Benefit Systems S.A.

Major Shareholding Notification • Dec 3, 2020

Notification of major shareholding

The Management Board of Benefit Systems S.A. with its registered seat inWarsaw (hereinafter, the "Company", "Benefit Systems") hereby announcesthat on 2 December 2020 they received from James van Bergh ("NotifyingParty"), acting on his own behalf, Benefit Invest Limited with itsregistered seat in Dublin ("Benefit Invest") and Fundacja Drzewo i Jutrowith its registered seat in Warsaw ("Foundation"), (hereinaftercollectively referred to as the "Agreement") notification pursuant toArt. 69 sec. 2 point 2) in connection with art. 87 sec. 1 point 5) andsec. 3 of the Act of July 29, 2005 on public offering and conditions forintroducing financial instruments to an organized trading system and onpublic companies (i.e. Journal of Laws of 2020, item 2080) (the "Act onPublic Offering"), about a change of at least 1% of the total number ofvotes in the Company held by the Agreement in relation to the stateindicated in the last notification submitted by the Notifying Partypursuant to the Act on Public Offering, i.e. in the notification ofJanuary 8, 2020.

The decrease in the involvement of the Agreement in the total number ofvotes in the Company resulted from the sale by the Notifying Party onDecember 1, 2020 of 10,000 shares of the Company on the regulated marketof the WSE at the price of PLN 720 per share ("Transaction").

As at November 30, 2020, i.e. before the Transaction, the Agreement held1,077,244 shares of the Company, representing 37.22% of the sharecapital of the Company, entitling to 1,077,244 votes at the GeneralMeetings of Benefit Systems, representing 37.22% of the total number ofvotes in the Company.

After the Transaction, the Agreement holds 1,067,244 shares of theCompany representing 36.87% of the share capital of the Company,entitling to 1,067,244 votes at the General Meetings of Benefit Systems,representing 36.87% of the total number of votes in the Company.

Additionally, the Notifying Party informed that:

1. there are no subsidiaries of the Foundation, Benefit Invest and theNotifying Party (within the meaning of Article 4 Item 15) of the Act onPublic Offering), that hold the shares in the Company;

2. in relation to the Foundation, Benefit Invest and the Notifying Partythere are no persons referred to in Article 87 Sec. 1 Item 3) letter c)of Act on Public Offering, and

3. the Foundation, Benefit Invest and the Notifying Party are notentitled to votes from the shares of the Company as referred to inArticle 69 Sec. 4 Items 7) - 9) of the Act on Public Offering, otherthan as indicated above.