RB-5-2020 Impact of SARS-CoV-2 Coronavirus and COVID-19 Incidents on the Company's Operations and Financial Results

In reference to the recommendations of the European Securities and Markets Authority and the Polish Financial Supervision Authority of the 12th of March, 2020, the Management Board of Comarch S.A. (The "Company") provides information on the possible impact of the SARS-CoV-2 coronavirus spread and COVID-19 incidence on the Company's operations and financial results.

The Management Board of the Company informs that the operational activity of the Company and the Comarch Capital Group is conducted without any disruptions. The Comarch Group implements all guidelines recommended by the Chief Sanitary Inspectorate and other state institutions in the countries of the Group's operational activity, with particular regard to safety, health and hygiene recommendations. Business trips to countries identified by the Chief Sanitary Inspectorate as high risk countries have been suspended, direct contacts of employees within the organization are limited, and the remote work mode of office workers has been launched on a larger scale. Remote communication methods are commonly used in business contacts.

The Management Board of the Company emphasizes that the activities of the Company and the Group are very well diversified in terms of industry, product and geography, and the current situation does not pose a threat to the financial stability of the Company.

In terms of revenue from sales, in individual countries in which the Comarch Group operates, due to the increase in the number of cases and issued recommendations of state authorities regarding mobility reduction, a temporary decrease in revenue from the sales of offered services and products is possible, but its value is not estimable at the moment. The financial results achieved in the coming periods will also be influenced by: the duration of the epidemic, further administrative restrictions in the functioning of states, restrictions imposed on entrepreneurs, the possibility of using aid packages launched by individual countries, as well as fluctuations in exchange rates and the financial condition of the Company's clients.

The Company's Management Board monitors on an ongoing basis the development of the situation related to the continuing effects of the spread of SARS-CoV-2 coronavirus and COVID-19 incidence and their impact on the Company's operations. Significant changes in this situation will be communicated in current reports.