Kruk S.A. — Capital/Financing Update 2021

Apr 27, 2021

Current Report No. 12/2021

Date: April 27th 2021

Subject: Launch of the Eighth Public Bond Issue Programme

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that onApril 27th 2021 it passed a resolution to launch the Eighth Public BondIssue Programme (the "Programme") with a total nominal value of up toPLN 700m, under which the Company may issue public bonds ("Bonds"). TheBonds will be in book-entry form. In connection with the Programme, theCompany has prepared issue prospectus (the "Prospectus"). The Companywill file the Prospectus and an application for its approval with thePolish Financial Supervision Authority. Individual series of Bonds underthe Programme will be issued during the 12 months from the Prospectusapproval by the Polish Financial Supervision Authority. Individual Bondissues may differ with respect to their final issue terms andconditions, in particular with respect to the rules of defining interestand the interest rate. Detailed issue terms and conditions of each Bondseries will be defined in the Prospectus and in the final issue termsand conditions of individual Bond issues. Proceeds from the Programmewill be used for to finance general corporate needs with the primaryobjective of making a profit.