Supplement to report 33/2025 of 7 May 2025 - completion of thesubscription of new series H ordinary bearer shares of the Company

THIS CURRENT REPORT AND THE INFORMATION HEREIN, IS RESTRICTED AND IS NOTFOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION, OR FORWARDINGDIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITEDSTATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANYOTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTIONWOULD BE UNLAWFUL. FURTHER, THIS CURRENT REPORT IS FOR INFORMATIONPURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS CURRENT REPORT.

With reference to report 33/2025 of 11 May 2022 (the "Report"), inconnection with the receipt of the statement and acceptance of the costsfrom the entities involved in the preparation and conduct of thecompleted subscription of 280,000 (two hundred and eighty thousand)series H ordinary bearer shares of the Company with a nominal value ofPLN 1.00 each (the "Series H Shares") the Management Board of BenefitSystems S.A. with its registered office in Warsaw (the "Company") herbyprovides an update of the Report with regard to information in points12) and 13) of the Report regarding the costs of completion of a publicoffering of the Series H Shares (the "Offering").

12) The aggregate amount of all costs counting towards the issue costs,with an indication of the amount of costs by their title, divided atleast by type of costs:

The costs incurred by the Company as at the date hereof, related to theOffering, amounted to PLN 17,532,075.94 including:

(i) preparing and conducting the Offering: PLN 17,416,831.94;

(ii) underwriters' fees: not applicable;

(iii) preparation of the prospectus, including the fees of professionaladvisers: not applicable;

(iv) promotion of the Offering: not applicable;

(v) other: PLN 115,244.00.

The costs incurred by the Company will decrease the proceeds from theissue of the Series H Shares.

13) The average cost of conducting the subscriptions or sale per oneunit of the security which the subscription or sale concerns:

The average cost incurred by the Company per one Series H Share, basedon costs as at the date hereof is approx. PLN 62.61.

IMPORTANT NOTICES

This current report was prepared in accordance with Article 17(1) of theRegulation No 596/2014 of the European Parliament and of the Council of16 April 2014 on market abuse (market abuse regulation) and repealingDirective 2003/6/EC of the European Parliament and of the Council andCommission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC ("MAR").

This current report is solely for information purposes and is publishedby the Company exclusively in order to provide essential information onthe terms of offering for its shares. This current report is by no meansintended, whether directly or indirectly, to promote the offering,subscription or purchase of the shares of the Company referred to inthis current report (the "Offer Shares") and does not representadvertisement or promotional material prepared or published by theCompany for the purpose of promoting the Offer Shares or theirsubscription, purchase or offering or for the purpose of encouraging aninvestor, whether directly or indirectly, to acquire or subscribe forthe Offer Shares. The Company has not published and has no intention ofpublishing any materials aimed at promoting the Offer Shares or theirsubscription or purchase after the date of this current report.

This current report and the information contained in it is not forpublication, release, transmission distribution or forwarding, in wholeor in part, directly or indirectly, in or into the United States,Australia, Canada, Japan or South Africa or any other jurisdiction inwhich publication, release or distribution would be unlawful. Thiscurrent report is for information purposes only and does not constitutean offer to sell or issue, or the solicitation of an offer to buy,acquire or subscribe for shares in the capital of the Company in theUnited States, Australia, Canada, Japan or South Africa or any otherstate or jurisdiction. This current report has not been approved by anysupervising authority or stock exchange. Any failure to comply withthese restrictions may constitute a violation of the securities laws ofsuch jurisdictions.

The Offer Shares have not been and will not be registered under the U.S.Securities Act of 1933, as amended (the "Securities Act") or with anysecurities regulatory authority of any state or other jurisdiction ofthe United States and may not be offered, sold, pledged, taken up,resold, transferred or delivered, directly or indirectly, in or into theUnited States absent registration under the Securities Act, exceptpursuant to an exemption from, or in a transaction not subject to, theregistration requirements of the Securities Act and in compliance withany applicable securities laws of any state or other jurisdiction of theUnited States. The Offer Shares have not been approved, disapproved orrecommended by the U.S. Securities and Exchange Commission, any statesecurities commission in the United States or any other U.S. regulatoryauthority, nor have any of the foregoing authorities passed upon orendorsed the merits of the offering of the Offer Shares. Subject tocertain exceptions, the securities referred to herein may not be offeredor sold in the United States, Australia, Canada, Japan, South Africa orto, or for the account or benefit of, any national, resident or citizenof the United States, Australia, Canada, Japan, or the Republic of SouthAfrica.

