Announcement.

BENEFIT SYSTEMS SA (7/2018) Consent of the Supervisory Board for the restructuring of the debt of subsidiaries from the Fitness segment

Management Board Benefit Systems S.A. with its registered office in Warsaw (the "Company") informs that on February 13, 2018, the Supervisory Board of the Company, at the request of the Company's Management Board, agreed to the Company's restructuring of the debt of selected companies from the so-called Fitness segment, consisting in increasing the share capital of Fit Invest sp. o.o. with its registered office in Warsaw being a 100% subsidiary of the Company ("Fit Invest") from PLN 4,713,500 to PLN 10,813,600, ie by PLN 6,900,000, through the creation of 122,000 new shares and subscription for The company in return for a cash contribution of PLN 61,000,000 that will be used for: a. increase in the share capital of Fitness Academy limited liability company SKA with its registered office in Wrocław, being a 100% subsidiary of Fit Invest ("Fitness Academy") from PLN 160,000.00 to PLN 2,860,000.00, ie by PLN 2,700,000.00 through the creation of 27,000 new shares and their subscription by Fit Invest in exchange for a cash contribution of PLN 27,000,000.00, b. increase in the share capital of Fabryka Formy S.A. based in Sierosław, which is a 100% subsidiary of Fit Invest ("Factory Factory") from PLN 3,457,702.00 to PLN 5,457,702.00, ie by PLN 2,000,000.00, by creation of 20,000,000 new shares and their subscription by Fit Invest in exchange for a cash contribution of PLN 20,000,000.00, c. increase in the share capital of Fitness Place sp. o.o. with its registered office in Warsaw being a 100% subsidiary of Fit Invest ("Fitness Place") from PLN 5,000 to PLN 1,405,000, ie by PLN 1,400,000, through the creation of 28,000 new shares and subscription by Fit Invest in exchange for a cash contribution of PLN 14,000,000. Funds received by Fitness Academy, Form Factory and Fitness Place will be used to repay liabilities under loans granted to these entities by the Company. The Management Board of the Company indicates that the expected date for the implementation of the above-mentioned measures is the first half of 2018

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Company information
Company name:Benefit Systems SA
ISIN:PLBNFTS00018
NIP:836-16-76-510
Adress: ul. Fredry 6 00-097 Warszawa
Phone:+48 22 5313000
website:www.benefitsystems.pl

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