Benefit Systems S.A.

Related Party Transaction • Feb 12, 2019

Loan agreement within Benefit Systems' capital group

The Management Board of Benefit Systems S.A. with its registered seat inWarsaw (hereinafter, the "Issuer") informs that on 12 February 2019 aloan agreement was concluded ("Loan agreement") between the Issuer("Lender") and Benefit Partners sp. z o.o. with its registered seat inWarsaw ("Borrower"), a subsidiary of the Issuer, in the amount of PLN 9million. As a result of this agreement the total value of loansconcluded between the Lender and the Borrower in the last 12 months hasreached PLN 40 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 January 2023.The loan agreement 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.

The loan will enable the Borrower to finance operations of sportequipment leasing.