Kruk S.A. — Capital/Financing Update 2021

Sep 24, 2021

Current Report No. 40/2021

Date: September 23 rd 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 CurrentReport 43/2019 of September 5th 2019, the Management Board of KRUK S.A.(the "Company") announces that today the Company and its subsidiaries(jointly the "Borrowers") have executed an annex (the "Annex") to therevolving multi-currency credit facility agreement (the "CreditFacility") entered into with a syndicate of banks, currently comprisingDNB Bank ASA of Oslo, Norway, ING Bank Śląski S.A. of Katowice,Santander Bank Polska S.A. of Warsaw, and PKO BP S.A. of Warsaw (jointlythe "Lenders"). The Annex provides for an increase in the CreditFacility limit, up to EUR 273m, and its extension by another 12 months,i.e. until July 2026. Prior to the execution of the Annex, the availableamount of the Credit Facility was EUR 235m. No other terms of the CreditFacility agreement have been materially amended. Following the executionof the Annex, the amount of the surety provided by the Company and ofits declaration of voluntary submission to enforcement will amount toEUR 447m each.