RB: 4/2023
Date: 3 February 2023
Notification of major shareholding
Legal basis: Art. 70 sec. 1 of the Act on Public Offering

Text of the report:

The Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter, the "Company", "Benefit Systems") hereby announces that on February 3, 2023 they had received from Generali Powszechne Towarzystwo Emerytalne S.A. with its registered seat in Warsaw ("Notifying Party"), managing Generali Otwarty Fundusz Emerytalny ("Generali OFE"), Generali Dobrowolny Fundusz Emerytalny ("Generali DFE") a notification pursuant to Art. 69 in connection with art. 87 sec. 1 point 2b of the Act of July 29, 2005 on public offering and conditions for introducing financial instruments to an organized trading system and on public companies (the "Act on Public Offering") that in result of a change of the management of NNLife Otwarty Fundusz Emerytalny ("NNLife OFE") and NNLife Dobrowolny Fundusz Emerytalny ("NNLife DFE") by the Notifying Party, pursuant to art. 66 sec. 1 and 6 and art. 68 of the Act of August 28, 1997 on organization and functioning of pension funds (i.e. Journal of Laws of 2020 item 105 with following amendments) ("Act on Pension Funds") ("Management Change"), on February 1, 2022, share in the share capital and the total number of votes in the Company held by funds Generali OFE, Generali DFE, NNLife OFE and NNLife DFE (hereinafter "Funds") increased above 5%.

Before the Management Change, Generali OFE and Generali DFE held together 54,948 shares of the Company, representing 1.87% of the share capital of the Company, entitling to 54,948 votes at the General Meetings of Benefit Systems, representing 1.87% of the total number of votes in the Company. NNLife OFE and NNLife DFE held together 221,624 shares of the Company, representing 7.55% of the share capital of the Company, entitling to 221,624 votes at the General Meetings of Benefit Systems, representing 7.55% of the total number of votes in the Company.

After the Management Change, Generali OFE, Generali DFE, NNLife OFE and NNLife DFE held together 276,572 shares of the Company representing 9.43% of the share capital of the Company, entitling to 276,572 votes at the General Meetings of Benefit Systems, representing 9.43% of the total number of votes in the Company, of which NNLife OFE held 219,655 shares of the Company representing 7.49% of the share capital of the Company, entitling to 219,655 votes at the General Meetings of Benefit Systems, representing 7.49% of the total number of votes in the Company

Additionally, the Notifying Party informed that:

1. there is no occurrence of any subsidiary of Funds that hold shares in the Company

2. there is no occurrence of any person pursuant to art. 87 sec. 1 point 3c) of the Act on Public Offering;

3. it holds no other financial instruments, pursuant to art. 69b sec. 1 point 1) and 2) of the Act on Public Offering

4. total number of votes of the Funds counted pursuant to art. 69 sec. 4 point 9 of the Act on Public Offering is 276,572 representing 9.43% of the total number of votes in the Company.