Table of contents.

From a startup to a global IT company 3

Software which changes reality 5

We are an international federation of companies 7

Our strength lies in people 9

We create value for our shareholders 11

We are an expert in various sectors 13

Banking 17

Payments 18

Insurance 19

Public Administration 20

Healthcare 21

Defense and Uniformed services 22

Energy and Gas 23

Telecommunication and Media 24

ERP 25

Business Intelligence 26

Cloud services 27

Security 28

Our values 29

Why ? 31 From a startup to a global IT company.

When I established one of the first IT startups in over 25 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 70 of them. We have been constantly strengthening As a leader I have been lucky to have met the right over 25 years ago, I believed that software was the 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 future of IT. That is why I decided to build a strong a vision, values and partnership relations. We focus - only in 2018, we allocated EUR 199 million to R&D. team of hard-working people who believe in the Polish software company. I knew very well that such on freedom of action, entrepreneurship and excellent As a result, we are able to create modern and inno- sense of what we do and have taken up many chal- companies were successful in other countries, espe- knowledge of local markets. vative products which are appreciated by customers lenges which seemed unfeasible at first. However, we cially in Western Europe and the US. from all over the world. would not become the leading software producer in We take a responsible approach to business - we Europe without the trust of our customers and busi- During the first several years of our activity we focused pay taxes at our revenue-generating locations and We are a stable company which has been creating ness partners. on intensive development in Poland, which was support local communities. I am convinced that such value for its shareholders for years. In 2018, the sales marked by Asseco Poland's debut on the a business model allows for long-term, stable devel- revenues of the Asseco Group exceeded PLN 2.2 Stock Exchange (WSE) in 2004 - that was a turning opment in the modern world. billion, out of which 85% were generated from inter- point for the company. It helped us to raise capital for national operations. The growing share of companies further development and expansion abroad. Today, Asseco is not only the largest IT company from outside Poland in the Group's total revenues and in Poland and Central and Eastern Europe, but also cross-sector diversification confirms the effectiveness This is how the project of building the Asseco Group a global player which is present in over 50 coun- of our development strategy. Adam Góral began - our aim was to establish an international tries. 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 4 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.

prawie Over Our companies are listed on EUR2 mld 2.2 billion the Warsaw Stock Exchange, One of the biggest software NASDAQ and the Tel Aviv 70 producer in Europe przychoduin revenues acquisitions win 2018 r. Stock Exchange 2015 since 2004

We are present We employ Including Over in over We spent +24,000 4,800 25 years 50 199 people in R&D of experience countries million EURO on R&D in 2018 5 066 Asseco is a global federation of companies, in which the principles of partnership and cooperation and We are an international the ability to operate effectively on local markets are important. We have an excellent understanding of the specificities of the countries we operate in. We create products that are recognizable and trustworthy, federation of companies. 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.

7 8 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 Board of Directors, 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 9 Chief Executive Officer , 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 of our financial results. We create value for our shareholders. CAGR 2009–2018: 13.4% Revenue 2,186 (EUR millions) 1,845 1,734 1,813 1,373 1,488 1,198 1,324 703 809

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

It was a debut of Asseco Poland on the Warsaw Stock Exchange (WSE) in 2004 which made it possible to develop an international IT company. At present, we are the largest Polish IT company listed on the WSE CAGR 2009–2018: 4.7% and are included in the WIG30 Index. EBIT Today, the Asseco Group companies are listed on stock exchanges not only in Poland, but also in Israel and (EUR millions) 178 176 156 152 187 the US. This translates into the transparency of our business and focus on the effectiveness of undertaken 156 142 121 141 138 activities. As a result, we constantly create value for our shareholders.

