exhaustive and fully reflect the factual status. The presentation may contain statements concerning the future that constitute an investment risk or a source of uncertainty, which may materially differ from the actual results. Sygnity S.A. will not be liable for the consequences of any decisions made on the basis of this presentation - such liability will rest solely on the party that uses it. This presentation is subject to the protection provided for in the Copyright and Related Rights Act. Its duplication, publication or dissemination will require the written consent of Sygnity S.A.

3. 3 Summary of the results for Q4 and Q1-4, 2008

4. 4 Results for Q4 2008 vs Q4 2007 [PLN ’000]Q4 2007Q4 2008 Revenues371 217337 087 Operating profit (loss)54 69727 475 Operating profit (loss) without restructuring write-offs/revenues from assets’ sale 27 28127 475 Net profit (loss)* 42 50418 440 * including one-off gain in the amount of PLN 27.4 million.

5. 5 Results for 2008 vs 2007 [PLN ’000]20072008 Revenues1 206 5131 001 760 Operating profit (loss)(72 289)12 596 Operating profit (loss) without restructuring write-offs/revenues from assets sale (54 300)946 Net profit (loss)* (81 126)233 Factors affecting the results:  Greater share of sales of own services and products (increase of 10 p.p.)  Greater profitability in all sectors  Positive effect of the restructuring process * including one-off gain in the amount of PLN 27.4 million and restructuring write-offs.

6. 6 Revenues structure in 2008 vs 2007 2007 vs 2008Q4 2007 vs Q4 2008 Revenue [PLN ’000] 61% 39% 65% 35% 55% 45% 65% 35%  Increase in the share in sales of own services and products  Decrease of subcontractors share in projects execution  Revenues from services lower by PLN 16 million as a result of the disposal of assets servicing the National Health Fund and health service bodies Revenue [PLN ’000]

7. 7 Revenues in 2008 vs 2007 by sector Sector [PLN ’000] 20072008 Public* 506 419413 136 Banking and finance 320 322 270 725 Utilities 124 65792 403 Telco industry 255 115205 330 Total 1 206 5131 001 760 * Revenues decreased by PLN 18.3 million du to assets disposal

8. 8 Financing

9. 9 Debt situation [PLN ’000]30.9.0731.12.0731.3.0830.6.0830.9.0831.12.08 As of the publication date Bonds-85-60-57-58-63 -61 Loans and credit facilities -192-107-84-68-56-31-23 Cash Funds in escrow accounts 245148 13 36 18 4058 30 56 7 Net debt*-253-116-93-90-79-36-28 * Without taking into account funds in an escrow account for contracts As of December 31, 2008, the Sygnity Group total debt from bank loans/credit facilities and outstanding bonds amounted to PLN 94 million (PLN 84 million as of the publication date), as compared to total debt from bank loans/credit facilities and outstanding bonds as of December 31, 2007 of PLN 167 million. The Group’s net debt amounted to PLN 36 million as of December 31, 2008 (PLN 28 million as of the publication date), compared to PLN 116 million as of December 31, 2007.

10. 10 Outlook for bonds’ servicing in 2009 Sources of financing Operating cash-flow generated in 2008 and H1 2009 Disciplined working capital management Assets disposals Roll-over of bonds, on-going basis Financing from new institutions Bonds’ maturity: March 2009April 2009June 2009July 2009 PLN 3,570,000 PLN 1,730,000 PLN 5,860,000 PLN 50,000,000

11. 11 2009 outlook

12. 12 Backlog Sector2009 backlog [PLN ’000] Banking and finance98 252 Public94 480 Telco industry53 543 Utilities45 071 Total291 885  80% of backlog for 2009 consists of own solutions (services, licences and service support) and covers 50% of estimated margin for the entire year  In addition, backlog for 2010-2011 currently amounts to almost PLN 100 million.

13. 13 Assets planned for disposal in 2009  Sale of land surveying and outsourcing companies;  Sale of one real estate property;  Sale of the above assets (currently in progress) is estimated to generate revenues of approx. PLN 40 million. The effect on the operating profit will amount to approx. PLN 15 million with a loss of revenues of approx. PLN 50 million.

