Kruk S.A. — Capital/Financing Update 2018

Nov 27, 2018

Current Report No. 41/2018

Date of the report: November 27th 2018

Subject: Allotment of bonds issued under the Fifth Public Bond IssueProgramme

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

Further to Current Report No. 39/2018 of November 7th 2018 on the FifthPublic Bond Issue Programme (the "Programme"), the Management Board ofKRUK S.A. (the "Company") announces that on November 27th 2018 it passeda resolution (the "Resolution") declaring the success of the issue ofSeries AG1 unsecured ordinary bearer coupon bonds (the "Bonds"), carriedout as part of the Programme covered by the Base Prospectus approved bythe Polish Financial Supervision Authority on April 16th 2018 (the"Prospectus"). In the Resolution of the Company's Management Board, theBond issue was declared successful and 300,000 Bonds, each with anominal value equal to the issue price of PLN 100 and with a total valueof PLN 30,000,000, were allotted. The period of subscription for the300,000 Bonds was November 15th 2018 (inclusive) - November 26th 2018(inclusive). The Bonds were allotted on November 27th 2018. The issuewas not divided into tranches. During the subscription period 374Investors effectively placed 391 subscription orders for 328,460 Bonds.As a result of proportional reduction of 8.66%, the Company allotted300,000 Bonds in response to subscription orders from 374 Investors. Adetailed summary of the issue will be presented in a separate currentreport.