RB 38/2018

Date: 17 May 2018

Subject: Loan agreement with an associate of Benefit Systems S.A.

Legal basis: Art. 17.1 of MAR – Inside information

The Management Board of Benefit Systems S.A. of Warsaw (the “Company”) announces that on the date of this report the Company received a PLN 15m loan agreement of 16 May 2018 (the “Loan Agreement”) concluded between the Company (the “Lender”) and Benefit Partners Sp. z o.o. of Warsaw (the “Borrower”), an associate of the Company. Following the execution of the Loan Agreement, the total value of loan agreements concluded between the Lender and the Borrower in the last 12 months reached PLN 31m.

The loan amount may be disbursed in tranches, depending on the Borrower’s needs. The loan bears interest at a variable rate set on arms’ length basis. The final repayment date of the loan is 31 December 2022. The Loan Agreement contains no conditions precedent or subsequent, and does not provide for any contractual penalties. The other terms of the Loan Agreement do not differ from standard terms used in agreements of this type.

The purpose of the loan is to facilitate the Borrower in financing its activities related to the lease of sports equipment.