RB 24/2018

Date: 4 April 2018

Subject: Conclusion of sale agreement of the enterprise of Fitness Club S4 sp. z o.o. sp. k.

Legal basis:Art. 17 item 1 of MAR – inside information

With reference to the current Report no. 41/2017, dated 22 August 2017, the Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter “Issuer”) informs, that on 4 April 2018, a sale agreement (“Agreement”) of the enterprise of Fitness Club S4 sp. z o.o. sp. k. was concluded between Fitness Club S4 sp. z o.o. sp. k. (“Company”) and Fitness Management sp. z o.o. with its registered office in Warsaw (“Fitness Management”), a subsidiary of the Issuer.

Fitness Management was indicated as an entity authorized to enter into the Agreement by Fit Invest sp. z o.o. with its registered office in Warsaw ("Fit Invest"), a parent company of Fitness Management and a party to the preliminary agreement for the sale of the Company's enterprise dated 22 August 2017.

Pursuant to the Agreement, Fitness Management acquired from the Company its enterprise, consisting of a network of 14 fitness clubs located primarily in Warsaw (the "Enterprise") for PLN 22.239.172,11. The price may be reduced according to the terms of the Agreement.

Due to the value of revenues of the Enterprise in the last two financial years (2016 and 2017) within the territory of the Republic of Poland, the aim of concentration between the Company and Fitness Management related to the acquisition of the Enterprise is not subject to notification to the President of the Office of Competition and Consumer Protection.