Quantum Software : 10/2016 – Conclusion of a material agreement by a subsidiary

Legal basis: Article 56. 1 point 2 of the Act on Public Offering - current and periodic information.

The Quantum Software S.A. Management Board informs it has gained knowledge that the total value of agreements concluded by Quantum Qguar sp. z o.o. (based in Cracow), its subsidiary, with DINO S.A. company in the last 12 months exceeded 10% of the Issuer's equity capital which means that it has met the criterion under § 9.8 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic reporting.

The agreement with the highest value is the order for software licenses from 12h of April 2016, amounting to USD 143 888 (about PLN 561 163,20). The agreement is a standard service provided by the Issuer's subsidiary within its core business activity on arm's length terms and conditions applicable to agreements of its kind.

According to § 2 point 44 a) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic reporting a criterion for considering the agreement as significant is the value of the Issuer's equity.
This information is indicated on the basis of §9 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic reporting to the extent required by that provision.