Benefit Systems S.A. — Share Issue/Capital Change 2020

Apr 2, 2020

Issue of shares under a conditional increase of the Company's sharecapital

The Management Board of Benefit Systems S.A. (the "Company") herebyinforms that on 1 April 2020, 300 E series ordinary bearer shares withnominal value of PLN 1.00 each, issued by the Company in connection withthe exercise by eligible person of the rights under H seriessubscription warrants granted to them as part of the Incentive Schemefor 2017-2020, were recorded on the securities accounts of the eligibleperson.

Record of dematerialized shares of a publicly traded company onsecurities accounts is equivalent to the issue of shares within themeaning of Article 451 § 2 of the Commercial Companies Code.

Therefore, after the issue of the above mentioned series E shares, theCompany's share capital currently amounts to PLN 2 859 142.00 and isdivided into 2 859 142 shares with a nominal value of PLN 1.00 each,including:

• 2 204 842 ordinary bearer A series shares,

• 200 000 ordinary bearer B series shares,

• 150 000 ordinary bearer C series shares,

• 120 000 ordinary bearer D series shares,

• 300 ordinary bearer E series shares,

• 184 000 ordinary bearer F series shares.

The total number of votes resulting from all issued shares of theCompany is 2 859 142 votes.

The amount of the conditional increase in the share capital after theissue of the aforementioned E series shares stands currently at PLN 99700.