Luxembourg, December 2, 2013 – A consortium that includes INTRASOFT International has been awarded a framework contract of 37.8 million EUR value by the European Commission - Directorate General Taxation and Customs Union (DG TAXUD) for the provision of IT services in the areas of Taxation and Excise (FITSDEV3), highlighting once more INTRASOFT's International prominent position as a leading provider of IT services for Taxation, Excise and Customs.

 The scope of this contract is the provision of business and technical specifications, development, maintenance of applications and support of all existing and future Taxation and Excise Trans-European Systems and applications. INTRASOFT's International participation is estimated at 45% of the project. The consortium also includes Arhs Developments S.A. The project has an initial 3-year duration, but can be renewed up to 5 times, each time for a period of 12 months, with a maximum duration of 8 years.

 DG TAXUD provides a wide portfolio of Trans-European IT systems and services to Member States, businesses and citizens, as well as to the Commission internal staff that are critical for the sustainability of EU policies and objectives in the field of customs and taxation.

 Mr. Athanasios Kotsis, CEO of INTRASOFT International commented: “Once more, we are very pleased to be able to contribute to DG TAXUD's mission to assist Member States in fighting against fraud and tax evasion and in reducing compliance costs for citizens and businesses. This latest IT contract is one of the many projects that showcase the international capacity of our company, while it justifies the leading position of INTRASOFT International within the EU administration and public sector ICT market. We are honoured that the European Commission –being confident that we have the expertise- continues to trust our people and our high-quality IT services.”

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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 business 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. Taxation and Excise TES contribute to the achievement of DG TAXUD's mission, as they support the real-life implementation of tax and excise policy across the EU for the benefit of its citizens, businesses and Member States. The main business objectives of TES and applications for Taxation and Excise are to assist Member States in fighting against fraud and tax evasion and to reduce compliance costs for citizens and businesses.

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 17 countries: Belgium, Bulgaria, Denmark, Cyprus, Greece, Jordan, Moldova, Morocco, Romania, Palestine, Philippines, Saudi Arabia, UK, UAE, 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