1. Public Offer Doradztwo Gospodarcze DGA S.A. IPO 2003 PRESENTATION Modern consulting services for the Great Ones of tomorrow

2. page 2 Contents © DGA 2003 About us Our products Why choose us?

3. page 3 Investment opportunity in a strong Polish consulting firm © DGA 2003 Poznań-based consulting firm with 14 years experience Unique combination of business consulting services and IT solutions Poland’s access to the EU is a unique opportunity for rapid growth Turn-key customer services: - business consulting – Doradztwo Gospodarcze DGA S.A. - audiiting, book-keeping, taxes – Usługi Audytorskie DGA Sp. z o.o. - legal advice – Kancelaria Prawna Marcin Piszcz i Wspólnicy Spółka Komandytowa about us we’re competent...

4. page 4 Consulting services market in Europe © DGA 2003 Consulting services in Europe EUR 46.5 billion of revenues in 2003 57,000 consulting firms 300,000 management consultants 0.42% - the share of consulting firms in GDP total Source: FEACO, 2002 – Survey of European Management Consulting Market about us we're competent... BC business consulting CF investment banks BC in business structures HR human resources IT IT companies

5. page 5 Consulting services market in Europe © DGA 2003 about us we're competent... Structure of the consulting services market in Europe Source: Kennedy Information, Inc. Excellent forecasts for the Polish consulting services market 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 050010001500200025003000 Gross Domestic Product (EUR bln) GDP to consulting fees ratio Consulting services market in relation to the economic potential of European countries Belgium Hungary Bulgaria Slovenia Denmark Switzerland Austria Portugal Romania Germany France Italy Spain Russia Greece Poland UK Poland

6. page 6 Consulting services market in Europe © DGA 2003 about us we're competent... Revenues structure in Europe Projected growth of the world market of consulting services 3.1% CAGR $ 119.1 $ 123.4 $ 130.6 110 115 125 130 135 2002200320042005 Consulting services revenues worldwide (in USD billion) Source: FEACO, 2002 – Survey of EMCM 120 Source: Kennedy Information, Inc. Human Resources Consulting 10.7 % IT Consulting/ Implementation 28.5 % Operations Management 28.2 % Corporate Strategy Services 19.9 % Outsourcing Services 12.7 %

7. page 7 © DGA 2003 about us we're competent... DGA - a major player on the Polish consulting services market DGA - the leader of the Polish consulting services market – 2002 1. DGA S.A. PLN 12.0 million 2. EVIP GFPLN 11.2 million 3. Doradca Consultans PLN 6.0 million 4. Frąckowiak i Wspólnicy Konsulting Sp. z o.o.PLN 6.0 million 5. Pro-Invest PLN 2.9 million Dominant position in the Wielkopolska region 1. DGA S.A. PLN 12.0 million 2. Frąckowiak i Wspólnicy Konsulting Sp. z o.o.PLN 6.0 million 3. CEG, Finansista, TEB

8. page 8 DGA - a major player © DGA 2003 about us we're competent... on the Polish consulting services market Other players on the consulting services market IT Sector IMG – PLN 44 million – 110 people Infovide – PLN 14.8 million – 33 people Plaut – PLN 11.5 million – 30 people „The Big Four” ABC – PLN 65.9 million – 104 people Accenture –...... – 159 people Deloitte & Touche –..... – 57 people KPMG –....... – 50 people 450 companies accredited by PARP (Polish Agency for Enterprise Development) DGA – we have 75 consultants today and are still growing... our customers keep coming back

9. 13.2 2.0 1.4 page 9 DGA - constant growth © DGA 2003 about us we're competent... taking care of shareholders Dynamic growth 9 52 13 33 9 28 5. No. of - full-time employees - consultants 6. Revenue on sales (in PLN million) 7. Gross profit (in PLN million) 8. Net profit (in PLN million) 4,78 3,772,33 4. Equity (PLN million) 2,01 1,820,54 17.9% 11.9% 12.4% 10.4% 1,82 3.2% 7.5% 29.4 40.721.3 200220012000 Basic ratios 2. Return on sales - gross - net Ratio 1. Return on Equity (RoE) *) 2001 - a contract with the World Bank including a major number of subcontractors 6.6 0.7 0.5 11.8 1.9 1.4 3. EBITDA (PLN million)

