INVEST IN TALEX

INVESTORS

Current report no. 3/2012

Date of issue: 2012-03-08

Name of issuer: TALEX

Subject: Changes in the composition of the Supervisory Board of the Company

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

The contents of the report:

Management of Talex S.A. informs that on 8th March 2012 Mr. Tomasz Łodygowski, Member of the Supervisory Board of the Company and its President at the same time, submitted his resignation to the Board. The mandate of the outgoing Member of the Supervisory Board expires on 8th March 2012. The outgoing Member as a reason for his resignation gave personal matters that prevented him from performing his duties in the Supervisory Board.

In connection with the current situation, the Supervisory Board of the Company at its meeting on 8th March 2012, acting under the Articles of Association, appointed by co-opting Mr. Andrew Kurc as the Member of the Supervisory Board. In accordance with the provisions of the Articles of Association, the choice of a new Member is subject to approval by the next General Meeting of Shareholders.

Mr. Andrew Kurc is a graduate of the Department of Civil Engineering at Poznan University of Technology. Since September 1991 he was employed at Talex Sp. z o.o. as a programmer, and from August 1992 to May 1998 he was a President of the Management Board in the Talex Software Sp. z o.o. Since the transformation of Talex Software Sp. z o.o. into Talex S.A., since June 1998 he hold the following positions: Director of Software Department, Director of Project Management Office and Representative of the Management Board for Strategic Projects.

Mr. Andrew Kurc does not conduct any other business activity outside the Issuer.He does not participate in any other competitive company as a partner of a civil partnership, business partnership or a member of a body of a capital group. He does not participate in any other competitive legal entity as a member of its body. Mr. Andrew Kurc is not recorded in the Register of Insolvent Debtors pursuant to the National Court Register Act.

At the same time, the Supervisory Board of the Company adopted the resolution on the election of its new President, Member of the Supervisory Board, Ms Bogna Pilarczyk


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