RB 45/2018
Date: 2018-05-31
Subject: Notification of ownership
Legal basis: Article 70(1) of the Offering Act 

The Management Board of Benefit Systems S.A. with its registered office in Warsaw ("Company", "Benefit Systems") announces that it received Mr James Van Bergh's ("Notifier") notification on 30 May 2018 pursuant to Article 69(2) (1) (a) of the Act of 29 July 2005 on public offering and conditions for introducing financial instruments to organised trading and on public companies (i.e. Journal of Laws of 2018 item 512) ("Offering Act") of a decrease in the Notifier's share in the total number of votes in the Company by at least 2%.

The decrease in the Notifier's share in the total number of votes in the Company following registration, by a district court on 25 May 2018, of an increase in the share capital of the Company from PLN 2 674 842.00 to PLN 2 858 842.00 by issuing 184 000 bearer's ordinary shares of Benefit Systems, F series ("Increase Registration").

As at 24 May 2018, i.e. just before the Increase Registration, the Notifier held 586 285 shares of Benefit Systems, which accounted for 21.92% of the share capital of the Company, entitling it to 586 285 votes at General Meetings of Benefit Systems accounting for 21.92% of the total number of votes in the Company.

Following the Increase Registration, the Notifier holds 586 285 shares of Benefit Systems, which accounted for 20.51% of the share capital of the Company, entitling it to 586 285 votes at General Meetings of Benefit Systems accounting for 20.51% of the total number of votes in the Company.
Furthermore, the Notifier announced that:
1)    the Notifier has no subsidiaries within the meaning of Article 4(15) of the Offering Act, which would hold shares of Benefit Systems; 
2)    the Notifier has no persons, who are referred to in Article 87(1) (3) (c) of the Offering Act, and 
3)    the Notifier is not entitled to vote the shares of Benefit Systems referred to in Article 69(4) (7) and (8) of the Offering Act.