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Benefit Systems S.A.

Capital/Financing Update • Oct 16, 2018

5529_rns_2018-10-16_8a6bdb1f-17e8-482f-b97c-a4bdcbeb4e47.html

Capital/Financing Update

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TheManagement Board of Benefit Systems S.A. with its registered seat inWarsaw (the "Issuer") informs that on 16 October 2018 a loan agreement("Loan agreement") was concluded between the Issuer ("Lender") andBenefit Systems International sp. z o.o. with its registered office inWarsaw ("Borrower"), in which the Issuer holds 100% stake, in the amountof PLN 12.5 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 30.4 million.

Theloan amount will be distributed in one tranche 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.