Current Report No.: 44/2019
Date: 9 December 2019
Legal basis: Article 17 Sec. 1 MAR - confidential information
Subject: Dividend Policy of Benefit Systems S.A. for years 2020 - 2023

The Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter, the “Company”) hereby would like to inform you that on 9 December 2019, the Management Board adopted Dividend Policy for years 2020 - 2023 (hereinafter, the “Dividend Policy”), with the following wording:

Dividend Policy for years 2020-2023

In each year of the Dividend Policy, the Management Board will recommend it to the General Meeting to pay out a dividend with the value representing at least 50% of the consolidated net profit of the capital group of the Company for the preceding financial year. The Management Board’s recommendation will take into account the financial and liquidity situation, the development prospects and investment needs of the Company and of the capital group of the Company.

The Dividend Policy will be reviewed from time to time.

The Dividend Policy has been in effect and applicable starting from distribution of profit for the financial year ended on 31 December 2019. The above Dividend Policy was positively pinioned by the Supervisory Board of the Company on 9 December 2019.