Benefit Systems S.A.

Capital/Financing Update • Feb 1, 2019

Loan agreement within Benefit Systems' capital group

The Management Board of Benefit Systems S.A. with its registered seat inWarsaw (hereinafter, the "Issuer") informs that on 1 February 2019 aloan agreement was concluded ("Loan agreement") between the Issuer("Lender") and Zdrofit sp. z o.o. with its registered seat in Warsaw("Borrower"), in which the Issuer holds 100% stake, in the amount of PLN10.0 million. As a result of this agreement the total value of loansconcluded between the Lender and the Borrower in the last 12 months hasreached PLN 56.76 million.

The loan amount may be distributed in tranches in accordance with theBorrower's needs. The interest rate on the loan is floating and wasdetermined on market terms. The loan is to be repaid by 31 December2024. The loan agreement does not include any conditions precedent,conditions subsequent and contractual penalties. Other terms of the LoanAgreement do not differ from those commonly used in this type ofagreements.

The loan will enable the Borrower to finance its current operations,including investment activities in the fitness segment.