Kruk S.A. — Capital/Financing Update 2021

Nov 26, 2021

Current Report No. 54/2021

Date: November 26th 2021

Subject: Execution of annex to syndicated revolving credit facilityagreement

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

Text of the report:

Further to Current Report No. 35/2017 of July 3rd 2017 and CurrentReports No. 43/2019 of September 5th 2019 and No. 40/2021 of September24th 2021, the Management Board of KRUK S.A. (the "Company") announcesthat today the Company and its subsidiaries (jointly the "Borrowers")have executed an annex (the "Annex") to the revolving multi-currencycredit facility agreement (the "Credit Facility") entered into with asyndicate of banks, currently comprising DNB Bank ASA of Oslo, Norway,ING Bank Śląski S.A. of Katowice, Santander Bank Polska S.A. of Warsaw,PKO BP S.A. of Warsaw and Bank Handlowy w Warszawie S.A. of Warsaw(jointly the "Lenders"). The Annex provides for an increase in theCredit Facility limit, up to EUR 298m. Prior to the execution of theAnnex, the available amount of the Credit Facility was EUR 273m. Noother terms of the Credit Facility agreement have been materiallyamended.