Kruk S.A. — Capital/Financing Update 2022

Jul 22, 2022

Current Report No. 53/2022

Date: July 22nd 2022

Subject: Resolution of Management Board on issue of bonds under EighthBond Issue Programme

Legal basis: Article 17.1 of MAR - Inside information

Text of the report:

Further to Current Report No. 12/2021 of April 27th 2021 on the launchof the Eighth Bond Issue Programme (the "Programme"), the ManagementBoard of KRUK S.A. (the "Issuer" or the "Company") announces that onJuly 22nd 2022 it passed a resolution on the issue and determination ofthe final terms and conditions of the issue of Series AM4 bonds (the"Bonds"). The Bonds will be offered under the Programme, which iscovered by the Base Prospectus approved by the Polish FinancialSupervision Authority on September 3rd 2021, available from theCompany's website: www.kruksa.pl The Bonds will be offered to thepublic, and the public offering will comprise up to 600 000 unsecuredBonds. The Bonds will have book-entry form and the Company will seek tointroduce them to trading on the regulated Catalyst market operated bythe Warsaw Stock Exchange. The Company announces that the Bonds will beoffered at the issue price equal to their nominal value of PLN 100 perBond, and that their total nominal value will not exceed PLN 60m. TheBonds bear interest at a variable rate equal to 3M WIBOR (the ratecharged for three-month borrowings denominated in PLN on the Polishinterbank market) plus a fixed margin of 3,30 percentage points perannum. The Company will redeem the Bonds on the maturity date set out inthe final terms and conditions of their issue, with the proviso that theIssuer will have a call option to redeem early all or some of thesubscribed Bonds. At the same time, the Company announces that detailedterms and conditions of the offering of the Bonds will be included inthe final terms and condition of their issue, to be published on theIssuer's website www.kruksa.pl .