RB 5/2018 
Date: 25 January 2018
Subject: Loan agreement within Benefit Systems Capital Group
Legal basis: Art. 17 act 1 MAR– inside information

The Management Board of Benefit Systems S.A., with its registered office in Warsaw (hereinafter, the ‘Issuer), informs that on 25 January 2018, a loan agreement (hereinafter, ‘Loan Agreement’) in the amount of PLN 4 million was concluded between the Issuer (hereinafter ‘Lender’) and Fitness Place sp. z o.o. with its registered office in Warsaw (hereinafter ‘Borrower’), in which the Issuer indirectly holds a 100% stake. As a result of the Loan Agreement, the total value of loan agreements concluded between the Lender and the Borrower in the last 12 months has reached PLN 66.15 million.

The loan amount will be paid in tranches, according to the needs of the Borrower. The interest rate on the loan is floating and has been determined based on market conditions. The loan amount is to be repaid by 31 December 2020. The Loan Agreement does not contain any conditions precedent, conditions subsequent and contractual penalties. Other terms and conditions of the Loan Agreement do not differ from those commonly used in in this type of agreements.

The loan is to enable the Borrower to finance its current operations.