10. page 10 Transparent structure © DGA 2003 about us we're competent... organizational and technical potential Management Board Marketing Departament Business Support Departaments Key personnel 7 years Jacek Musiał 6 years PawełRadziłowski 10 years Management and Finance 13 years Area of activityPosition Jacek Musiał Management Consulting, IT Products Paweł Radziłowski Business Consulting Waldemar Przybyła European Union Services Anna Szymańska Andrzej Głowacki Years in DGA 13Years Vice-President of the Board President of the Board Infra-Structure Projects Name Our people  75 consultants  very low rotation  motivative wages scheme  high wages  regular training program Our potential  Knowledgeable in ISO 9001:2000 management system  without a single sheet of paper  ISO 17799  SCALA system to be implemented soon Management model  highly independent departments accountable for their profits and revenues with  common working procedures – info.dga  sales unit in every department Our strenghts Business Consulting European Union Services Management Consulting IT Products

11. page 11 DGA - our competitive edge © DGA 2003 about us we're competent... First of all, our customers... Our achievements... mergers - PKE, ENEA ISO implementation – KHW, CU training - World Bank World Bank

12. page 12 DGA - our competitive edge © DGA 2003 about us we're competent... Competent, vigorous and highly- motivated team Modern DGA equipment and experienced team of consultants Constant product development New products in 2003: Export loan insurance BS 7799 Project fiches (UE) DGA Process v.2 Business consulting supported by IT solutions (DGA QUALITY, DGA PROCESS) Info.dga vortal, CRM, ISO systems and procedures

13. page 13 Risk diversification © DGA 2003 and turn-key customer services Management Consulting Restructuring of business processes Quality management systems Support for implementing software systems IT consulting services Information security 1997 European Union Services Regional development plans and strategies Projects and applications for assistance and structural funds Project management Development of human resources Public and private partnership 2003 Business Consulting Financing export projects Corporate Finance CRM Restructuring and outsourcing Strategy and BSC Controlling of operations 1990 IT Products DGA Process: business process modeling tool DGA Quality: quality systems implementation software DGA Workflow: workflow management system DGA Learning DGA Project Managment DGA Controlling DGA BSC 2001 our products we're efficient...

14. page 14 © DGA 2003 BUSINESS CONSULTING our products we're efficient...

15. page 15 Business Consulting © DGA 2003 Trends/Growth Basis  Growth tendency in the consulting services market worldwide, ca. 3-8% per annum.  Consulting services in Poland account for 0.14% of the GDP (Poland ranks 19th among 20 FEACO members).  The demand for consulting services in marketing, business strategies, human resources management and CRM will grow in the near future.  UE funds for adaptation to market changes are likely to increase the demand for consulting services (SME sector). Competitors: Cap Gemini Ernst & Young, Deloitte & Touche, PricewaterhouseCoopers, KPMG, EVIP, Doradca, Pro Inwest, BRE Corporate Finance, SJOS our products we're efficient...

16. page 16 © DGA 2003 Flagship Business Consulting projects  Establishment of Grupa Energetyczna ENEA in Poznań (merger of 5 power supply companies).  Formation of Południowy Koncern Energetyczny in Katowice (merger of 8 power plants).  Participation in the amicable proceeding of NETIA.  Sales transactions of Treasury stock: Wierzynek, Bester, etc.  Restructuring the assets of Telewizja Polska S.A.  Polska Grupa Farmaceutyczna S.A. – framework of a CRM system. our products we're efficient...

17. page 17 © DGA 2003 MANAGEMENT CONSULTING our products we're efficient...

18. page 18 Business processes and information management © DGA 2003 Competitors: IDS Scheer, Big4, IBM/PwC, Infovide, info-consulting. our products we're efficient... Trends / Growth basis  Customers are confused; they search for consultants who will guide them through the processes of requirement definition, negotiations with IT companies and implementation supervision.  Growing awareness of the consequences of implementing badly chosen IT systems creates a need for pre- implementation analysis.  End of the ownership structure changes in Poland and a shift towards increasing efficiency require detailed process optimization (e.g. logistics).  Uncontrolled growth of outlays in IT creates the need to restructure this area (IT departments) / rationalization of expenses.

