Asseco Poland - CEE IT LeaderING Roadshow

Vienna, July 9th 2008

Agenda

� Introduction

� Major IT projects

� Financial activity

� Potential synergies

� Foreign operations

Asseco Poland – basic info

� Largest IT company in Poland and CEE

� Leader in development of software for banking and enterprises

� Leader of an international IT group

� Experienced in execution of the largest IT projects (Social Insurance Institution, PKO BP)

� Present in 15 European countries

� Stable financial standing

� Over 8 500 employees

Shareholders

Company profile Stock data

PLN m EUR m

Market cap. 4 067 1 210

Free float 2 123 632

Avg. daily turnover on WSE

5,0 1,4

No. of shares 71 292 980

Adam Góral

11,4%Treasury shares

16,4%

Other

approx.52,2%

ING TFI

>5%

Pioneer TFI

>5%ING OFE

>5%CU OFE BPH CU WBK

>5%

Source: WSE, as on June 24th 2008

Asseco in Europe

FIBa Software: software for banking

Net Consulting: integration and IT services

Pexim: Software for banking

Logos: authentication & security

Arbor Informatika: billing systems

Pexim Cardinfo: ATM, POS

Antegra: software for banking

Software and integration

Top ranked Czech IT company

Automation & Productivity: ERP software producer

matrix42: Lifecycle Management Software

Public software and exposure to Russia

Foundations for Asseco CIS

Software for financial sector and public administration

No 1 IT company in Slovakia

Uniquare Software Development: Software for financial services

� One of the largest IT Capital Group in Europe� Over 8 500 employees� Leading position in several IT segments

Asseco vs. European IT leaders

Market capitalization (EUR m)

2 716

2 555

2 006

1 210

1154

1 116

993

954

888

766

259

185

5 662

0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 10 000

SAP AG

CAP GEMINI SA

INDRA SISTEMAS SA

ATOS ORIGIN SA

LOGICACMG PLC

ASSECO POLAND SA

SOFTWARE AG

TEMENOS GROUP AG

MISYS PLC

TIETOENATOR OYJ

DIMENSION DATA HOLDINGS PLC

ALTEN

COMPUTACENTER PLC

COMARCH SA

41 599

Source: Bloomberg, as on June 24th 2008

� Introduction

� Major IT projects

� Financial activity

� Potential synergies

� Foreign operations

Agenda

Co-operation with PKO BP

� Implementation, development and service of proprietary software(ZORBA, CESAR, CEKOR, PROMAK) and third party software and services (ALNOVA).

� New projects: Centralized Calculation System (SSR), Distrust Transaction and Fraud Location Monitoring Software (AMTF).

� ZSI implementation should be finished as planed in 2010.

� We prepared such operational plan for this business unit, to maintain its high effectiveness.

Project KSI ZUS

� Basing on the agreements signed in December 2007 Asseco executes the project of exploitation and maintenance of KSI ZUS and modifies the system according to the ZUS requirements (general agreement valid till the end of 2010).

� Further steps:

� Start of exploitation of new system applications.

� Modernization of operating systems.

� Technological development of infrastructure.

� Replacement of exploited elements of infrastructure.

� System adaptation to the organizational changes in ZUS.

� Development of Service Center.

Co-operation with PZU Group

� Under the existing agreement (dated on 08.2005) Assecoprovided the service, modification and development services to CSI INSURER (wealth insurances) and FKX (finance and accounting system). Agreement expires 09.2008.

� In the current year Asseco signed several agreements regarding among others parameterization of CSI INSURER or integration of CSI INSURER with CSI SLS (PZU solution).

� Continuation of co-operation under the existing projects.

� Co-operation with Asseco Slovakia, regarding the development of the successor of INSURER system for PZU.

� Maintenance and modifications of Support system for handling

Structural Funds.

� Development of homestead register.

� Land identification system development.

� Maintenance and modifications of Integrated Management and

Control System IACS

(subcontractor of HP).

� Further co-operation in the field of maintenance and modifications

of IACS system.

� Development of remaining systems supporting processes

controlled by ARiMR.

Projects for ARiMR

Projects for banking sector

� Dynamic development of commercial bank department in 2008 and

good perspectives for further years.

� def3000 implementation for Allianz Bank Polska.

� Co-operation with existing clients such as Deutsche Bank, BGŻ, Postal Bank, BOŚ i GBW.

� Five large projects planned, based on the implementation of

def3000 for large international and local financial institutions.

� 4 local.

� 1 international.

Telco sector

� Maintenance of SERAT billing system at TP SA. (several years

perspective).

� Portal type solutions (external, internal, sales support, etc.) for

the majority of telecommunication operators.

� E-commerce systems.

� New billing system for TP SA based on BRM Oracle technology,

developed in the co-operation with Accenture.

� Rollout of the above solutions to PTK Centertel.

� Several additional services for mobile operators (high ways toll

payments, mobile telemetric, etc.).

Agenda

� Introduction

� Major IT projects

� Financial activity

� Potential synergies

� Foreign operations

Financial results

1 283

2 982

0

500

1 000

1 500

2 000

2 500

3 000

3 500

2007 2008 consensus

Sales

Net profit

163

256

0

50

100

150

200

250

300

2007 2008 consensus

237

425

0

50

100

150

200

250

300

350

400

450

2007 2008 consensus

EBIT

2008 – market consensus of forecasts of 6 brokers

Sales by products

Sales by sectors

Enterprises

32%

Public adm.

