Kruk S.A. — Capital/Financing Update 2016

Apr 12, 2016

Current Report No. 27/2016

Date of the report: April 11th 2016

Subject: Resolutions of the WSE Management Board to admit and introduceSeries AB1 bonds to trading

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

Text of the report:

Further to Current Report No. 22/2016 of April 7th 2016 on theregistration of Series AB1 bonds of KRUK S.A. (the "Company") with theCentral Securities Depository of Poland, the Management Board of theCompany announces that on April 6th 2016 the Management Board of theWarsaw Stock Exchange (the "WSE") passed Resolution No. 329/2016 on theadmission of Series AB1 bearer bonds of the Company to trading on theCatalyst market ("Resolution 1") and on April 7th 2016 it passedResolution No. 332/2016 on the introduction of Series AB1 bearer bondsof the Company to trading on the Catalyst market ("Resolution 2").

By Resolution 1, the Management Board of the WSE, acting pursuant toPar. 3.1 and 3.7 of the WSE Rules, decided that 650,000 Series AB1bearer bonds of the Company, with a nominal value of PLN 100 per bond,be admitted to trading on the main market.

By Resolution 2, the Management Board of the WSE, acting pursuant toPar. 38.1 and 38.3 of the WSE Rules as well as Par. 2.1 of Division 4 ofthe Detailed Exchange Trading Rules in the UTP System, decided that:

1. as of April 12th 2016, 650,000 Series AB1 bearer bonds of theCompany, with a nominal value of PLN 100 per bond, assigned by theCentral Securities Depository of Poland code no. PLKRK0000390, beintroduced to trading on the main market by way of the ordinaryprocedure;

2. the bonds referred to above be listed in the continuous tradingsystem under ticker symbol KRU0321.

Detailed legal basis: Par. 34.1.2-3 of the Regulation of the Minister ofFinance of February 19th 2009 on current and periodic information [...]