Kruk S.A. — Capital/Financing Update 2016

Jun 20, 2016

Current Report No. 58 /2016

Date: June 20th 2016

Subject: Execution of a surety agreement with PKO BP S.A.

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. (Issuer) reports that on June 20th2016, in connection with a non-revolving working capital facilityagreement (Credit Facility Agreement) executed by the Issuer'ssubsidiary PROKURA Niestandaryzowany Sekurytyzacyjny FunduszInwestycyjny Zamknięty of Wrocław, the Issuer signed a surety agreement(Surety Agreement) with Powszechna Kasa Oszczędności Bank Polski S.A. ofWarsaw (Bank). In accordance with the Surety Agreement, the Issuer hasguaranteed liabilities under the Credit Facility Agreement towards theBank, whether existing at the time of the surety execution or arising inthe future, including in particular interest and cost of court andenforcement proceedings incurred by the Bank, and thus became a jointand several debtor in respect of those liabilities. The surety has beenissued for up to PLN 52,971,106.80. It will expire no later than onDecember 19th 2022.

The value of the Surety Agreement exceeds 10% of the Group's revenue forthe previous four financial quarters, which is the criterion forconsidering an agreement as material.

Detailed legal basis: Par. 5.1.7 of the Regulation of the Minister ofFinance of February 19th 2009 on current and periodic information [...]