Kruk S.A. — Capital/Financing Update 2021

Dec 16, 2021

Current Report No. 58/2021

Date of the report: December 16th 2021

Subject: Allotment of bonds issued under the Eighth Bond Issue Programme

Legal basis: Article 17(1) of MAR - Inside information

Text of the report:

Further to Current Report No. 53/2021 of November 25th 2021 on the EightBond Issue Programme (the "Programme"), the Management Board of KRUKS.A. (the "Company") announces that on December 16th 2021 it passed aresolution (the "Resolution") on the allocation of Series AM1 ordinarybearer coupon bonds (the "Bonds"), carried out as part of the Programmecovered by the Base Prospectus approved by the Polish FinancialSupervision Authority on September 3rd 2021 (the "Prospectus")..

In the Resolution of the Company's Management Board, the Bond issue wasdeclared successful and 500.000 Bonds, each with a nominal value equalto the issue price of PLN 100 and with a total value of PLN 50m wereallotted. The period of subscription for the 500.000 Bonds was December1st 2021 (inclusive) - December 14th 2021 (inclusive). The Bonds wereallotted on December 16th 2021. The issue was not divided into tranches.

During the subscription period 1.357 Investors effectively placed 1.557subscription orders for 2.385.017 Bonds. As a result of proportionalreduction of 79,04%, the Company allotted 500.000 Bonds in response tosubscription orders from 1.321 Investors.

A detailed summary of the issue will be presented in a separate currentreport.