Benefit Systems S.A.

Capital/Financing Update • Jan 24, 2020

Conclusion of a credit agreement and a multi-purpose credit lineagreement with BNP Paribas Bank Polska

The Management Board of Benefit Systems S.A., with its registered officein Warsaw (hereinafter, the ‘Company', the ‘Issuer'), informs aboutsigning by the Issuer on 24 January 2020 with BNP Paribas Bank PolskaS.A. with its registered seat in Warsaw (‘Bank') a non-renewable creditagreement of PLN 70 million ("Non-renewable credit agreement" or"Agreement 1") and a multi-purpose credit line agreement of PLN 30million ("Multi-purpose credit line agreement" or "Agreement 2").

Under the Non-renewable credit agreement, its availability is 12 monthsfrom the date of signing Agreement 1 and can be used for investmentpurposes in accordance with the strategy of Benefit Systems Group. Thecredit period is 48 months from the date of signing the Agreement 1.

Under Agreement 2, the credit limit can be used to finance currentoperations over a period of 12 months from the date of signing theMulti-purpose credit line agreement.

In connection with the said agreements, the Company is obliged toprovide a statement on submission to court enforcement procedureconducted pursuant to Article 777 §1 Item 5) of the Code of CivilProcedure, with the content as agreed with the Bank.

Other terms and conditions of the agreement do not differ from thosecommonly used for this type of agreements. Detailed rules for grantingloans by the Bank are set out in the regulations available on the Bank'swebsite. In addition, the Company's Management Board informs that thesaid agreements were concluded in order to diversify the sources offinancing.