Benefit Systems S.A.

Major Shareholding Notification • Dec 1, 2020

Notification of major shareholding

The Management Board of Benefit Systems S.A. with its registered seat inWarsaw (hereinafter, the "Company") hereby announces that in furtheranceof Article 69 Sec. 1 Item 1), Article 69 Sec. 1 Item 2), Article 69 Sec.2 Item 1) letter a) in conjunction with Article 69a Sec. 1 Item 3) andArticle 87 Sec. 5 Item 1) of Act of 29 July 2005 on Public Offering,Conditions Governing the Introduction of Financial Instruments toOrganized Trading, and Public Companies (consolidated text: Journal ofLaws 2019, item 623, as amended) (hereinafter, "Act on PublicOffering"), on 30 November 2020, the Management Board of the Companyreceived, from Ms. Agnieszka Van Bergh (hereinafter, the "NotifyingParty") a notice.

The Notifying Party informed the Company about simultaneous, indirectdisposal and acquisition of shares in the Company in a numberrepresenting over 10% of the total number of votes in the Company.

Simultaneous indirect acquisition and disposal, by the Notifying Party,of shares in the Company occurred as a result of obtaining on 27November 2020 by Benefit Invest 2 Corporation with its principal placeof business in the city of Halifax, Nova Scotia Canada (hereinafter,"Benefit Invest 2"), being fully owned subsidiary of the NotifyingParty, the status of a dominant entity (within the meaning of Article 4Item 14) of the Act on Public Offering) over Benefit Invest Limited withits registered seat in Dublin (hereinafter, "Benefit Invest"), whichholds 10.38% of the total number of votes in Benefit Systems, as aresult of acquiring by Benefit Invest 2 from the Notifying Party of 120shares in Benefit Invest (hereinafter, "Transaction").

The Notifying Party informed that the Transaction has not resulted in achange in the total number of shares or votes in the Company, heldindirectly by the Notifying Party.

Prior to the Transaction the Notifying Party held and after theTransaction the Notifying Party still holds indirectly 540,049 shares inthe Company, constituting 18.66% of the shares in the share capital ofthe Company, representing 540,049 votes in the Company, constituting18.66% in the total number of votes in the Company, wherein:

1) prior to the Transaction:

a) Benefit Invest held 300,421 shares in the Company, constituting10.38% of the shares in the share capital of the Company, representing300,421 votes in the Company, constituting 10.38% in the total number ofvotes in the Company;

b) Fundacja Drzewo i Jutro held 239,628 shares in the Company,constituting 8.28% of the shares in the share capital of the Company,representing 239,628 votes, constituting 8.28% in the total number ofvotes in the Company;

2) after the Transaction:

a) Benefit Invest 2 holds indirectly, through Benefit Invest, 300,421shares in the Company, constituting 10.38% of the shares in the sharecapital of the Company, representing 300,421 votes in the Company,constituting 10.38% in the total number of votes in the Company;

b) Fundacja Drzewo i Jutro holds 239,628 shares in the Company,constituting 8.28% of the shares in the share capital of the Company,representing 239,628 votes, constituting 8.28% in the total number ofvotes in the Company.

Additionally, the Notifying Party informed that:

1. there are no subsidiaries of the Notifying Party (within the meaningof Article 4 Item 15) of the Act on Public Offering), other than BenefitInvest and Fundacja Drzewo i Jutro, that hold the shares in the Company;

2. in relation to the Notifying Party there are no persons referred toin Article 87 Sec. 1 Item 3) letter c) of Act on Public Offering, and

3. the Notifying Party is not entitled to votes from the shares of theCompany as referred to in Article 69 Sec. 4 Items 7) - 9) of the Act onPublic Offering, other than as indicated above.