Kruk S.A. — Capital/Financing Update 2022

Jun 14, 2022

Current Report No. 47/2022

Date: June 14th 2022

Subject: Execution of annex to syndicated revolving credit facilityagreement

Legal basis: Article 17(1) of MAR - Inside information

Text of the report:

Further to Current Report No. 35/2017 of July 3rd 2017 and CurrentReports No. 43/2019 of September 5th 2019, No. 40/2021 of September 24th2021 and 54/2021 of November 26th 2021, the Management Board of KRUKS.A. (the "Company") announces that today the Company and itssubsidiaries ( the "Borrowers") have executed an annex (the "Annex") tothe revolving multi-currency credit facility agreement (the "CreditFacility") entered into with a syndicate of banks, comprising DNB BankASA of Oslo, Norway, ING Bank Śląski S.A. of Katowice, Santander BankPolska S.A. of Warsaw, PKO BP S.A. of Warsaw and Bank Handlowy wWarszawie S.A. of Warsaw (jointly the "Lenders"). The Annex provides foran increase in the Credit Facility limit up to EUR 358m. Prior to theexecution of the Annex, the available amount of the Credit Facility wasEUR 298m. No other terms of the Credit Facility agreement have beenmaterially amended. Following the execution of the Annex, the amount ofthe surety provided by the Company and of its declaration of voluntarysubmission to enforcement will amount to EUR 537m each. No other termsof the Credit Facility agreement have been materially amended.