Kruk S.A. — Capital/Financing Update 2021

Aug 30, 2021

Current Report No. 36/2021

Date of the report: August 30th 2021

Subject: Cost summary of the Seventh Public Bond Issue Programme

Legal basis: Art. 56.1.2 of the Public Offering Act - Current andperiodic information

Text of the report:

In connection with the closing of the Seventh Public Bond IssueProgramme (the "Programme") on August 23rd 2021, and further to CurrentReport No. 10/2020 of April 21st 2020, the Management Board of KRUK S.A.(the "Issuer") discloses information on the costs incurred under theProgramme. The total costs of the Programme, under which four issues of250.000 AK1 Series bonds, 200.000 AK2 Series bonds, 700.000 AK3 Seriesbonds and 650.000 AK4 Series bonds were conducted, amounted to PLN3.530.213. This amount includes: - costs related to the preparation andapproval of the issue prospectus, including consultancy costs - PLN103.713, - costs of preparing and conducting a bond offer - PLN3.300.000 - costs of promotion of bond offers - PLN 126.500. The averagecost of conducting offers per bond offered, with a nominal value of PLN100 amounted to PLN 1,96 The Issuing Party did not bear the costs ofsub-issuers' remuneration, because it did not conclude sub-issueagreements in connection with the bond offers. The Programme costsrelated to the preparation of the prospectus, final terms and conditionsof issue and brokerage commissions in the amount of PLN 3.270.000 havebeen recognized as prepaid expenses. These costs are charged to thefinancial result from the issue date to the redemption date. Othercosts, including those related to the promotion of bond offers, arecharged to the current costs of the Company's operations. Detailed legalbasis: Par. 16.1 of the Regulation of the Minister of Finance of March29th 2018 on current and periodic information [...]