Kruk S.A. — Capital/Financing Update 2019

Sep 2, 2019

Current Report No. 42/2019

Date of the report: September 2nd 2019

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

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

Further to Current Report No. 41/2019 of August 1st 2019 on the SixthPublic Bond Issue Programme (the "Programme"), the Management Board ofKRUK S.A. (the "Company") announces that on September 2nd 2019 it passeda resolution (the "Resolution") declaring the success of the issue ofSeries AJ1 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 July 5th 2019 (the"Prospectus"). In the Resolution of the Company's Management Board, theBond issue was declared successful and 250,000 Bonds, each with anominal value equal to the issue price of PLN 100 and with a total valueof PLN 25,000,000, were allotted. The period of subscription for the250,000 Bonds was August 12th 2019 (inclusive) - August 29th 2019(inclusive). The Bonds were allotted on September 2nd 2019. The issuewas not divided into tranches. During the subscription period 898Investors placed 1,061 subscription orders for 557,213 Bonds. As aresult of proportional reduction of 55.13%, the Company allotted 250,000Bonds in response to subscription orders from 880 Investors. A detailedsummary of the issue will be presented in a separate current report.