All offers of the Offer Shares will be made pursuant to exemptions underthe Prospectus Regulation (EU) 2017/1129, as amended from time to time(including any relevant implementing measure in any member state, the"Prospectus Regulation"), from the requirement to produce a prospectus.This current report is being distributed to persons in the UnitedKingdom only in circumstances in which section 21(1) of the FinancialServices and Markets Act 2000, as amended, does not apply.

No prospectus will be made available in connection with the matterscontained in this current report and no such prospectus is required (inaccordance with the Prospectus Regulation) to be published. This currentreport and the terms and conditions set out herein are for informationpurposes only and are directed only at persons who are: (a) persons inMember States of the European Economic Area who are qualified investors(within the meaning of article 2(e) of the Prospectus Regulation("Qualified Investors")); or (b) in the United Kingdom, only atinvestors who are persons who (i) have professional experience inmatters relating to investments falling within the definition of"investment professionals" in article 19(5) of the Financial Servicesand Markets Act 2000 (Financial Promotion) Order 2005, as amended (the"Order"); (ii) are persons falling within article 49(2)(a) to (d) ("highnet worth companies, unincorporated associations, etc.") of the Order;or (iii) are persons to whom it may otherwise be lawfully communicated;or (c) are qualified institutional buyers in the United States asdefined in Rule 144A under the U.S. Securities Act (all such personstogether being referred to as "Relevant Persons"). This current reportand the terms and conditions set out herein must not be acted on orrelied on by persons who are not Relevant Persons. Persons distributingthis current report must satisfy themselves that it is lawful to do so.Any investment or investment activity to which this current report andthe terms and conditions set out herein relates is available only toRelevant Persons and will be engaged in only with Relevant Persons.

No prospectus, product disclosure statement or other disclosure documenthas been lodged with the Australian Securities and InvestmentsCommission ("ASIC") in relation to the Offering. This current reportdoes not constitute a prospectus, product disclosure statement or otherdisclosure document under the Corporations Act 2001 of the Commonwealthof Australia ("Corporations Act"), and does not purport to include theinformation required for a prospectus, product disclosure statement orother disclosure document under the Corporations Act.

Any offer in Australia of the Offer Shares may only be made to personswho are "sophisticated investors" (within the meaning of section 708(8)of the Corporations Act), "professional investors" (within the meaningof section 708(11) of the Corporations Act) or otherwise pursuant to oneor more exemptions contained in section 708 of the Corporations Act sothat it is lawful to offer the Offer Shares without disclosure toinvestors under Chapter 6D of the Corporations Act ("Exempt Investors").

The Offer Shares applied for by Exempt Investors in Australia must notbe offered for sale in Australia in the period of 12 months after thedate of allotment under the Offering, except in circumstances wheredisclosure to investors under Chapter 6D of the Corporations Act wouldnot be required pursuant to an exemption under section 708 of theCorporations Act or otherwise or where the offer is pursuant to adisclosure document which complies with Chapter 6D of the CorporationsAct. Any person acquiring Offer Shares must observe such Australianon-sale restrictions.

This current report contains general information only and does not takeaccount of the investment objectives, financial situation or particularneeds of any particular person. It does not contain any securitiesrecommendations or financial product advice. Before making an investmentdecision, investors need to consider whether the information in thiscurrent report is appropriate to their needs, objectives andcircumstances, and, if necessary, seek expert advice on those matters.

This current report and the terms and conditions set out herein must notbe acted on or relied on by persons who are not relevant persons.Persons distributing this current report must satisfy themselves that itis lawful to do so. Any investment or investment activity to which thiscurrent report and the terms and conditions set out herein relates isavailable only to relevant persons and will be engaged in only withrelevant persons. This current report has been issued by, and is thesole responsibility of, the Company. No representation or warranty,express or implied, is or will be made as to, or in relation to, and noresponsibility or liability is or will be accepted by the Joint GlobalCoordinators of the offering of the Offer Shares (the "Joint GlobalCoordinators"), or by any of their or their respective affiliates oragents as to or in relation to, the accuracy or completeness of thiscurrent report or any other written or oral information made availableto or publicly available to any interested party or its advisers, andany liability therefore is expressly disclaimed.