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Shareholders Asseco Poland: 15.04% Market Asseco > 1 billion Poland 9.74% capitalization 65.03% all subsidiaries listed 5.16% Aviva OFE Santander > 2.2 billion on exchanges* 5.03% Adam Góral NN OFE

*Data as at April 18, 2019, market capitalization of 100-percent subsidiaries of Asseco Poland PZU OFE Other shareholders

We€ consistently execute EUR 59.8 m EUR 58.9 m EUR 57.5 m EUR 57.9 m EUR 57.1 m

our dividend policy. EUR 51.3 m EUR 47.9 m

Over EUR 518 m EUR 41.1 m The Warsaw Stock NASDAQ, Tel Aviv Stock in dividends paid EUR 35.0 m Tel Aviv Stock Exchange: Exchange (WSE): EUR 23.0 m Exchange: EUR 19.8 m

EUR 8.7 m ■■ Asseco Poland ■■ ■■ Matrix 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 0.15 DY: 1.4% DY: 3.1% DY: 2.9% DY: 4.1% DY: 5.0% DY: 5.7% DY: 6.3% DY: 5.0% DY: 5.9% DY: 6.3% DY: 6.1%* ■■ Asseco Business Solutions ■■ Sapiens DY: 1.1% ■■ Asseco South Eastern Europe ■■ Magic Software

* Dividend yield as at 25/03/2019. Wróć do spisu treści 12 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 2018:

8%

12% 22% 38%

80% 40%

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

13 14 Jesteśmy międzynarodową federacją firm.

15 16 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 of proprieta- they are. The role of classical branches has been taken over by mobile requirements: a particular importance because the electronic payment network ry solutions for the payment and e-banking solutions which must be easy to operate, comfortable covers the whole world and is active every day around the clock. sector: and safe. Customers of both commercial and cooperative banks expect ■■ Central 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 experience in software development. Thanks to our solutions banks can solutions quickly and securely. Asseco develops solutions dedicated to ■■ Mobile payment solutions always be where their customer is. ■■ Risk management traditional trade and e-commerce as well as the management of ■■ Payment cards, manage- and compliance payments, ATMs and automatic transaction systems. Shopping with ment of transactions ■■ Software for brokers us never goes wrong. ■■ Management of ATMs, cash and custody services dispensers, multimedia kiosks and POS terminals

Competence we process we support Competence > 4,000 we support centers > 420,000 centers employees supplying banks > 400 12 million POS terminals with software and services cooperative banks in Poland, Portugal, card transactions the , , per month > 9,000 in 30 countries in Poland the , Denmark, ATMs and multimedia Israel and the Philippines kiosks in the Balkans and Spain

Significant We support payments for share in over banks 50% employees responsible for the in Poland the market over 50% of banks payment services division in Czech Republic and Slovakia

over 70% of banks Przetwarzamy: ■40,000 merchants in the Balkans ■ > 200 in the e-payment network banks worldwide ■■55 milion of e-commerce over banks 80% in the core system 50% transactions per month 17 market in Angola in Israel 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 the public but also to daily lives of millions of people - their money, property, cars, country. Comfort and convenience of a citizen depend on the security sector: as well as health. As one of the world's largest software providers for of the systems which process sensitive data. The Asseco Group has ■■ Personal and real estate the insurance sector, we understand this well. Therefore, we constantly been developing tailor-made solutions for the central administration insurance ■■ Proprietary solutions for cen- and continuously develop our competencies and provide our customers and advanced products for local administration for years. The products tral administration with tools, which enable comprehensive support of sales channels, ■■ Health insurance meet the highest requirements in the field of security. We are a supplier optimization of their offer and administration of policies. ■■ Life insurance you can rely on and a trusted partner for public institutions. ■■ Advanced products for local administration

Competence Competence centers centers among global software sup- > 1,200 pliers for the insurance sector employees of software suppliers for the public sector in working on the projects for In Central Europe and In Poland, Israel, Slovakia, the Central-Eastern Europe the public administration Israel, with over 30 years Czech Republic and of experience

> 2,300 The largest software supplier for the Public Administration sector* employees We have been working for the cooperating for years insurance sector with the institutions We cooperate with > 320 institutions dealing with social insurance (ZUS, among others) > 60 local government bodies insurers and reinsurers cooperating companies in Europe including in Poland > 230 with the Asseco Group worldwide > 200 use Asseco's solutions to manage 19 the Solvency II directive 20 *Source of Data: Computerworld Top 200, edition 2018 Defense and Healthcare. Uniformed services.

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

Competence Competence We develop solutions for > 500 centers centers clients ministries and employees 352 healthcare worldwide working on solutions for funds in Poland, Central Europe the healthcare sector and Israel in Poland and Israel

The largest IT supplier for the We support over 530 hospitals in Poland, the Czech Republic, healthcare sector in Poland