Luxembourg, July 18, 2013 – A consortium led by INTRASOFT International has been awarded a framework contract of an estimated value of 26 million EUR and a maximum duration of 5 years by the European Commission - Directorate General Taxation and Customs Union (DG TAXUD).  The scope of this contract (ITSM2 Lot 2) is the provision of IT services for managing the Trans-European Systems of DG TAXUD, highlighting once more INTRASOFT's International prominent position as a leading provider of IT services for Tax and Customs.

INTRASOFT's International participation is estimated to reach up to 67% of the aforementioned total budget. Other members of the consortium include Sword Technologies Belgium and IBM Belgium.

DG TAXUD plays a critical role in developing and managing the Customs Union, as well as in developing and implementing tax policy across the EU for the benefit of citizens, businesses and the Member States. In fulfilling its mission, it relies heavily on mission-critical IT systems that cover a broad range of operations related to customs and taxation procedures within the EU.

The work under this contract will be under Lot 2 and includes the provision of support services for the coordination of the implementation of Trans-European Systems across the EU member states. In particular, it entails the management of the deployment as well as the provision of support services for the Customs Information Systems, Excise Movement Control System (EMCS), Taxation and Modernised Customs Code indicatively.

Mr. Athanasios Kotsis, CEO of INTRASOFT International commented: “We are very honoured to be able to contribute to DG TAXUD's critical mission in managing the customs union and implementation of tax policy within the EU, a key focus for all governments globally during these times of financial crisis. Once more, this latest IT contract with the European Commission represents a vote of confidence in our Group and its solutions and is an indicator of the company's strong reputation of a trusted IT partner within the European public sector ICT market.”

###

About the Directorate General Taxation and Customs Union

The Directorate General Taxation and Customs Union's mission is to develop and manage the Customs Union, a foundation of the European Union, and to develop and implement tax policy across the EU for the benefit of citizens, businesses and the Member States. Particular attention is given to the Internal Market, by making sure it functions smoothly and efficiently. The Directorate General works to provide solutions in the tax and customs fields to Member States and economic operators, thus enabling them to respond to current economic, social and environmental challenges, both at European and international level. To achieve its mission, the Directorate General prepares legislative and non-legislative strategic initiatives for adoption by the European Commission as well as working with Member States on improved co-operation and information sharing.

About Trans-European Systems (TES)

Most of the IT systems of DG TAXUD are Trans-European Systems spanning all Member States of the EU. The users are the national administrations, the traders' community and the Commission Services. A trans-European system (TES) performs specific business functions in Customs or Taxation as defined in or in support of Union policies. TES is a collection of collaborating systems with responsibilities distributed across the National Administrations and the Commission. It includes processes, applications, services and infrastructure.

About INTRASOFT International

INTRASOFT International is a leading European IT Solutions and Services Group with strong international presence, offering innovative and added-value solutions of the highest quality to a wide range of international and national public and private organisations. The company employs more than 1,600 highly-skilled professionals, representing over 20 different nationalities and mastering more than 18 languages. With headquarters in Luxembourg, INTRASOFT International operates through its operational branches, subsidiaries and offices in Belgium, Bulgaria, Denmark, Cyprus, Greece, Jordan, Moldova, Morocco, Romania, Palestine, Philippines, Saudi Arabia, UK, USA and Yemen. More than 500 organizations in over 70 countries worldwide (Institutions and Agencies of the European Union, National Government Organizations, Public Agencies, Financial Institutions, Telecommunication Organizations, and Private Enterprises) have chosen the company's services and solutions to fulfil their business needs. INTRASOFT International is a subsidiary of the ASE-listed INTRACOM Holdings, one of the largest multinational technology groups inSE Europe, with more than 35 years of experience.

For more information, please visit: www.intrasoft-intl.com

Information for Press only

Kalliopi Chioti, Communications & Corporate Social Responsibility Manager

INTRASOFT International

Tel. +30 210 6679076, E-mail: Kalliopi.Chioti@intrasoft-intl.com