RB 46/2018
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 Benefit Invest Ltd's ("BI") – with its registered office in Dublin, Clifton House, Fitzwilliam Street Lower, Dublin 2, Ireland – notification on 31 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 BI's share in the total number of votes in the Company by at least 2%.

The decrease in BI'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, BI held 572 606 shares of Benefit Systems, which accounted for 21.41% of the share capital of the Company, entitling it to 572 606 votes at General Meetings of Benefit Systems accounting for 21.41% of the total number of votes in the Company.

Following the Increase Registration, BI holds 572 606 shares of Benefit Systems, which accounted for 20.03% of the share capital of the Company, entitling it to 572 606 votes at General Meetings of Benefit Systems accounting for 20.03% of the total number of votes in the Company.

Furthermore, BI announced that:
1)    BI has no subsidiaries within the meaning of Article 4(15) of the Offering Act, which would hold shares of Benefit Systems; 
2)    BI has no persons, who are referred to in Article 87(1) (3) (c) of the Offering Act, 
3)    BI is not entitled to vote the shares of Benefit Systems referred to in Article 69(4) (7) and (8) of the Offering Act.