None of the Joint Global Coordinators will be responsible to anyoneother than the Company for providing the protections afforded to theirrespective clients nor for providing advice in relation to the offeringand/or subscription of the Offer Shares and/or any other matter referredto in this current report. Apart from the responsibilities andliabilities, if any, which may be imposed on the Joint GlobalCoordinators by the applicable regulatory regime, none of the JointGlobal Coordinators nor any of their respective affiliates accepts anyresponsibility whatsoever for the contents of the information containedin this current report or for any other statement made or purported tobe made by or on behalf of the Joint Global Coordinators or any of theirrespective affiliates in connection with the Company, the Offer Sharesor their offering and/or subscription. The Joint Global Coordinators andeach of their respective affiliates accordingly disclaim and shall notbear all and any responsibility and liability whatsoever, whetherarising in tort, contract or otherwise (save as referred to above) inrespect of any statements or other information contained in this currentreport and no representation or warranty, express or implied, is made bythe Joint Global Coordinators or any of their respective affiliates asto the accuracy, completeness or sufficiency of the informationcontained in this current report. The Joint Global Coordinators mayparticipate in the Offering on commercial terms, each time in accordancewith applicable laws and regulations, in particular the MAR.

The distribution of this current report and/or the offering and/orsubscription of the Offer Shares in certain jurisdictions may berestricted by law. No action has been taken by the Company or the JointGlobal Coordinators or any of their respective affiliates that would, orwhich is intended to, permit an offering of the Offer Shares in anyjurisdiction or result in the possession or distribution of this currentreport or any other offering or publicity material relating to the OfferShares in any jurisdiction where action for that purpose is required.

Persons distributing any part of this current report must satisfythemselves that it is lawful to do so. Persons (including, withoutlimitation, nominees and trustees) who have a contractual or other legalobligation to forward a copy of this current report should seekappropriate advice before taking any such action. Persons into whosepossession this current report comes are required by the Company and theJoint Global Coordinators to inform themselves about, and to observe,such restrictions.

This current report contains (or may contain) certain forward-lookingstatements with respect to certain of the Company's current expectationsand projections about future events. These statements, which sometimesuse words such as "aim", "anticipate", "believe", "intend", "plan","estimate", "expect" and words of similar meaning, reflect the Company'smanagement board's beliefs and expectations and involve a number ofrisks, uncertainties and assumptions which may occur in the future, arebeyond the Company's control and could cause actual results andperformance to differ materially from any expected future results orperformance expressed or implied by the forward-looking statement.Statements contained in this current report regarding past trends oractivities should not be taken as a representation that such trends oractivities will continue in the future. The information contained inthis current report is subject to change without notice and, except asrequired by applicable law, the Company does not assume anyresponsibility or obligation to update publicly or review any of theforward-looking statements contained in it, nor do they intend to. Youshould not place undue reliance on forward-looking statements, whichspeak only as of the date of this current report. No statement in thiscurrent repot is or is intended to be a profit forecast or profitestimate or to imply that the earnings of the Company for the current orfuture financial years will necessarily match or exceed the historicalor published earnings of the Company. As a result of these risks,uncertainties and assumptions, the recipient should not place unduereliance on these forward-looking statements as a prediction of actualresults or otherwise.

This current report does not identify or suggest, or purport to identifyor suggest, the risks (direct or indirect) that may be associated withan investment in the Offer Shares. Any investment decision to subscribefor or acquire the Offer Shares in the offering, subscription and/orsale of such shares must be made solely on the basis of publiclyavailable information, which has not been independently verified by theJoint Global Coordinators.

The information in this current report may not be forwarded ordistributed to any other person and may not be reproduced in any mannerwhatsoever. Any forwarding, distribution, reproduction or disclosure ofthis information in whole or in part is unauthorized. Failure to complywith this directive may result in a violation of the Securities Act orthe applicable laws of other jurisdictions. This current report does notconstitute an invitation to underwrite, subscribe for or otherwiseacquire or dispose of any securities in any jurisdiction.

This current report does not constitute a recommendation concerning anyinvestor's option with respect to the offering and/or subscription ofthe Offer Shares. Each investor or prospective investor should conducthis, her or its own investigation, analysis and evaluation of thebusiness and data described in this current report and publiclyavailable information. The price and value of securities can go down aswell as up. Past performance is not a guide to future performance.