19. page 19 Quality management © DGA 2003 Trends / Growth basis  Constantly updated areas of organization management certification and standardization (e.g ISO 9001, ISO 14001, OHSAS 18001, ISO 17799).  Central and local governments being obliged to implement quality management standards (EU: UK government).  Implementing quality management standards makes Polish organizations compliant with certain EU standards in this respect.  It is estimated that within the next 4 years the employment in the quality management sector will grow by 100 thousand people. Competitors: Bureau Veritas, KEMA, TUV konsulting, CIOP, GIG, ZETOM, ENERGOPROJEKTY, ENERGOPOMIAR, Umbrella, Doradca, Simptest our products we're efficient...

20. page 20 © DGA 2003 Flagship Management Consulting projects  Implementation of a quality system in KATOWICKI HOLDING WĘGLOWY S.A. based on DGA’s software tools.  Optimization of business processes aimed at implementing an ERP system in PROVIMI group (ROLIMPEX), in KŁODAWA SALT MINES, DLS and JELFA S.A. Implementation of a workflow system in LUBOŃ CHEMICAL WORKS and in the CENTRAL INSTITUTE OF LABOR PROTECTION. Ongoing process optimization services for POLKOMTEL. Implementation of quality systems incorporating DGA’s software tools in KGHM group companies (PeBeKa i CBJ), SKODA, RHODIA Polyamide Poland, COMMERCIAL UNION, ELEKTROWNIA TURÓW, 3 power&heating plants and in 8 power supply companies. Process integration of the quality system in GRUPA ENERGETYCZNA ENEA. Reconstruction of the quality systems in the POLISH CENTER FOR RESEARCH AND CERTIFICATION and the TECHNICAL SUPERVISION AUTHORITY based on DGA’s software. Services for over 40 companies through the „Introduction to Quality” program held by PARP. our products we're efficient...

21. page 21 © DGA 2003 IT PRODUCTS our products we're efficient...

22. page 22 © DGA 2003 IT Products Trends / Growth basis  SMEs require IT solutions, thus causing demand for cheap but specialized software.  Only 5% of certificate holders own software supporting system maintenance (EU average: 40%).  The number of requests for workflow system implementation grew by 20% within the first six months of 2003.  Planned update of ISO standards indicates BSC as the main tool for measuring the flexibility of quality systems – growing demand for specialized software. Competitors: Micrografx, IDS Scheer, T-Komp, DomData, Logotec, MIS, Optix our products we're efficient...

23. page 23 Programming supporting business experience © DGA 2003 DGA BSC DGA Project Management DGA Workflow DGA Learning DGA Quality DGA Process Controlling of operations Data Security Strategy and BSC IT Consulting Services Restructuring and outsourcing Support for IT system implementation Quality management system CRM Restructuring business processes Product DGA Controlling our products we're efficient...

24. page 24 © DGA 2003 EUROPEAN UNION SERVICES our products we're efficient...

25. page 25 Development of human resources © DGA 2003 Trends / Basis for growth Competitors: Regional Development Agencies, Local Democracy Development Foundation, universities, Economic Education Foundation, Doradca, WGK, Uniconsult  It is estimated that in the years 2004-2006 Poland will absorb EUR 11 368.6 million of EU funds allocated for structural purposes. 15% of that sum will be spent on the projects carried out within the Sectoral Program for Human Resources Development.  High unemployment rate, low education levels, mismatched supply and demand of the Polish workforce, necessity to minimize social exclusion and ensuring equal opportunities on the job market - all these factors will result in an influx of EU funds to Poland our products we're efficient... Customers Provincial Employment Agencies Local Employment Agencies Local Government Units Non-Profit Organizations

26. page 26 Assistance in the preparation and management of projects © DGA 2003 Trends / Basis for growth financed by EU aid funds Competitors: Regional Development Agencies, Local Democracy Development Foundation, universities, Economic Education Foundation. our products we're efficient... It is estimated that in the years 2004-2006 Poland will absorb EUR 11 368.6 million of EU funds allocated for structural purposes. 40% of that sum will be spent on the projects carried out within the Integrated Operational Program for Regional Development. It is estimated that ca. EUR 650 million will go to consulting firms. Customers Local Territorial Government Units Churches Universities Employment Agencies Non-Profit Organizations

27. page 27 Polish Consulting Leader Stock on the WSE © DGA 2003 Why should I buy DGA stock? 1. Growing consulting services market in Poland 1. Unique position of DGA on the consulting services market 1. Impressive list of clients 1. Unique reliability of key people in DGA 1. Brilliant ideas for the future why choose us? we're reliable...