1. Financial Results for Q1 2008/2009 August - October 2008 15 December 2008

2. Commencing the implementation of a new warehouse system in Zamienie – the value of the contract with SSI SCHÄFER amounts to EUR 5.5 mln Obtaining ISO 27001:2005 certificate – Information Security Management System Executing orders for PC and ACTINA servers for ZUS 5. place in the ranking of Businessman.pl magazine – Tele-IT Winning the title of the Best Distributor 2007 and the Company of the Decade in a competition organized by CRN magazine Q1 2008/2009 IN THE COMPANY 2

3. Sales revenue increased compared to Q1 of the previous year by 20.4% Gross margin increased by 3.08 pp quarter on quarter prior to exchange rate differences FINANCIAL RESULTS IN QUARTER 1 3 Sales revenue (PLN M) Gross margin (%)

4. FINANCIAL RESULTS IN QUARTER 1 4 Net profit / loss (PLN M) without valuation of balances The net loss for Q1 2008/2009 equals PLN -18 420 M and includes a valuation of currency balances amounting to PLN -14 154 M The level of the net loss not considering currency conversion of balances amounted to PLN - 4 266 M

5. THE EFFECT OF CURRENCY CONVERSION 5 Liabilities, receivables and cash are valuated The total amount of currency conversion equals PLN -14,154 M and results mainly from the revaluation of liabilities: The level of the net loss not considering currency conversion of balances amounted to PLN - 4 266 M A higher value of liabilities was due to the construction of a warehouse at the end of the calendar year (PLN 173,861 M as of 31.07.08 in comparison with PLN 315,740 M as of 31.10.08 – increase of 81.6%) Currency Amount in the currency Amount in PLN Exchange rate for recording the amounts The exchange rate of the National Bank of Poland as of 31.10.08 Value following the revaluation Exchange rate difference from the revaluation EUR 31 777 015110 728 2933.48453.633115 445 896-4 717 603 USD 27 604 29269 158 4752.50542.847278 594 940-9 436 465 59 381 307179 886 768 194 040 836-14 154 068

6. DETAILED FINANCIAL DATA 6 [PLN M] Q1 2007/2008Q1 2008/2009Change Sales revenue 505 177608 40520.4% Gross sales revenue 36 24462 37272.1% Gross sales margin 7.2%10.3%3.1 pp Cost of sales and marketing 24 12131 770 31.7% Related to revenue 4.8%5.2%0.4 pp General administrative costs 10 7866 788 -37.1% Related to revenue 2.1%1.1% - 1.0 pp Other operating costs and losses 885 45 943 5091.3% Operating result 10 215- 18 055 -276.7% Net financial costs 6031 555157.9% Net result 5001- 18 420- 468.3% Net result profitability 0.99%- 3.03% - 4.0 pp

7. INCREASING DISTRIBUTION DYNAMICS The number of customers served rose by 6,01% as compared to Q4 2007/2008 (on average 9,177 customers per quarter), and year on year by 15.25% The number of products offered by ACTION came to 17,265 items The number of invoice items increased by 7.06% as compared to Q4 2007 (on average 537,995 items per month), a rise of 12.98% year on year There were over 5.37 mln visits to I-serwis website descriptions monthly - a rise of 18.56% as compared to Q4 and 39.6% more calculated year on year The number of items per order increased from 8.78 to 9.16, i.e. by 4.26% as compared to Q4 2007/2008 and 8.8% calculated year on year The implementation of a new modern warehouse system was commenced. The system will start operating by 31 August 2009 and will enhance the Company's logistics capacity even threefold. IMPLEMENTATION OF THE STRATEGY 7

8. SFERIS Two TV campaigns involving ASUS and HP notebooks - intensive communication within the period of one and a half months translated into growing SFERIS brand awareness Goods and services sales rose by 58.5% year on year 6 new shops were opened - in Katowice, Rzeszów, Białystok, Dąbrowa Górnicza, Konin and Piła Further 3 shops are planned to be opened at the beginning of 2009 ACTION UKRAINA - works on improving effectiveness and implementing modern organizational standards A.PL - works on the preparation of a new website IMPLEMENTATION OF THE STRATEGY 8

9. Optimising operating expenses Revision of investment plans Verification of sales strategy Change to the protection policy ACTIONS INTENDED FOR THE UPCOMING CRISIS 9

10. On 24 November 2008 an agreement was signed between: ACTION S.A. Management Board PCF S.A. Management Board Vobis S.A. Management Board The goal of the agreement is to: assess the possibility of creating the largest entity on Polish IT distribution market by the companies develop a structure and method of conducting the transaction 10 SOURCING AGREEMENT

11. 11 THANK YOU FOR YOUR ATTENTION