Kruk S.A. — Capital/Financing Update 2022

Oct 11, 2022

Current Report No. 71/2022

Date of the report: October 11th 2022

Subject: Cost summary of the Eighth Public Bond Issue Programme

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

Text of the report:

In connection with the expiration of the Eighth Public Bond IssueProgramme (the "Programme") on September 2nd 2022, and further toCurrent Report No. 12/2021 of April 27th 2021, the Management Board ofKRUK S.A. (the "Issuer") discloses information on the costs incurredunder the Programme. The total costs of the Programme, under which fourissues of 500.000 AM1 Series bonds, 500.000 AM2 Series bonds, 500.000AM3 Series bonds and 600.000 AM4 Series bonds were conducted, amountedto PLN 4.109.291. This amount includes: - costs related to thepreparation and approval of the issue prospectus, including consultancycosts - PLN 111.781, - costs of preparing and conducting a bond offer -PLN 3.840.600 - costs of promotion of bond offers - PLN 156.910. Theaverage cost of conducting offers per bond offered, with a nominal valueof PLN 100 amounted to PLN 1,96 The Issuing Party did not bear the costsof sub-issuers' remuneration, because it did not conclude sub-issueagreements in connection with the bond offers. The Programme costs inthe amount of PLN 3,876,600 were recognized as prepaid expenses and arecharged to the financial result from the date of issue to the redemptiondate. The remaining costs of the Program in the amount of PLN 232,691are charged to the Company's current operating expenses. Detailed legalbasis: Par. 16.1 of the Regulation of the Minister of Finance of March29th 2018 on current and periodic information [...]