Kruk S.A. — Capital/Financing Update 2021

Jul 9, 2021

Current Report No. 33/2021

Date of the report: July 9th 2021

Subject: Allotment of bonds issued under the Seventh Public Bond IssueProgramme

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

Further to Current Report No. 29/2021 of June 21th 2021 on the SeventhPublic Bond Issue Programme (the "Programme"), the Management Board ofKRUK S.A. (the "Company") announces that on July 9th 2021 it passed aresolution (the "Resolution") declaring the success of the issue ofSeries AK4 unsecured ordinary bearer coupon bonds (the "Bonds"), carriedout as part of the Programme covered by the Base Prospectus approved bythe Polish Financial Supervision Authority on August 24th 2020 (the"Prospectus"). In the Resolution of the Company's Management Board, theBond issue was declared successful and 650,000 Bonds, each with anominal value equal to the issue price of PLN 100 and with a total valueof PLN 65,000,000, were allotted. The period of subscription for the650,000 Bonds was June 24th 2021 (inclusive) - July 7th 2021(inclusive). The Bonds were allotted on July 9th 2021. The issue was notdivided into tranches. During the subscription period 829 Investorseffectively placed 961 subscription orders for 1.583.401 Bonds. As aresult of proportional reduction of 58.95%, the Company allotted 650,000Bonds in response to subscription orders from 823 Investors. A detailedsummary of the issue will be presented in a separate current report.