Asseco Company Profile. Table of contents.

From a startup to a global IT company ……………………………………... 3

Software which changes reality ………...……………………………...…. 4

We are an international federation of companies ………………... 5

Our strength lies in people …..…………………………………………………… 6

We create value for our shareholders …..………………..……………………….. 7

We are an expert in various sectors ……………………………………….. 8

Banking …..…………………………………………………………………. 10

Payments …………………………………………………………………… 10

Insurance …………………………………………………………………… 11

Public Administration …..…………………………………………… 11

Healthcare …………….…………………………………………………… 12

Defense and Uniformed services ………………………… 12

Energy and Gas ………………….…………………………………….. 13

Telecommunication and Media …………………………………… 13

ERP solutions ………………………………………………………………. 14

Business Intelligence ………………………………………………… 14

Cloud services ……..……………………………………………………. 15

Security ………………..……………………………………………………… 15

Our values …….……………………………………………………………………………… 16

Why ? ……..……………………………………………………………………….. 17

2 From a startup to a global IT company.

When I established one of the first IT startups in almost 30 years ago, I believed that software was the future of IT.

When I established one of the first IT startups in Poland tive to large IT corporations. The Group's companies 80 of them. We have been constantly strengthening As a leader I have been lucky to have met the right almost 30 years ago, I believed that software was do not only share similar business objectives, but also our competencies and looking for innovative solutions people while building our Group. I am thinking of a team the future of IT. That is why I decided to build a strong a vision, values and partnership relations. We focus – only in 2019, we allocated nearly EUR 210 million of hard-working people who believe in the sense of Polish software company. I knew very well that such on freedom of action, entrepreneurship and excellent to R&D. As a result, we are able to create modern and what we do and have taken up many challenges which companies were successful in other countries, espe- knowledge of local markets. innovative products which are appreciated by customers seemed unfeasible at first. However, we would not cially in Western Europe and the US. from all over the world. become the leading software producer in Europe without We take a responsible approach to business – we pay the trust of our customers and business partners. During the first several years of our activity we focused taxes at our revenue-generating locations and support We are a stable company which has been creating on intensive development in Poland, which was marked local communities. I am convinced that such a business value for its shareholders for years. In 2019, the sales by Asseco Poland's debut on the Stock Exchange model allows for long-term, stable development revenues of the Asseco Group reached nearly in 2004 – that was a turning point for the company. in the modern world. EUR 2.5 billion, out of which 89% were generated It helped us to raise capital for further development and from international operations. The growing share expansion abroad. Today, Asseco is not only the largest IT company of companies from outside Poland in the Group's total in Poland and Central and Eastern Europe, but also revenues and cross-sector diversification confirms This is how the project of building the Asseco Group a global player which is present in over 55 countries. the effectiveness of our development strategy. Adam Góral began – our aim was to establish an international We have been developing both organically and President of the Management Board of Asseco Poland federation of companies, which would be an alterna- through acquisitions – since 2004, we have made over

3 3 Software which changes reality.

The Asseco Group is present everywhere where technology and business impact everyday life. We are a federation Our systems are used by banks, energy and telecommunication companies, the public sector and the health of companies which operate worldwide. It is led by Asseco Poland, which is one of the first startups established care service. We know that we cannot fail and we take full responsibility for projects that we implement. in Poland. In this way, we have been building the trust in Asseco and its value for many years.

We believe that together with our customers we can improve the comfort of many people. We use our compe- We have been constantly improving our competencies and investing in research and development because tencies and experience to create software which has a real impact on the present and the future. the most important thing for us it the success of our customers. Such an approach to business has enabled us to become the market leader in Poland, , South-Eastern Europe and Central Europe.

Nearlyprawie Over Our companies are listed on EUR billion the Warsaw Stock Exchange, One of the biggest software 2 mld2.5 NASDAQ and the Tel Aviv 80 producer in Europe inpr zrevenuesychodu Stock Exchange acquisitions inw 20120159 r. since 2004

We are present We employ Including almost in over Nearly

+ 27,200 5,200 30 years 55 EUR 210 people in R&D of experience countries million on R&D in 2019

4 We are an international Asseco is a global federation of companies, in which the principles of partnership and cooperation and the ability to operate effectively on local markets are important. We have an excellent understanding of federation of companies. the specificities of the countries we operate in. We create products that are recognizable and trustworthy, which, combined with the knowledge of our customers and their markets, enable us to successfully implement even the most important projects. We are committed to a responsible approach towards our employees, customers, contractors, and the countries our companies operate in.

