Kruk S.A. — Capital/Financing Update 2022

Feb 8, 2022

Current Report No. 9/2022

Date of the report: February 8th 2022

Subject: Allotment of bonds issued under the Eighth Bond Issue Programme

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

Text of the report:

Further to Current Report No. 5/2022 of January 19th 2022 on the EightBond Issue Programme (the "Programme"), the Management Board of KRUKS.A. (the "Company") announces that on February 8th 2022 it passed aresolution (the "Resolution") on the allocation of Series AM2 ordinarybearer coupon bonds (the "Bonds"), carried out as part of the Programmecovered by the Base Prospectus approved by the Polish FinancialSupervision Authority on September 3rd 2021 (the "Prospectus").

In the Resolution of the Company's Management Board, the Bond issue wasdeclared successful and 500.000 Bonds, each with a nominal value equalto the issue price of PLN 100 and with a total value of PLN 50m wereallotted. The period of subscription for the 500.000 Bonds was January24th 2022 (inclusive) - February 4th 2022 (inclusive). The Bonds wereallotted on February 8th 2022. The issue was not divided into tranches.

During the subscription period 1 319 Investors effectively placed 1 483subscription orders for 2.491.797 Bonds. As a result of proportionalreduction of 79,93%, the Company allotted 500.000 Bonds in response tosubscription orders from 1 307 Investors.

A detailed summary of the issue will be presented in a separate currentreport.