Kruk S.A. — Capital/Financing Update 2023

Dec 11, 2023

Further to Current Report No. 39/2023 of May 22nd 2023 on the launch ofthe Tenth Bond Issue Programme (the "Programme"), the Management Boardof KRUK S.A. (the "Issuer" or the "Company") announces that on December11th 2023 it passed a resolution on the issue and determination of thefinal terms and conditions of the issue of Series AO4EUR bonds (the"Bonds"). The Bonds will be offered under the Programme, which iscovered by the Base Prospectus approved by the Polish FinancialSupervision Authority on July 11th 2023, available from the Company'swebsite: www.kruksa.pl The Bonds will be offered to the public, and thepublic offering will comprise up to 50,000 unsecured Bonds. The Bondswill have book-entry form and the Company will seek to introduce them totrading on the regulated Catalyst market operated by the Warsaw StockExchange. The Company announces that the Bonds will be offered at theissue price equal to their nominal value of EUR 100 per Bond, and thattheir total nominal value will not exceed EUR 5m. The Bonds bearinterest at a variable rate equal to 3M EURIBOR_#174; plus a fixed margin of4.00 percentage points per annum. The Company will redeem the Bonds onthe maturity date set out in the final terms and conditions of theirissue, with the proviso that the Issuer will have a call option toredeem early all or some of the subscribed Bonds. At the same time, theCompany announces that detailed terms and conditions of the offering ofthe Bonds will be included in the final terms and condition of theirissue, to be published on the Issuer's website www.kruksa.pl .