5 Our strength lies in people. Adam Góral Founder and the President of the Management Board, Asseco Poland

Jozef Klein Chief Executive Officer, Asseco International Guy Bernstein Chief Executive Officer, Asseco Chief Executive Officer, Formula Central Europe Systems

Rafał Kozłowski Vice President of the Management Zbigniew Pomianek Torben Falholt Board, Asseco Poland Vice President of the Management Chairman of the Supervisory Board, Daniel Araújo Member of the Management Board, Board, Asseco Poland Asseco Denmark Chief Executive Officer, Asseco PST Asseco International

Marek Panek Vice President of the Management Piotr Jeleński José Antonio Pinilla Lozano Board, Asseco Poland Przemysław Sęczkowski 6 President of the Management Board, Management Board Consultant, Member of the Management Board, Member of the Management Board, Asseco South Eastern Europe Asseco Asseco International Asseco International We focus on continuous growth We create value of our financial results. for our shareholders. CAGR 2012-2019: 9.4%

Revenues 2,186 2,480 1,734 1,813 2,049 (EUR million) 1,325 1,373 1,488

It was a debut of Asseco Poland on the Warsaw Stock Exchange (WSE) in 2004 which made it possible to 2012 2013 2014 2015 2016 2017 PF* 2018 2019 develop an international IT company. At present, we are the largest Polish IT company listed on the WSE * Data including Formula Group results for August and September 2017 and are included in the WIG30 Index.

Today, the Asseco Group companies are listed on stock exchanges not only in Poland, but also in Israel and CAGR 2012-2019: 6.4% the US. This translates into the transparency of our business and focus on the effectiveness of undertaken activities. As a result, we constantly create value for our shareholders. EBIT 280 non-IFRS** 181 166 176 203 202 193 246 (EUR million) 2012 2013 2014 2015 2016 2017 PF* 2018 2019

* Data including Formula Group results for August and September 2017 ** Non-IFRS figures including adjustments for amortization charges on intangible assets recognized in purchase price allocation (PPA) as well as for the costs of share-based payment (SBP) transactions with employees Shareholders structure of Asseco Poland: 22.95% Market Asseco Poland capitalization 1.3 billion 9.9996% 52.29% Reddev Investments Limited* all subsidiaries listed 5.1 billion on exchanges* AVIVA OFE NN OFE 9.74%

Adam Góral Other shareholders 5.03% EUR* Data as at July 15, 2020, market capitalization of 100-percent subsidiaries of Asseco Poland

* Holding shares directly and indirectly through S.A. and in connection with the concluded Agreement of 27 December 2019 according We consistently execute to art. 87 section 1 item 5 of the Public Offering Act EUR 57.5 m EUR 57.9 m EUR 57.1 m EUR 58.9 m EUR 59.8 m our dividend policy. EUR 57.0 m EUR 51.3 m EUR 47.9 m Nearly EUR 580 milion EUR 41.1 m Tel Aviv Stock in dividends paid Warsaw Stock NASDAQ, EUR 35.0 m Tel Aviv Stock Exchange: Exchange: EUR 24.4 m Exchange: EUR 19.8 m

EUR 8.7 m

■ Asseco Poland ■ ■ Matrix IT EUR 0.15 EUR 0.29 EUR 0.34 EUR 0.45 EUR 0.53 EUR 0.58 EUR 0.62 EUR 0.69 EUR 0.72 EUR 0.69 EUR 0.71 EUR 0.72 EUR 0.69 DY: 1.8% DY: 2.6% DY: 3.5% DY: 4.6% DY: 5.1% DY: 5.9% DY: 4.8 % DY: 5.4% DY: 5.4% DY: 6.7% DY: 6.0% DY: 4.1% ■ Asseco Business Solutions ■ Sapiens International DY: 0.9% ■ Asseco South Eastern Europe ■ Magic Software 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7 We are an expert Specialization in various sectors. in key sectors.

The Asseco Group develops innovative IT solutions which have a real impact on the reality around us. Our products and services increase comfort and safety of millions of people around the world. We use our cross-sector and international know-how and experience to meet the ever-growing expectations of our customers. Thanks to this, we have been successfully improving the performance of hundreds of compa- nies and organizations all over the world.

