Benefit Systems S.A. — M&A Activity 2024

Aug 12, 2024

Report Content Obtaining consent from the Bulgarian Competition Commission for theacquisition of the Flais fitness club chain in Bulgaria (Concentration)

In relation to current report no. 37/2024 dated 20 June 2024, theManagement Board of Benefit Systems S.A. with its registered seat inWarsaw (the _quot;Issuer_quot;) hereby informs that on 12 August 2024, theIssuer's subsidiary - Next Level Fitness OOD with its registered officein Sofia, Bulgaria (the _quot;Subsidiary_quot;) received a decision of theBulgarian Competition Commission dated 8 August 2024, approving theconcentration consisting in the acquisition of:

1) 100% of shares in the share capital of the following companies:Fitness Flais Corporation OOD, Power Ronic OOD, Happy Group 1 OOD,Fitness Flais Group OOD, Fitness Flais Pro OOD, Flais Fit OOD and FitEnergy OOD operating a total of 11 fitness clubs operating under thename _quot;Flais_quot; and having 2 fitness clubs under construction, all locatedin Sofia,

2) certain assets belonging to 6 fitness clubs (including 2 fitnessclubs under construction) located in Sofia and the conclusion of newlease agreements concerning these fitness clubs,

3) the right to the word-and-graphic trademark Flais,

(the _quot;Transaction_quot;).

Obtaining consent to the concentration was a condition for theTransaction to be carried out by the Subsidiary.