Capital/Financing Update • Jul 27, 2018
Capital/Financing Update
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TheManagement Board of Benefit Systems S.A. with its registered office inWarsaw (the "Issuer") informs about the receipt of the loan agreement("Loan agreement") of 26 July 2018, concluded between the Issuer("Lender") and ZDROFIT sp. z o.o. with its registered office in Warsaw("Borrower"), in which the Issuer indirectly holds 100% stake, in theamount of PLN 18,0 million.As a result of this agreement the total valueof loans concluded between the Lender and the Borrower in the last 12months (including repayments made) has reached PLN 34,0 million.
The loanamount will be distributed in tranches in accordance with the Borrower'sneeds. The interest rate on the loan is floating and was determined onmarket terms. The loan is to be repaid by 30 September 2023. The loanagreement does not include any conditions precedent, conditionssubsequent and contractual penalties. Other terms of the Loan Agreementdo not differ from those commonly used in this type of agreements.
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