Diversified sales structure of the Asseco Group in 2019:

12% 24% 7% 38%

81% 38%

Fields of activity:

Proprietary software and services Banking and finance Proprietary software Cloud services Security

Third-party software and services General business

Hardware and infrastructure Public administration ERP applications Business Intelligence

8 Technology for business, solutions for people.

9 Banking. Payments.

Modern banking accompanies customers around the clock, wherever Full scope of banks' Money never sleeps. In the 21st century these words acquire Wide portfolio they are. The role of classical branches has been taken over by mobile requirements: a particular importance because the electronic payment network of proprietary solutions and e-banking solutions which must be easy to operate, comfortable covers the whole world and is active every day around the clock. for the payment sector: and safe. Customers of both commercial and cooperative banks expect ■ Core banking systems Regardless of whether a transaction takes place in a classic shop an offer which is adapted to their needs. Asseco has multi-annual ■ Omni-channel and mobile or in virtual space, both sides expect that a payment will be made ■ E-commerce support solutions experience in software development. Thanks to our solutions banks can quickly and securely. Asseco develops solutions dedicated ■ Mobile payment solutions Risk management always be where their customer is. ■ to traditional trade and e-commerce as well as the management ■ Payment cards, management and compliance of payments, ATMs and automatic transaction systems. Shopping of transactions Software for brokers ■ with us never goes wrong. ■ Management of ATMs, cash and custody services dispensers, multimedia kiosks and POS terminals

we support we support Competence we process Competence > 6,600 centers centers employees supplying > 600,000 banks with software 420 17 million POS terminals and services cooperative banks in Poland, Portugal, card transactions the , Denmark, per month > 9,500 in > 30 countries in Poland Israel, the , , ATMs and the Philippines in the Balkans and Spain

Significant 1,200 We support payments for share in over banks 50% employees responsible for in Poland the market over 45% of banks the payment services division in the Czech Republic and Slovakia over 80% of banks ■Prz>et wa5.5rz millionamy: in the Balkans > 220 tokenization transactions per month banks worldwide ■ > 65 million 80% in the core system over 50% banks e-commerce transactions market in Angola in Israel per month 10 Public Insurance. Administration.

Safety is a key factor. This simple principle applies not only to IT systems, Competencies in the area of: Modern information technology solutions help with building a friendly A diverse offer for but also to daily lives of millions of people – their money, property, cars, country. Comfort and convenience of a citizen depend on the security the public sector: as well as health. As one of the world's largest software providers for ■ Property and casualty of the systems which process sensitive data. The Asseco Group has the insurance sector, we understand this well. Therefore, we constantly insurance been developing tailor-made solutions for the central administration ■ Proprietary solutions and continuously develop our competencies and provide our customers ■ Health insurance and advanced products for local administration for years. The products for central administration with tools, which enable comprehensive support of sales channels, ■ Life insurance meet the highest requirements in the field of security. We are a supplier ■ Advanced products optimization of their offer and administration of policies. you can rely on and a trusted partner for public institutions. for local administration ■ Planning, implementing and monitoring of smart services in cities – Smart City

Competence Competence among global software sup- centers centers pliers for the insurance sector >3,400 employees of software suppliers for the public sector in In Slovakia and Israel, with working on the projects for in Poland, Israel, Slovakia, Central-Eastern Europe the public administration over 35 years of experience the Czech Republic, and the Balkans

Asseco's solutions ensure compliance with IFRS 17 reporting for insurance companies > 3,000 The largest software supplier for the Public Administration sector* employees We have been working for cooperating for years the insurance sector with the institutions dealing with social We cooperate with entities >350 insurance (ZUS, among others) insurers and reinsurers cooperating > 90 with the Asseco Group worldwide local government bodies > 500 companies in Europe including >220 in Poland use Asseco's solutions to manage the Solvency II directive 11 *Source of Data: Computerworld TOP200, edition 2020 Defense and Healthcare. Uniformed services.

