Conclusion of a financing agreement with European Bank of Reconstructionand Development and Santander Bank Polska S.A.

The Management Board of Benefit Systems S.A. with its registered officein Warsaw (the _quot;Company_quot;, _quot;Issuer_quot;) in reference to the report No.10/2022 dated 8 March 2022 announces that on 1 April 2022 the Companyand certain of its subsidiaries, the European Bank for Reconstructionand Development and Santander Bank Polska S.A. (_quot;Santander_quot;)(collectively, the _quot;Banks_quot;) signed a long-term financing agreement (the_quot;Agreement_quot;) in the amount of PLN 205 million (the _quot;Financing_quot;). TheFinancing may be additionally increased by up to PLN 35 million.

The subject of the Agreement is providing to the Company Financing bythe Banks, which may be used for investment expenditures related to theorganic growth of the Issuer's capital group, the development of theMultiLife platform, acquisitions, green investments, refinancing of theCompany's existing indebtedness in the form of bank loans in Poland andfor general corporate purposes.

Interest will be charged on the Financing at WIBOR 3M plus the Banks'margin. The Financing is provided for the period of five years and willbe secured among others on selected assets of the Issuer's capitalgroup. Utilization of the funds will depend on the fulfilment ofconditions precedent.

In the remaining scope, the Agreement contains provisions typical foragreements of this kind.

At the same time, the Issuer indicates that apart from the Financing, asof the date of this report, it maintains with Santander, inter alia: acredit line in the amount of PLN 50 million with the possibility to useit in the form of an overdraft in the amount of up to PLN 45 million anda bank guarantee limit of up to PLN 10 million, a bank guarantee limitof PLN 65 million and a loan with an outstanding principal amount of PLN15 million.