RB 17/2018 
Date: 23 March 2018
Subject: Loan agreements within Benefit Systems Capital Group
Legal basis: Art. 17 item 1 MAR – inside information 

The Management Board of Benefit Systems S.A., with its registered seat in Warsaw (hereinafter, the ‘Issuer’), informs that on 23 March 2018, the following loan agreements were concluded between the Issuer (hereinafter the ‘Lender’) and Fit Invest sp. z o.o., with its registered seat in Warsaw, a wholly owned subsidiary of the Issuer (hereinafter the ‘Borrower’):

1. A loan agreement in the amount of PLN 4 851 000; to be paid to the Borrower by 23 March 2018.
The interest rate on the loan is floating and has been determined on market conditions. The loan is to be repaid by 29 February 2024.
The loan is to enable the Borrower to meet the objectives related to the investment activity in the fitness area.

2. A loan agreement for PLN 3 000 000; to be paid to the Borrower in tranches, according to the Borrower's needs.
The interest rate on the loan is floating and has been determined on market conditions. The loan is to be repaid by 29 February 2024.
The loan is to enable the Borrower to finance current operations, including those related to investment activities in the fitness area.

The loan agreements do not contain conditions precedent, conditions subsequent and contractual penalties. The remaining terms of the loan agreements do not differ from those commonly used in this type of contracts.

As a result of the conclusion of the above-mentioned agreements, the total value of loan agreements concluded between the Lender and the Borrower in the last 12 months reached PLN 114 679 800.