Thanks to state-of-the-art IT solutions, the healthcare sector has finally We offer variety of proprietary Migration flows, terrorism, cybercrime and attacks against critical We offer solutions entered the 21st century. Managing operations of a medical facility, solutions: infrastructure. The beginning of the 21st century has brought major in various fields: circulation of documents and a treatment process with the support of challenges, which states and Uniformed services have to face a user-friendly IT system translates into a more effective treatment, ■ Dedicated, unique and comprehen- around the world. In response to their needs, the Asseco Group ■ Critical infrastructure as well as greater patient and staff comfort. When an accurate diagnosis sive systems and eHealth projects offers a range of solutions contributing to strengthening security by management and software implementation is needed, you can rely on Asseco. for the government linking it to the latest available technologies. For over 40 years we ■ Cyber-safety and defense We offer solutions for small medical practices and large hospitals, ■ Central transactional systems, portals have been gaining experience on international defense markets and ■ Solutions for Uniformed at regional and central level. and document circulation manage- we are a trusted partner for agencies with global reach. services ment systems for health insurance (DMS) ■ Command and Control ■ Hospital Information Systems (HIS), systems for medical practices (GP), electronic medical records

Competence Competence We develop solutions for > 900 centers centers ministries and employees > 350 clients healthcare working on solutions for in Poland, Israel, the Czech worldwide funds the healthcare sector Republic and Slovakia in Poland and Israel

The largest IT supplier for We support over 530 hospitals in Poland, the Czech Republic, the healthcare sector in Poland* Slovakia and . A sector leader in Over 70,000 people use Asseco's solutions in clinics, medical units and doctor's offices. Poland and Israel Our Blood Bank system operates in 17 Blood Donation and Blood > 30 Care Centers and in the Military Blood Donation and Blood Care Quality certificates: Center. implemented projects ISO 9001:2015 We have created mobile applications dedicated to patients for NATO and ISO/IEC 27001:2013 - Medical Information and Home Medicine Box – that enable the European Union (EU) convenient management (via smartphones) of medicines and AQAP 2110:2009 *Source of Data: Computerworld TOP200, edition 2020 information provided by medical units. AQAP 2210:2015 12 Energy Telecommunication and Gas. and Media.

We usually think about electricity only when it is off. However, with- We develop comprehensive IT Telecommunication is one of the most dynamically developing Our offer supports all of the following processes: out it, modern societies could not function normally. That is why it is so solutions for: sectors in the world. It has to face infrastructural challenges, important for energy companies to have access to technology that constantly improve the quality of offered services and enrich ■ Offer management (Product Catalogue) is trustworthy. Asseco's systems support all processes related to elec- ■ Spin-off companies its offer. On this competitive market, Asseco offers systems ■ Sales in all channels (omnichannel) tricity distribution management, capital management and customer ser- which support sales and advanced customer service. They ■ Energy distributors ■ eCommerce and CRM for B2C and B2B markets vice. The combination of our experience and expertise makes us are used by the largest telecommunication and media ■ Companies dealing with ■ Customer Self Management portals the preferred partner for most energy companies operating in Poland customer service companies operating in Poland. and allows us to strengthen our presence on international markets. ■ Fault and abuse detection and Revenue Protection Systems ■ Billing and Customer Finance Management ■ Added Services (VAS), including bulk SMS ■ Network and provisioning platforms ■ Real Time Marketing ■ Data retention

Flagship product: Competence Competence Asseco Utility centers We are the leading centers provider of billing Management generates 60% systems in Poland Solutions of electricity bills in Poland, , issued in Poland the Czech Republic and Spain in Poland and Israel

> 200 40 million > 600 specialists companies in Europe customers receive 800 invoices issued use AUMS responsible for our employees in our billing systems IT solutions for the utilities sector specialized in working for telecommunication and media sectors

We have been cooperating with our customers since 1989. We conduct sales activities in 40 countries on 4 continents. 13 ERP Business solutions. Intelligence.

