Signing the investment contract Equatorial Gaming SA

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces the investors about successfully finalizing the negotiations for the investment in Equatorial Gaming , and signing the investment contract, according to the mandate given by the shareholder meeting decision no. 8 from 25 april 2018. The investment includes 2 stages:
In first stage the Company will buy shares from existing shareholders in amount of RON
1,050,000 – for a participation of 24.9989% in Equatorial Gaming SA.
In Stage 2, a convertible loan amount of RON 1,050,000 will be made over a 3-year time
period, with a fixed interest rate of 9% per year. According to the investment contract, the
conversion option remains with Bittnet. In case of exercising the option, the ownership of
Bittnet in the Equatorial would reach 45%.
Over the next period Bittnet Management will focus on integrating the operations of the
four companies in Bittnet Group.
Equatorial Gaming will dedicate the coming months to promoting the new version of its
game, called VRunners, which was launched in June this year at the “International
Conference of e-Learning in the Workplace”, held in the United States at the prestigious
Columbia University.

CR18 current report

First coupon payment BNET23 bonds

BITTNET SYSTEMS S.A. announces the investors that the first coupon payment for the Company’s bond issue – dated 5th July 2018 will be made on August 15th 2018. The first coupon will be a fraction calculated for a period of 36 days between the alocation date 5th July 2018 (inclusive) and the reference date 10thAugust 2018 (exclusive) acording with the Offer document for the private placement. The interest will be paid via bank transfer directly to the accounts which were confirmed by the bondholders in the Subscription Form.

Information closed trading period for insiders

Bittnet Systems S.A. (hereinafter referred to as “the Company”) the shareholders about the upcoming closed period. Between August 02nd, 2018 and August 31st, 2018 the shareholders who have the status of “insider” within the meaning of FSA Regulation no. 5/2018, Law 24/2017, and of Regulation (EU) no. 522/2016 and Regulation (EU) No. 596/2014, shall not conduct any transactions on their own account or for the account of a third party, directly or indirectly, relating to the shares or debt instruments of the issuer or to derivatives or other financial instruments linked to them during a closed period of 30 calendar days before the announcement of an interim financial report. The closed period is due to the fact that on August 31st 2018, the Company will publish the Semiannual Report for 1st Half of the financial year 2018 accompanied by the half-yearly financial results.

CR16 current report

Finalizing Negotiations for Investment in Elian Solutions

Bittnet Systems S.A. (The Company) informs shareholders about successfully finalizing the negotiations for the investment in Elian Solutions SRL, and signing the investment contract, according to the mandate given by the shareholder meeting decision nr. 7 from 25 april 2018. The investment amounts to RON 510.000 and will be done in 2 stages. In the first stage Bittnet will take part in a capital increase, reaching a 33.33% participation in Elian Solutions. In the second stage the founders will sell additional shares so that Bittnet will reach a 51.0082% shareholding position in Elian Solutions.

The estimated date for closing the deal is august 31st 2018.

Extention of Current report from 04.07.2018

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders regarding the bonds issue through private placement which took place between June 26th – July 4th , 2018. Thus, according to EGSM Decision no. 10 of 25 April 2018, the Decision of the Unique Administrator and the Offer Document based on which the private placement was made, the object was the sale of 47,000 nominative, dematerialized, corporate, unconvertible, unsecured bonds, with a nominal value of 100 lei / bond.

CR14 current report

Successful offer of corporate bonds via private placement

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the successful undertaking of a sales offer via private placement of corporate bonds between 26th June – 4th July. The operation was completed before the end of the subscription period (13th July) because of the oversubscription. Due to this private offer, the Company raised the amount of RON 4.7 million and sold the maximum number of bonds (47,000) according to Sole Administrator’s decision and the Private placement offer document. The bonds have a face value of RON 100, a maturity of 5 years and a yearly coupon of 9%, payable quarterly. There were 32 subscriptions by natural persons, 1 legal entity and 3 investment funds.
The money will be used to finance the two investment projects approved by the General Shareholders Meeting: Elian Solutions SRL and Equatorial Gaming SA, as well as the working capital, according to EGSM resolutions of 25 April 2018.
In accordance with the resolution of the Extraordinary Shareholders Meeting, and after closing the investment projects, the Company will begin the process of listing the bonds issue on the ATS-Bonds market operated by the Bucharest Stock Exchange.

CR13 current report

Bittnet Investor Presentation

In order to keep all stakeholders informed about Bittnet’s past performance, current activities as well as future plans, we have decided to develop Bittnet’s Investor Presentation. We hope that this material, which will be updated by us on a quarterly basis, will help you in gaining further understanding of our business.

In case of any questions related to our activity on the Bucharest Stock Exchange or information presented in our IR presentation, please do not hesitate to contact us at: investors@bittnet.ro.

Bittnet Investor Presentation – English Version

Bittnet Prezentare pentru Investitori – Versiune Romana

Repayment banking credit at maturity – Dendrio Solutions SRL

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the modification of the financing structure of Dendrio Solutions SRL (ex Gecad NET SRL) with the following operation regarding banking loans:

• repayment at maturity of the credit line from Banca Transilvania, in amount of RON 1.5 million;

Bittnet Systems is the Sole Associate of Dendrio Solutions SRL.

CR11 current report

Signing credit contract Dendrio Solutions SRL

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the improvement of the financing structure of Dendrio Solutions SRL (ex Gecad NET SRL) with the following operation regarding banking loans:

• signing of a revolving overdraft contract with ProCredit Bank in amount of RON 1,800,000 with an interest rate of ROBOR3M+2.5% per year and a 36 months maturity; The guarantees for the credit line are:

• 8.33% collateral cash deposit;

• parental guarantee from Bittnet Systems SA;

• guarantee under the “SME Initiative” program funded by the European Union through ERDF and “Horizon 2020” and by the European Investment Fund and European Investment Bank.

The loan will be used for financing current activity and working capital of Dendrio Solutions SRL. Bittnet Systems is the Sole Associate of Dendrio Solutions SRL.

CR10 current report

Registration of the capital increase at Trade Register

Bittnet Systems S.A. (hereinafter referred to as the “Company”) informs the shareholders about receiving from the Trade Register the Certificate of Registration no. 187597 / 07.05.2018, which attests the registration of the capital increase according with the Sole Administrator Confirmation and Resolution no. 4 of the EGSM from 25.04.2018. Thereby the share capital of the Company increased from RON 3,044,425.80 at RON 4,871,081.20. Attached to this current report the Certificate of Registration and the Resolutions from Trade Register.

The Company continues the registration process, next steps being the registration with Financial Supervisory Authority and Central Depository.

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