LSI Software S.A. — Earnings Release 2017

Jan 11, 2018

The Management Board of PGS Software S.A. ("Company", "Issuer") with itsregistered office in Wrocław hereby publishes information about thesales revenues achieved in the fourth quarter of 2017. (All numbers inthousands PLN)

According to preliminary calculations, the approximate value of salesrevenues in the fourth quarter of 2017 amounted to 25,518, whichindicates an increase of 14.8%, compared to the same period in 2016.There was an increase of 20.2% when counted in EUR. In the third quarterof 2017, the Company acquired 3 new clients.

In relation to the third quarter of 2017, the Issuer's revenuesdecreased by 5.3%. The revenue in EUR decreased by 3.7% in the same timeperiod.

The Management Board expects that for the obtained profit in the fourthquarter of 2017, the valuation of currency hedges will have a positiveimpact amounting to 1,000.

The Issuer's Management Board informs that the above-mentioned value ofrevenues is an estimation and may be subject to change. The final valueof revenues and the Company's financial results for the fourth quarterof 2017 will be published in the annual report.