Kruk S.A. — Capital/Financing Update 2019

Mar 11, 2019

Current Report No. 8/2019

Date: March 11th 2019

Subject: Launch of the Sixth Public Bond Issue Programme

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that onMarch 11th 2019 it passed a resolution to launch the Sixth Public BondIssue Programme (the "Programme") with a total nominal value of up toPLN 700m, under which the Company may issue public bonds ("Bonds"). TheBonds will be in book-entry form. In connection with the Programme, theCompany has prepared issue prospectus (the "Prospectus"). The Companywill file the Prospectus and an application for its approval with thePolish Financial Supervision Authority. Individual series of Bonds underthe Programme will be issued during the 12 months from the Prospectusapproval by the Polish Financial Supervision Authority. Individual Bondissues may differ with respect to their final issue terms andconditions, in particular with respect to the rules of defining interestand the interest rate. Detailed issue terms and conditions of each Bondseries will be defined in the Prospectus and in the final issue termsand conditions of individual Bond issues. Proceeds from the Programmewill be used for to finance the operating and investment activities ofthe KRUK Group companies, refinance the Company's debt, or finance theGroup's growth through acquisitions.