Kruk S.A. — Capital/Financing Update 2021

Feb 18, 2021

Current Report No. 4/2021

Date of the report: February 18th 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. 3/2021 of January 27th 2021 on the SeventhPublic Bond Issue Programme (the "Programme"), the Management Board ofKRUK S.A. (the "Company") announces that on February 18th 2021 it passeda resolution (the "Resolution") declaring the success of the issue ofSeries AK2 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 200,000 Bonds, each with anominal value equal to the issue price of PLN 100 and with a total valueof PLN 20,000,000, were allotted. The period of subscription for the200,000 Bonds was February 3rd 2021 (inclusive) - February 16th 2021(inclusive). The Bonds were allotted on February 18th 2021. The issuewas not divided into tranches. During the subscription period 1,015Investors effectively placed 1,244 subscription orders for 1,127,869Bonds. As a result of proportional reduction of 82.27%, the Companyallotted 200,000 Bonds in response to subscription orders from 991Investors. A detailed summary of the issue will be presented in aseparate current report.