The success of each business depends on making good decisions and Wide offer of the ERP Aristotle once said that a true knowledge is a knowledge of causes. Comprehensive offer of BI using the right tools. The Asseco Group's portfolio of the ERP solutions solutions and services: However, having detailed data is one thing, and drawing valuable software and services: supports all processes for micro, small and mid-sized companies and conclusions from them is another. Business Intelligence solutions the largest enterprises. Thanks to our cross-market experience, we have ■ Proprietary software offered by Asseco help managers with transforming their information ■ Data warehouses for all business segments become one of the market leaders in Central Europe. ■ Third-party software into knowledge that allows them to make right decisions. This is ■ Professional consulting services particularly important in the business world, where effective action ■ Consulting and ■ Proprietary solutions for financial institutions should be supported by rapid analysis of information held and its implementation services ■ Mandatory reporting and Anti-Money Laundering (AML) proper interpretation. systems ■ Implementation of third-party software

Our solutions have been Over implemented in Competence centers 200 employees > 50 of banks in Poland and in Poland, Israel, Germany, South-Eastern Europe use Slovakia and the Czech Republic BI solutions implemented responsible for the countries by Asseco Business Intelligence field

Competence

Co-creation of the first data warehouse centers > 30,000 >75,000 for the National Bank of Poland (NBP) active users, from over 40 countries clients using 12 Asseco ERP systems and the data warehouse for the largest of our SFA mobile sales support applications Polish banks. In Poland and the Balkans

specialists > 1,600 Clients in over countries taking care of our solutions 10 14 Cloud services. Security.

Cloud services bring many benefits to companies: high availability, cost Our offer includes: IT security is one of the most important challenges of today's world. We are a well-proven flexibility and ensure business continuity. The interest in cloud comput- Mass popularization of the use of modern technologies by states, partner for: ing has been constantly growing, both among corporate enterprises as ■ Construction, modernization, companies and individual users is posing increasingly serious threats. well as small and mid-sized companies. Cyber-security services avail- maintenance and development In Asseco, we look at security widely and not only from the level of Central and local of Data Processing Centers (CPD) able in the cloud will become increasingly important as they keep pace individual solutions. We understand it as the security of companies from administration with rapidly changing threats. ■ Cloud Computing in a public, various sectors, the protection of critical infrastructure, as well as the stability private or hybrid model and continuity of operations of the largest IT systems in the country. Army and Uniformed ■ Modern solutions for banking, In all these areas, effective security of data processing is crucial. services insurance and utilities companies available in SaaS model ■ Electronic signature based International on the cloud technology organizations ■ Online banking payment solutions Companies ■ Cloud solutions based among software producers on the concept of multi cloud 1 for the public sector in Poland Energy sector Financial institutions 330 *Source of Data: Computerworld TOP200, edition 2020 Healthcare sector cooperative banks in Poland use modern Telecommunication sector internet banking solutions in SaaS model Over > 950 >30 Asseco clients implemented projects years use ERP and SFA systems 40 for the EU agencies available in a cloud of international experience and NATO in the field of defense and security

We provide cloud solutions for electronic Competence and mobile banking Certification Center centers for 50 banks in South Asseco has been included in the group of technological Eastern Europe partners of the National Cloud the biggest Polish provider of e-signature – one of the most important in Poland, Israel, Denmark, is a leader of the sales of SSL certificates in Poland IT initiatives in Poland Slovakia and the Balkans 15 supports the majority of the Polish qualified services market Our values.

We are fully committed to the implemented projects and always set high standards. We combine our values with unique experience and expertise. We do not give up where others do. Our customers' success gives us the greatest satisfaction.

Respect. Commitment. Responsibility.

We expect mutual respect from We are fully involved in every project, We take responsibility for our work ourselves and others and the success of our clients gives us and the environment in which we the greatest satisfaction. operate.

Effectiveness. Quality. Professionalism.

We are ambitious and consistently We set high standards for We constantly improve our qualifications strive to achieve our goals. the quality of all our activities. and are willing to share our experience.

16 Why We understand Asseco? the needs of our customers

Proprietary Social software responsibility

Comprehensive Flexible and partnership High quality range of services approach of products

Rich and industry Global and local network expertise of business partners

17 Asseco Poland S.A.

14 Olchowa St. Branch office in Warsaw 35-322 Rzeszów 13 Adama Branickiego St. 02-972 Warsaw tel.: +48 17 888 55 55 fax: +48 17 888 55 50 tel.: +48 22 574 82 00 email: [email protected] fax: +48 22 574 82 82

asseco.pl asseco.com Asseco Group Asseco Poland www.asseco.com www.asseco.pl

@asseco_group @asseco_pl linkedin.com/company/asseco-group linkedin.com/company/asseco-poland youtube.com/user/AssecoPolandSA facebook.com/AssecoPolandKariera/

Asseco Company Profile © 2020