Kruk S.A.

Share Issue/Capital Change • Nov 28, 2025

Report Content Current Report No. 59/2025

Date: November 28th 2025

Subject: Granting shares following conditional share capital increase,completion of another subscription of Series H shares as part ofimplementation of the incentive scheme; Company's share capital increase

Legal basis: Art. 56.1.2 of the Public Offering Act - Current andperiodic information

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that onNovember 28th 2025 a total number of 89,425 Series H shares of theCompany (the "Shares"), acquired in exchange for subscription warrantsunder the incentive scheme adopted by Resolution No. 22/2021 of theAnnual General Meeting of June 16th 2021 amended by Resolution No.5/2025 of the Extraordinary General Meeting of January 30th 2025 r.,were recorded in the securities accounts of eligible persons. (Scheme)

Accordingly, pursuant to the provisions of Art. 452.1 of the CommercialCompanies Code, on the date when the Shares were recorded in thesecurities accounts the Company's share capital was increased from PLN19,402,913.00 to PLN 19,492,338.00, i.e. by PLN 89,425.00.

Following the increase, the Company's share capital amounts to PLN19,492,338.00 and is divided into 19,492,338 shares with a par value ofPLN 1.00 per share, including

a) 2,421,220 Series A ordinary bearer shares,

b) 11,366,600 Series AA ordinary bearer shares,

c) 1,250,000 Series B ordinary bearer shares,

d) 491,520 Series C ordinary bearer shares,

e) 1,100,000 Series D ordinary bearer shares,

f) 843,876 Series E ordinary bearer shares,

g) 845,574 Series F ordinary bearer shares,

h) 1,000,000 Series G ordinary bearer shares,

i) 173,548 Series H ordinary bearer shares.

The total number of voting rights attached to all shares issued by theCompany is 19,492,338.

The amount of the conditional share capital increase after the deliveryof the Shares within the Scheme is as follows: PLN 777,002.00.

At the same time the Company hereby announces the completion of anothersubscription of Series H shares (the 'Subscription') related to theimplementation of the incentive Scheme:

1) Subscription commencement and completion dates:

- Subscription commencement date: November 6th 2025

- Subscription completion date: November 24th 2025

2) Allocation date:

November 28th 2025

3) Number of shares: offered in the Subscription/ subscribed under theSubscription/ allotted under the Subscription:

89,425 shares

4) Reduction rate:

not applicable

5) Subscription price:

PLN 248.96

6) Number of individuals: who subscribed for the shares/ to whom shareswere allocated under the Subscription:

97 individuals

7) Underwriters who subscribed for shares as part of underwritingagreements:

Not applicable. The Company did not enter into any underwritingagreements.

8) Total value of the Subscription (number of shares offered multipliedby the issue price):

PLN 22,263,248.00

9) Method of payment for the shares:

The shares were paid for in cash.

The costs of preparing and conducting the Subscription, includingpromoting the share offering and preparing documentation - such asadvisory costs - will be determined after all subscriptions under theScheme are completed. Due to the current lack of information on thetotal costs of the Scheme and the final number of shares issued, theCompany will disclose the total and per-share costs of conducting theofferings in a separate current report, which will be released to thepublic after the final share issue under the Scheme is completed.

The costs associated with the share offering under the Scheme will becharged to the Company's operating expenses.

Detailed legal basis: Par. 5.9 in connection with Par. 14, and Par. 17.1of the Regulation of the Minister of Finance of June 6th 2025 on currentand periodic information [...]