Kruk S.A. — AGM Information 2020

Aug 31, 2020

Current Report No. 28/2020

Date: August 31st 2020

Subject: Amendment and adoption of the consolidated text of the Articlesof Association by the Annual General Meeting on August 31st 2020

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 furtherto Resolution No. 23/2020 passed by the Annual General Meeting on August31st 2020, Company's Articles of Association were amended as follows:

In Section 4c, paragraph 4-6, which has read as follows:

‘4. Holders of Subscription Warrants who are not Management BoardMembers shall be entitled to exercise their rights to subscribe forSeries F Shares attached to the Subscription Warrants not earlier thansix months after the date on which they acquired the SubscriptionWarrants (lock-up for subscription of Series F Shares by holders ofSubscription Warrants), and not later than on December 31st 2021,subject to Section 9.6.

5. Holders of Subscription Warrants who are Management Board Membersshall be entitled to exercise their rights to subscribe for Series FShares attached to the Subscription Warrants not earlier than 12 monthsafter the date on which they acquired the Subscription Warrants (lock-upfor subscription of Series F Shares by holders of Subscription Warrants)and not later than on December 31st 2021.

6. Holders of Subscription Warrants issued as part of Tranche I shall beentitled to exercise their rights to subscribe for Series F Sharesattached to the Subscription Warrants not earlier than 12 months afterthe date on which they acquired the Subscription Warrants (lock-up forsubscription of Series F Shares by holders of Subscription Warrants) andnot later than on December 31st 2021.'

shall be amended to read as follows:

‘4. Holders of Subscription Warrants who are not Management BoardMembers shall be entitled to exercise their rights to subscribe forSeries F Shares attached to the Subscription Warrants not earlier thansix months after the date on which they acquired the SubscriptionWarrants (lock-up for subscription of Series F Shares by holders ofSubscription Warrants), and not later than on December 31st 2022,subject to Section 9.6.

5. Holders of Subscription Warrants who are Management Board Membersshall be entitled to exercise their rights to subscribe for Series FShares attached to the Subscription Warrants not earlier than 12 monthsafter the date on which they acquired the Subscription Warrants (lock-upfor subscription of Series F Shares by holders of Subscription Warrants)and not later than on December 31st 2022.

6. Holders of Subscription Warrants issued as part of Tranche I shall beentitled to exercise their rights to subscribe for Series F Sharesattached to the Subscription Warrants not earlier than 12 months afterthe date on which they acquired the Subscription Warrants (lock-up forsubscription of Series F Shares by holders of Subscription Warrants) andnot later than on December 31st 2022.'

The above amendments to the Articles of Association will becomeeffective upon their registration with the Business Register of theNational Court Register.

The Company publishes, in the form of an appendix to this report, theconsolidated text of the amended Articles of Association adopted by theAnnual General Meeting by Resolution No. 24/2020.