Kruk S.A. — Capital/Financing Update 2023

Oct 17, 2023

Current Report No. 79/2023

Date: October 17th 2023

Subject: Bond allotment under First Bond Issue Programme withoutProspectus

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

Text of the report:

Further to Current Report No. 74/2023 of October 3rd 2023 on the issueof bonds under First Bond Issue Programme without Prospectus, theManagement Board of KRUK S.A. (the "Company") announces that on October17th 2023 it was notified that the issue of Series AL4 unsecured bearerbonds (the "Bonds") had been paid up in full.

Based on the notification, the Company's Management Board concluded thatthe Bond issue was successful and that 450.000 Bonds had been finallyallotted, each with a nominal value equal to the issue price of PLN1,000, with a total value amounting to PLN 450m. The interest rate onthe Bonds was set at 3M WIBOR plus 4.65 pp per year.

The Bonds will be redeemed at maturity, falling 72 months after theissue date.

The Bonds have been recorded in the register maintained by the issueagent within the meaning of Art. 7a.1 of the Act on Trading in FinancialInstruments of July 29th 2005, with mBank S.A. acting as the issueagent. In accordance with the applicable regulations, the Bonds will beregistered in the depository maintained by the Central SecuritiesDepository of Poland.