Presentation of consolidated results of the Sygnity Group for H1 2009

Warsaw, 1 September 2009

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Disclaimer

This presentation has been prepared solely for information purposes. It is not an

advertisement or an offer of securities in public circulation. The information sources

used in it are considered by Sygnity reliable and precise, however, there is no

guarantee that the information is exhaustive and that it fully reflects the factual

circumstances. The presentation may contain future statements which pose an

investment risk or a source of uncertainties, and may considerably differ from factual

results. Sygnity SA shall not be held liable for the effects of decisions made based on

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Results for Q2 2009/Q2 2008 and H2 2009/H1 2008

[PLN ‘000] Q2 2009 Q2 2008 H1 2009 H1 2008

Revenues 141 149 272 238 281 525 481 020

Operating profit (loss) (85 398) (1 016) (101 523) (25 860)

Net profit (loss) (75 385) 1 629 (92 364) (24 666)

Factors influencing the results:

Effects of the economic downturn

Slump in revenues from sales of infrastructure and equipment

Write-offs in the amount of PLN 66 300 000

Final stage of execution or settlement of several unprofitable projects concluded in the years 2004-2006

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Revenues in Q2 2009/Q2 2008 and H1 2009/H1 2008 by sectors

Sector

[PLN ‘000]Q2 2009 Q2 2008 H1 2009 H1 2008

Public 35 448 138 611 77 125 237 902

Banking and finance 35 064 60 314 78 329 115 020

Utilities 33 674 16 774 54 819 28 063

Telco-Industry 38 088 56 314 69 241 100 372

Others and exemptions (1 125) 225 2 011 (337)

Total 141 149 272 238 281 525 481 020

Factors influencing the results: Lack of large infrastructural orders in the public sector (in the previous year, among others, the

Police, MEN – result of a savings program in public administration)

In the banking sector: reduction of IT expenses, reduction of the scale of operations of some banking institutions

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Sales structure in H1 2009 vs H1 2008

Revenues[PLN ‘000]

81%

39%

61%

19% Goods and materials

Products and services

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Write-off structure in Q2 2009 – PLN 66.3 million

Unprofitable projects (PLN 38.3 million) – provisions for costs related with execution of unprofitable long-term contracts concluded mainly in the years 2004-2006, legislative changes concerning certain projects and contractual penalties

Overdue receivables (PLN 11.4 million) – write-offs for contested receivables and receivables overdue for over 6 months, payment backlogs observed on the market

Stocks (PLN 10 million) – overestimated and realigned value of stocks, licences and copyrights, resulting partially from contractors’ withdrawal from planned purchases

Provisions for holiday pay and bonuses (PLN 5.7 million) – bonuses and holiday in H1 2009

Others (PLN 0.9 million) – other provisions, mainly costs following the balance sheet date

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Indebtedness

[PLN ‘000 000] 31.03.2009 30.06.2009 31.08.2009

Loans -25 -25 -47

Bonds -64 -70 -37

Cashcash in an escrow account

36 39 21

Net indebtedness* -53 -56 -62

* without cash in an escrow account intended for contracts

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Savings program

I etap

Reducing the number and costs of subcontractors

Employee lay-off

Freezing temporarilysalaries and bonus systems

Reducing temporarilythe working time and unpaid holiday

Simplifying the Group’sstructure

Closing unprofitable production lines

Abandoning someactivities

II etap Stage I Stage II

Launch of a two-stage savings program.

Stage I: Q3 - Q4 2009, Stage II: Q4 2009 – Q1 2010

Reducing temporarilyfixed monthly salaries

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Backlog 2009

Sector [PLN ‘000]

Portfolio of orders 2009

Banking and Finance 132 206

Public 147 662

Telco-Industry 115 251

Utilities 88 639

Other sales 3 670

Total 487 429

Portfolio of orders for the years 2010-2011 amounts at present to over PLN 130 million

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Prospects in 2009

Revenues of approximately PLN 700 million – lower revenues result from the economic downturn (public, banking and telco-industry sectors)

Anticipated operating profit in H2 at the level of PLN 20 million (approximately PLN 17 million following amortization)

New strategy of the Group in Q4 2009

First significant agreements on provision of service activities in western Europe