Kruk S.A. — Capital/Financing Update 2021

Jun 25, 2021

Current Report No. 30/2021

Date of the report: June 25th 2021

Subject: Closing of the public offering of Series AK3

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

Text of the report:

Further to Current Report No. 21/2021 of June 10th 2021 on the SeventhPublic Bond Issue Programme (the "Programme"), the Management Board ofKRUK S.A. (the "Company") announces that the offering of Series AK3unsecured ordinary bearer coupon bonds (the "Bonds"), carried out aspart of the Programme covered by the base Prospectus approved by thePolish Financial Supervision Authority on August 24th 2020 (the"Prospectus") has been closed. The period of subscription for the700,000 Bonds was May 24th 2021 (inclusive) - June 8th 2021 (inclusive).The Bonds were allotted on June 10th 2021. The issue was not dividedinto tranches. During the subscription period 992 Investors effectivelyplaced 1,213 subscription orders for 974,797 Bonds. As a result ofproportional reduction of 28.19%, the Company allotted 700,000 Bonds inresponse to subscription orders from 989 Investors. The Bonds wereacquired at the issue price of PLN 100 per bond. No underwriter acquiredthe Bonds. The Company did not conclude any underwriting agreement inconnection with the Bond offering. The issue value, understood as theproduct of the number of the Bonds covered by the offering and the issueprice, was PLN 70,000,000. The cost of preparing and carrying out thebond offerings, as well as promoting the offerings and preparingdocumentation, including the issue prospectus, taking into considerationthe cost of advisory services, will only be known after all issues underthe Programme have been carried out. As no information is available onthe total cost of the Programme and the final number of bonds issuedunder the Programme, the Company will announce the total and unit costof the offerings in a separate current report, which will be publishedonce the final bond issue under the Programme has been completed. Thecosts incurred by the Company in connection with the offering of Bondsunder the Programme are charged to the Company's operating expenses.

Detailed legal basis: Par. 16.1 of the Regulation of the Minister ofFinance of March 29th 2018 on current and periodic information [...]