Kruk S.A. — Capital/Financing Update 2017

Jan 3, 2017

Current Report No. 1/2017

Date of the report: January 3rd 2017

Subject: Resolution of the WSE Management Board to admit Series AF1bonds 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. 119/2016 of December 15th 2016 on theregistration of Series AF1 bonds of KRUK S.A. (the "Company") with theCentral Securities Depository of Poland, the Company's Management Boardannounces that it was notified that on December 30th 2016 the ManagementBoard of the Warsaw Stock Exchange ("WSE") passed Resolution No.1401/2016 to admit the Company's Series AF1 bearer bonds to trading onthe Catalyst market (the "Resolution").

Pursuant to the Resolution, the Management Board of the WSE, acting inaccordance with Par. 3.1 and 3.7 of the WSE Rules, resolved to admit400,000 Series AF1 bearer bonds of the Company, with a nominal value ofPLN 100 per bond, to trading on the main market. The Resolution becameeffective as of its date.

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