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

Presentation of the consolidated results of the Sygnity Group for Q4 2008

Warsaw, 26 February 2009

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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.

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

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Results for Q4 2008 vs Q4 2007

[PLN ’000] Q4 2007 Q4 2008

Revenues 371 217 337 087

Operating profit (loss) 54 697 27 475

Operating profit (loss) without restructuring write-offs/revenues from assets’ sale 27 281 27 475

Net profit (loss) * 42 504 18 440

* including one-off gain in the amount of PLN 27.4 million.

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Results for 2008 vs 2007

[PLN ’000] 2007 2008

Revenues 1 206 513 1 001 760

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.

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Revenues structure in 2008 vs 2007

2007 vs 2008

226 604

144 613

218 800

118 287

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

Q4 2007 Q4 2008

Q4 2007 vs Q4 2008

Revenue[PLN ’000]

61%

39%

65%

35%

672 494

534 019

657 609

344 151

0

200 000

400 000

600 000

800 000

1 000 000

1 200 000

1 400 000

2007 2008

Goods and materials

Products and services

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]

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Revenues in 2008 vs 2007 by sector

Sector

[PLN ’000]2007 2008

Public* 506 419 413 136

Banking and finance 320 322 270 725

Utilities 124 657 92 403

Telco industry 255 115 205 330

Total 1 206 513 1 001 760

* Revenues decreased by PLN 18.3 million du to assets disposal

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Financing

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Debt situation

[PLN ’000] 30.9.07 31.12.07 31.3.08 30.6.08 30.9.08 31.12.08 As of the publication

date

Bonds -85 -60 -57 -58 -63 -63 -61

Loans and credit facilities

-192 -107 -84 -68 -56 -31 -23

CashFunds in escrow accounts

24 51 4813

3618

40 5830

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.

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Outlook for bonds’ servicing in 2009

Sources offinancing

Operating cash-flow generated in2008 and H1 2009

Disciplined working capital management

Assets disposals

Roll-over of bonds, on-going basis

Financing from new institutions

Bonds’ maturity:

March 2009 April 2009 June 2009 July 2009

PLN 3,570,000 PLN 1,730,000 PLN 5,860,000 PLN 50,000,000

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2009 outlook

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Backlog

Sector 2009 backlog [PLN ’000]

Banking and finance 98 252

Public 94 480

Telco industry 53 543

Utilities 45 071

Total 291 885

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.

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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.

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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

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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)

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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

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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

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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

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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