Benefit Systems S.A.

Capital/Financing Update • Nov 6, 2018

Loan agreement within Benefit Systems' capital group

The Management Board of Benefit Systems S.A. with its registered officein Warsaw (hereinafter, the "Issuer") informs that on 6 November 2018 aloan agreement was concluded ("Loan agreement") between the Issuer("Lender") and Fit Invest sp. z o.o. with its registered office inWarsaw ("Borrower"), in which the Issuer holds 100% stake, in the amountof PLN 73.4 million. As a result of this agreement the total value ofloans concluded between the Lender and the Borrower in the last 12months has reached PLN 125 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 December2023. 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 investment activities inthe fitness segment.