RB: 11/2025
Date: 25 February 2025
Summary of subscription and conditional allotment of series C bonds
Legal basis: Article 56 Sec. 1 Item 2 of the Act on Public Offering – Current and Periodic Information

Text of the report:

In reference to the current report no. 10/2025 of 21 February 2025 on decision on series C bonds issue by Benefit Systems S.A. with its registered seat in Warsaw (the “Issuer”) issued under the Issuer's bond issuance programme (the “Bonds”), the Issuer hereby informs that on 25 February it made a conditional allotment of 1,000,000 (one million) Bonds with a total nominal value of PLN 1,000,000,000 (one billion zlotys). The final allotment and issuance of the Bonds will take place at the National Securities Depository S.A. on the issue date scheduled for March 11, 2025, following the execution of settlement instructions and payment by the investors of the Bonds conditionally allotted to them in accordance with the Issuer's decision.
The full terms and conditions of the Bonds issue will be made available to the public after the Bonds are introduced into the Catalyst Alternative Trading System operated by the Warsaw Stock Exchange.

Summary of information about the Bonds:

Date of Issue: March 11, 2025.

Date of redemption: March 11, 2030.
Interest rate: variable, based on a prime rate of WIBOR 6M plus a margin of 190 bps

Summary of offering information:
Subscription start and end date: 24 February 2025 – 25 February 2025
Date of conditional allotment of securities: 25 February 2025
Number of securities subscribed: 1,000,000
Number of securities subscribed for during the subscription: 1,000,000
Number of securities allotted during the completed subscription: 1,000,000
Average reduction rate: not applicable. After conclusion of subscription the Issuer did not reduce subscriptions
The price at which securities were subscribed (acquired): PLN 1,000
Total nominal value of financial instruments: PLN 1,000,000,000
The number of persons who subscribed for securities during subscription - 61,
The number of persons to whom securities were allotted during subscription - 61,
Names of underwriters who have subscribed for securities in the performance of underwriting agreements: not applicable. The bonds were not subscribed for by the underwriters.
Total amount of costs incurred, that are included in the costs of issue: costs will be recognised in the Issuer's financial statements in the months incurred as costs associated with the issue of the Bonds.