Kruk S.A. — Capital/Financing Update 2021

Jun 10, 2021

urrent Report No. 21/2021

Date of the report: June 10th 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. 16/2021 of May 18th 2021 on the SeventhPublic Bond Issue Programme (the "Programme"), the Management Board ofKRUK S.A. (the "Company") announces that on June 10th 2021 it passed aresolution (the "Resolution") declaring the success of the issue ofSeries AK3 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 700,000 Bonds, each with anominal value equal to the issue price of PLN 100 and with a total valueof PLN 70,000,000, were allotted. 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. A detailed summaryof the issue will be presented in a separate current report.