Benefit Systems S.A.

Capital/Financing Update • Feb 19, 2019

Conclusion with Santander Bank Polska S.A. of an annex to the agreementfor a limit for the bank guarantees

The Management Board of Benefit Systems S.A. with its registered seat inWarsaw (hereinafter, the ‘Company'), informs that the Company hasreceived an annex dated 18 February 2019 (hereinafter, the ‘Annex')signed by Santander Bank Polska S.A. with its registered seat in Warsaw(hereinafter, the ‘Bank'), to the agreement for a limit for the bankguarantees dated 2 April 2012.

The subject-matter of the Annex consists in particular of a change ofthe amount of the Bank's commitment to provide guarantee on the basis ofthe principal's order/instruction up to the amount of PLN 60 000 000during the loan availability period until 30 April 2019, for thefollowing guarantee types: guarantees for payment of all kinds ofliabilities arising from tenancy agreements and good performanceguarantees for tenancy agreements.

In connection with the aforesaid Annex, the Company is obliged to make astatement on submission to court execution procedure pursuant to Article777 § 1 Item 5) of the Polish Code of Civil Procedure up to PLN 151 500000 (which also includes the claims arising from the agreement of 18July 2012 for multi-purpose and multi-currency credit facility line, asamended), whereby the Bank will be able to apply for attaching a writ ofexecution to the notarial deed (i.e. the enforcement title) until 30June 2026.

In the remaining scope, the Annex contains provisions commonly used inthis type of agreements.

There are no connections between the Company and the Bank. There arealso no connections between the persons managing or supervising theCompany and the persons managing or supervising the Bank.