22%

Banks and

financial institutions

46%

Other 1% Outsourcing

10%

TelCo 5%

Proprietary

software & services 43%

Third party

software & services 17%

Integration &

Hardware 24%

Source: Company annual report for 2007

Backlog

14

2982

980

1709

848

0

500

1000

1500

2000

2500

3000

3500

Asseco Poland GK Asseco Poland

Consensus Backlog

3524

1160725

4000

500

1000

1500

2000

2500

3000

3500

4000

Asseco Poland GK Asseco Poland

Consensus Backlog

� Current backlog of Asseco is approx.

PLN 848 m (PLN 514 m from proprietary

software and services).

� Current backlog of Asseco Group is

approx. PLN 1,709 m (PLN 1,072 m

from proprietary software and services).

� Respectively backlog for 2009 is approx.

PLN 400 m (PLN 191 m from

proprietary software and services).

� Backlog of Asseco Group is approx. PLN

725 m (PLN 357 m from proprietary

software and services).

• Years 2008/2009 - market consensus of sales forecasts of 6 brokers• Company’s backlog – as on the presentation date, Capital Group as on April

2008

2009

-971,2

-459,3

-52,4

-266,4

-354,8

-319,2

-183,3-110,4

-1 100,0

-1 000,0

-900,0

-800,0

-700,0

-600,0

-500,0

-400,0

-300,0

-200,0

-100,0

0,0

Q3/2007 Q4/07 Q1/08 Q2/08 Q4/08

Capital increase of ACP for 10%,

disposal of COMP

+316 m +70 m

Payback of 100m from PI

+100 m

Disposal of ABG to 33%

+50 m

Payback the remaining part f rom PI and operational CF

+84 mPLN+130 mPLN

Debt pro-forma

� Debt forecast for Q4/08 – (52) m.

� CF from operations for Q3/Q4 of approx. 130 m.

� Non operational assets: Orłowo 40 m; office building (17 stycznia) 10 m,

Zeto 7 m, Combidata 46 m, treasury shares 680 m.

Agenda

� Introduction

� Major IT projects

� Financial activity

� Potential synergies

� Foreign operations

Cost synergies

Done (79 m)

Planned (63 m)

Marketing

28 m

HR

18 mln

Office space

4 m

Advisors, transport and others

13 m

Marketing

26 m

HR

23 m

Office space

4 m

Advisors, transport and others

26 m

� Prokom G&A expenses in 2007

amounted to PLN 187m, including

restructuring costs of 20m and costs

attributable to costs of products

sold of 35m.

� On the annual basis 79m was

reduced.

� Currently the business units of

Prokom are adjusted to the Asseco

business model.

� Potential benefits from the above

should fix the G&A expenses of

Prokom business on the level of

50m by the end of 2009.

Business structure in Poland

Banking

Public administration

Enterprises (key)

Enterprises Agriculture

Telco

Healthcare

Utilities

OptiX

Integration Prokom

Integration ABG

NATO, Police, Army

Insurances

Integration Asseco

Synergies after merger with ABG and transfer of assets to Asseco Systems

� 100% share in ABG Group from Q4 2008.

� Clear competences split within the capital group.

� Potential profits from the increase of the effectiveness

of software development in ABG.

� Asseco Systems as a dedicated integrator for Asseco Group.

� Estimation of real needs and eventual restructuring

of Asseco Systems (currently integration assets of approx. 700

people).

� Optimal employment of the level of 350-400 people, what

implicates potential further savings.

First product and sales synergies

� Empirium (matrix42) to be implemented in Asseco Group.

� Empirium already offered through Pexim, Arbor, Net Consulting,

Anica,

Asseco Poland.

� Pexim - Antegra – close co-operation, prices up.

� Pexim - Net Consulting – first sale, use of discounts of Net Consuting.

� Pexim – Pexim Cardinfo – better positioned to partners and vendors.

� Pexim – Logos – Antegra – product portfolio integration, use of Logos

experience in the field of IT security systems.

� Asseco Poland – Logos – upcoming sales of Logos products for Polish

banks.

� Asseco Poland – Asseco Slovakia – development of IT solution

dedicated to insurance sector (country independent), potential sales

of StarCARD to Polish banks.

Agenda

� Introduction

� Major IT projects

� Financial activity

� Potential synergies

� Foreign operations

Upcoming IPO of Asseco SEE

� 7 companies in portfolio

� Expected net income of EUR 14 million

� One of the fastest growing IT markets in Europe

(population of approx. 57 million people)

� Dominant position in the region

� IPO planned for the 3Q 2008

� Issue of approx. 25%

� Cash acquired for new acquisitions

� Further consolidation

SEE, Greece, South East

Asseco Group today

Asseco Poland, Asseco Business Solutions, Asseco Systems, ABG

Asseco Germany

Asseco Slovakia

Asseco South Eastern Europe

Sintagma (Asseco CIS)

Asseco Group in 2009

Asseco DACH

Asseco South Western Europe

Contact

25

Contact for investors:Bartłomiej DrywaTel: +48 (22) 878 63 33 Mob.: +48 691 991 072E-mail: Bartlomiej.Drywa@asseco.pl

Contact for media:Katarzyna DrewnowskaTel: +48 (22) 878 64 78Mob.: +48 609 132 648E-mail: Katarzyna.Drewnowska@asseco.pl