Lowering the treshold for the swap shares issuance for shareholders of Asseco Central Europe

Asseco Poland decided to reduce the minimum threshold required to successfully conduct the issuance of swap shares for shareholders of Asseco Central Europe from 96% to 80%.

Asseco Poland decided to reduce the minimum threshold required to successfully conduct the issuance of swap shares for shareholders of Asseco Central Europe from 96% to 80%. The threshold has been lowered in order to increase the probability of carrying out this transaction and thereby achieve one of our strategic objectives, which is to simplify the organizational structure of the Asseco Group. The decision is going to be approved by the General Meeting of Shareholders of Asseco Poland on 23 October 2012.

Because Asseco Poland desires to successfully complete the swap transaction, its Management Board decided to lower the required minimum shareholding threshold from 96% to 80%. Having acquired an 80% voting interest in Asseco Central Europe, Asseco Poland will still obtain full control over the company. Despite the shareholding threshold has been reduced from 96% to 80%, Asseco Poland considers that shareholders of Asseco Central Europe will be highly interested in exchanging their shares for more liquidly-traded shares of Asseco Poland.

"We believe that at least 95% of shareholders of Asseco Central Europe are going to subscribe for Asseco Poland shares. We maintain our intention to ultimately withdraw the shares of Asseco Central Europe from public trading on the Warsaw Stock Exchange," says Adam Góral, President of the Management Board of Asseco Poland.

The issuance of shares will be conducted excluding pre-emptive rights of the existing shareholders of Asseco Poland. The Company is going to issue not less than 4,060,953 and not more than 6,095,238 ordinary bearer shares with a par value of PLN 1 (one zloty) each. The exchange ratio has been set at 2.1 shares of Asseco Central Europe for 1 share of Asseco Poland.