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Benefit Systems S.A.

Regulatory Filings • Apr 29, 2019

5529_rns_2019-04-29_e9538be5-edb8-4fa8-a635-84c749144ea7.html

Regulatory Filings

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TheManagement Board of Benefit Systems S.A. with its registered seat inWarsaw (hereinafter, the "Company") informs that in spiteof growth of consolidated revenues in 2019 and a stable growth of sportscards sales as projected, as a result of a number of events concerningthe fitness operations, which in particular include application, for thefirst time, of IFRS 16, which affected the presentation of the leasingexpenses, a downward trend in the revenues generated by fitness clubsand non-recurring assets acquisition transactions in 2018, the estimatedoperating profit (EBIT) of the Capital Group of Benefit Systems may belower by 5% to 10%, and profit before tax by 30% to 40% as compared toyear 2018.

Thecommunication of projected financial results for year 2019 is announcedon an occasional basis and will not change the Company's present policynot to publish financial forecasts.