Presentation of consolidated results of the Sygnity Group for Q3 2009

Warsaw, 13 November 2009

2

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

this presentation. All liability is borne by the user of this presentation. The

presentation is subject to protection pursuant to the Copyright and Neighbouring

Rights Act. Copying, publishing or dissemination of the presentation requires a prior

written consent of Sygnity SA.

3

Results for Q3 2009/Q3 2008 and Q1-Q3 2009/Q1-Q3 2008

Factors influencing the results:

Definitely lower sales and margins resulting from the economic downturn in majority of sectors

*One-off events influencing the operating result:

• in Q3 2009 proceeds from the sale of KPG at the level of PLN 1.3 million (in Q3 2008 from the sale of ZPC at the level of PLN 12.3 million – contract with the NFZ)

• in Q3 2009 change by PLN 4.7 million of the balance of the provisions created towards contractual penalties related with the projects (PLN 3.1 million) and doubtful receivables write-offs (PLN 1.6 million)

[PLN ‘000] Q3 2009 Q3 2008 Q1-Q3 2009 Q1-Q3 2008

Revenues 126 841 180 574 408 365 661 594

Operating profit (loss)* (4 620) 9 031 (106 144) (16 829)

Net profit (loss) (3 738) 3 728 (96 102) (20 938)

4

Revenues in Q3 2009/Q3 2008 and Q1-Q3 2009/Q1-Q3 2008 by sectors

Sector

[PLN ‘000]Q3 2009 Q3 2008 Q1-Q3 2009 Q1-Q3 2008

Public 46 815 46 969 123 940 284 871

Banking and finance 38 010 65 191 116 339 180 210

Utilities 17 760 22 082 72 579 50 145

Telco-Industry 25 330 48 123 94 571 148 495

Others and exclusions (1 074) (1 791) 936 (2 127)

Total126 841 180 574 408 365 661 594

Factors influencing the results:

Revenues in the public sector were comparable in Q3 2009 with those generated in Q3 2008, whereas in the other sectors a decrease was recorded

Lack of infrastructural orders primarily in the banking and finance and public sectors

5

Sales structure in Q3 2009 vs Q3 2008

110,481

16,360

143,510

37,064

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

Q3 2009 Q3 2008

Goods andmaterialsProducts andservices

Revenues[PLN ‘000]

87%

21%

79%

13%

6

Indebtedness

[PLN ‘000 000] 31.03.2009 30.06.2009 31.08.2009 30.09.2009 at present

Loans -25 -25 -47 -40 -25

Bonds -64 -70 -39 -40 -44

Cash 36 39 21 18 32

Net indebtedness -53 -56 -65 -62 -37

7

Savings program

Stage I (September – December 2009): cost reduction by PLN 15 million

Reducing the number and costs of subcontractors

Employment reduction

Freezing temporarily salaries and bonus systems

Reducing temporarily the working time and unpaid holidays

Reducing temporarily fixed monthly salaries

Stage II (Q4 2009 – Q1 2010): cost reduction by at least PLN 40 million within 12 months

Changes in the capital Group’s structure

Closing unprofitable production lines

Abandoning certain activities

Employment reduction

The Company has already executed the measures included in Stage II, which will result in cost reduction by PLN 20 million in 2010.

8

Change program

Expected results: new organizational structure higher enterprise profitability lower operating costs increased flexibility of the company in relation to changing market needs

Change program

Budgeting and controllingExecution

Sales

Personnel costs Non-personnel costs

IT tools

Purchases

9

Backlog 2009

Sector [PLN ‘000]

Portfolio of orders in 2009

Banking and finance 152 129

Public 154 102

Telco-Industry 117 784

Utilities 95 225

Other sales 2 110

Total 521 350

Orders for the years 2010-2011 amount to PLN 241 million (PLN 164 million in 2010)