Kruk S.A. — Capital/Financing Update 2023

Nov 24, 2023

Current Report No. 82/2023

Date: November 23rd 2023

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 and Current Reports No. 43/2019,No. 40/2021, No. 54/2021, No. 47/2022, No. 20/2023 and No. 63/2023, theManagement Board of KRUK S.A. (the "Company") announces that the Companyand its subsidiaries (jointly the "Borrowers") have executed an annex(the "Annex") to the revolving multi-currency credit facility agreement(the "Credit Facility") entered into with a syndicate of banks, whichAgent is DNB Bank ASA.

The Annex provides for an increase in the Credit Facility limit, up toEUR 575m. The Credit Facility is available until July 3rd 2028. Prior tothe execution of the Annex, the amount available under the CreditFacility was EUR 525m.

At the same time, the amount of the surety provided for the liabilitiesarising under the Credit Facility and the declaration of submission toenforcement in connection therewith as disclosed in Current Report63/2023 has remained unchanged and stands at approximately EUR 863million.

No other terms of the Credit Facility agreement have been materiallyamended.