RB: 37/2021
Date: 26 October 2021
Summary of subscription of series E ordinary bearer shares in exchange for series G, H and I subscription warrants
Legal basis: Article 56 Sec. 1 Item 2 of the Act on Public Offering – Current and Periodic Information

Text of the report:

The Management Board of Benefit Systems S.A. with its registered office in Warsaw (hereinafter, the "Company") hereby announces the summary of private offer of the Company shares (the "Offer") including subscription of series E ordinary bearer shares in exchange for series G, H and I subscription warrants ("Series E Shares") in line with the rules of the "Incentive Plan for 2017-2020", as set forth in resolutions of general meeting of the Company, as announced by the Company in the reports No. 18/2016 of June 15, 2016 and in reference to the reports No. 10/2020 of April 1, 2020 (hereinafter jointly "Allotment I"), No. 31/2020 of September 30, 2020, No. 41/2020 of November 6, 2020 (hereinafter jointly "Allotment II") and No. 32/2021 of October 1, 2021 ("Allotment III"). In accordance with the provisions of the above-mentioned resolutions of the general meeting, September 30, 2021 was the last day of accepting subscriptions for Series E Shares under the "Incentive Program for 2017-2020".

1. Series E Shares subscription start and end date - accepting subscriptions for Series E Shares in exchange for series G, H and I subscription warrants - from September 1, 2018 to September 30, 2021,

2. Date of Series E Shares allotment - in reference to 39 255 shares within Allotment III: September 30, 2021, in reference to 35 145 shares within Allotment II: September 30, 2020, in reference to 300 shares within Allotment I: September 30, 2019,

3. Number of securities subscribed - 75 000 Series E Shares,

4. Reduction rate - not applicable,

5. Number of Series E Shares subscribed for during the Offer - 74 700,

6. Number of Series E Shares allotted during the Offer - 74 700,

7. The price at which Series E Shares were subscribed - PLN 491.93,

8. The number of persons who subscribed for Series E Shares - 47,

9. The number of persons to whom Series E Shares were allotted - 47,

10. Name of the underwriter - none,

11. Value of the conducted Offer - PLN 36 747 171.00,

12. The estimated amount of costs related to the Offer arising from Series E Shares issue - PLN 108 000.00,

13. The average cost of conducting the subscription incurred by the Company per 1 Series E Share amounted to PLN 1.45.