14. 14 Banking and finance sector – prospects for 2009  Challenges in the sector:  Reduction of IT costs, i.e. increasing cost effectiveness  Response to regulatory changes, including the prospect of converting to the euro  Optimisation of processes and modernisation of systems using SOA and EDA  Increase in product profitability and risk reduction  Key prospects:  Renewal of the service support agreement with NBP  Automation of obligatory reporting for DnB Nord  Implementation of the Flexcube system in Snoras Bank (Lithuania)  The Company Banking Centre (Loan Servicing) in BZ WBK  New products and services:  BILIX  Dimension.CL  SCAD (a system for calculating a bank’s capital requirements)  RCIH (a system for integrating information on a retail customer)  Outsourcing of Development Services for financial institutions

15. 15 Public sector – prospects for 2009  Challenges in the sector:  Concentration on projects financed from European funds (the Ministry of Internal Affairs and Administration, the Ministry of Health, and the Ministry of the Economy)  Local government projects  Continuation and maintenance of existing projects (the Ministry of Labour and Social Policy, the State Fund for the Rehabiilitation of the Disabled, the Ministry of Justice, the Ministry of Foreign Affairs, and the Polish Post Office)  Key prospects:  Projects financed by the World Bank  Projects as part of the Polish State Computerisation programme  The Ministry of Justice, the Ministry of Finance and other ministries  New products and services:  GIS (land surveying portals and cartography)  New products for local government organisations (e-services, crisis management, solutions for the health service)

16. 16 Utilities sector – prospects for 2009  Challenges in the sector:  The commencement of the implementation of centralised customer service systems in Power Groups  The commencement of the implementation of network asset management systems at electricity and gas network operators  A further increase in sales in the municipal utilities sector  Key prospects:  PSE Operator S.A. – modification of the zSIRE system to serve the current day market  Gaz System S.A. – supply and construction of a system for archiving and securing data and an information exchange system  GSG, MSG – network asset management systems  Vattenfall – low voltage network control system  ENEA, TAURON – PMS system  New products and services:  Strengthening the offer of consulting and application integration services  Systematic development of own products: billing, asset management, and trade and distribution servicing  Development of cooperation with Microsoft on the power market

17. 17 Telco sector – prospects for 2009  Challenges in the sector:  Signing a long-term agreement with Telekomunikacja Polska  Increasing cooperation with Dialog, Netia and Exatel  Signing agreements for Inventory.cl with operators other than Telekomunikacja Polska  Key prospects:  TP – subsequent Editions  TP – prequalification and scanning  Exatel – modernising the network management framework and system  Telekomunikacja Kolejowa – new projects  Dialog – the SoftSwitch platform  New products and services:  Provisioning and automation of processes related to the activation and settlement of telecommunications services  SoftSwitch  Inventory.cl – a new passporting product

18. 18 Industry sector – prospects for 2009  Challenges in the sector:  Cable Television Companies – increasing market share  Signing an agreement with Bliska, the second largest chain of petrol stations in Poland  Signing a cooperation agreement with the Coal Corporations  Expanding cooperation with PKP (Polish State Railways)  Signing agreements with retail networks  Key prospects:  Bliska – Petrol Station Servicing System  SPEC, Animex, Siódemka – an ERP solution  Vectra, Multimedia – provisioning, NMS, passporting  New products and services:  A new version of Petrostation for serving a chain of petrol stations  A system for serving a retail sales network  Gemcom – a three-dimensional deposit visualisation and a system for managing mining damage

19. 19 2009 outlook  Revenues of approx. PLN 1 billion  Estimated 2-3% recurrent EBIT margin (not including profit from sale of assets)  Effect of assets disposal on EBIT expecetd to amount to approx. PLN 15 million (2-3 transactions to be carried out)  Maintaining gross margin at the level of 2008 (despite the sale of assets) due to an improvement in the revenues structure  Reduction of net debt to PLN 10-15 million  Expected increase in revenues from the utilities and telco sectors and decrease in revenues from the banking and finance sector