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Kruk S.A. Capital/Financing Update 2023

Oct 3, 2023

5678_rns_2023-10-03_183d6d00-1ff5-405d-80a5-44d6da013567.html

Capital/Financing Update

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Current Report No. 74/2023

Date: October 3rd 2023

Subject: Bond issue under First Bond Issue Programme without Prospectus

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

Text of the report:

Further to Current Report No. 19/2020 of July 21st 2020 announcing theFirst Bond Issue Programme without a Prospectus, the Management Board ofKRUK S.A. (the "Company") announces that on October 3rd 2023 it passed aresolution to issue series AL4 bonds (the "Bonds") and define theirterms and conditions.

The Bonds will be offered at an issue price equal to their nominal valueof PLN 1.000 per Bond, with the aggregate nominal value of the Bonds notto exceed PLN 450m. Up to 450.000 unsecured Bonds will be offered aspart of the Bond issue. The issue will be conducted by December 31st2023.

The Bonds will be have a book-entry form and the Company will seek tointroduce them to trading in the alternative trading system on theCatalyst market, operated by the Warsaw Stock Exchange.