INVEST IN TALEX

INVESTORS

Current report no. 24/2011

Date of issue: 2011-08-26

Name of issuer: TALEX

Subject: Concluding an agreement with IBM Polska Sp. z o.o. and signing the annex to the agreement with LUKAS Bank S.A

Legal basis: Art. 56 (1) (2) of the Act of 29th July 2005 on public offerings - current and periodical information

The contents of the report:

Management of Talex S.A. informs that today the Company has received information on concluding the agreement of 24 August 2011 with IBM Polska Sp. z o.o. with its seat in Warsaw (IBM).

The subject of the agreement is the acquisition by IBM of IT solution, which is a part of the subject of the delivery to Lukas Bank S.A. with its seat in Wroclaw (Bank) performed by the Company under the agreement concluded by the Company on 28 June 2011 (see: RB 18/2011).

The end user of the part of IT solution acquired by IBM remains the Bank. The value of the agreement concluded by the Company with IBM amounts to PLN 18.3 million net. The contractual provisions do not exclude the possibility of demanding by the Parties compensation claims on general principles.

At the same time, the Company together with Lukas Bank S.A. signed the annex to the agreement referred to in the Current Report No. 18/2011. By virtue of that annex, the Parties withdrew from the agreement in the area of sale of the part of solution acquired by IBM.

The value of the remuneration due to the Company was reduced by the amount of PLN 18.3 million net. Criterion for the recognition of the above mentioned agreements as significant: the amount of equity.

 

TALEX SA declares that corporate documents and financial reports are published in English for information purposes only. TALEX SA is not liable for the accuracy of the translation of the original documents in Polish. The original versions of that documents are available at the management board office in Poznań, Karpia Street 27d.

Talex S.A.

ul. Karpia 27d
61-619 Poznan, Poland
tel. +48 61 827 5500
fax: +48 61 827 5599


KRS: 0000048779
NIP: 782-00-21-045
Regon: 004772751
Shared capital: PLN 3 000 092



Talex S.A., Talex S.A.
Talex S.A.

ul. Karpia 27d
61-619 Poznan, Poland
tel. +48 61 827 5500
fax: +48 61 827 5599


Registered: 0000048779
IN VAT: 782-00-21-045
Regon: 004772751
Shared capital: PLN 3 000 092