Kruk S.A. — Capital/Financing Update 2023

Aug 24, 2023

Current Report No. 66/2023

Date of the report: August 24th 2023

Subject: Cost summary of the Ninth Public Bond Issue Programme

Legal basis: Art. 56.1.2 of the Public Offering Act - Current andperiodic information

Text of the report:

In connection with the expiration of the Ninth Public Bond IssueProgramme (the "Programme") on August 22nd 2023, and further to CurrentReport No. 43/2022 of May 13th 2022, the Management Board of KRUK S.A.(the "Issuer") discloses information on the costs incurred under theProgramme. The total costs of the Programme, under which four issues of250.000 AN1 Series bonds, 100.000 AN2 Series bonds, 500.000 AN3 Seriesbonds and 500.000 AN4 Series bonds were conducted, amounted to PLN3.038.856. This amount includes: - costs related to the preparation andapproval of the issue prospectus, including consultancy costs - PLN136.503, - costs of preparing and conducting a bond offer - PLN2.786.138 - costs of promotion of bond offers - PLN 116.214. The averagecost of conducting offers per bond offered, with a nominal value of PLN100 amounted to PLN 2,25 The Issuing Party did not bear the costs ofsub-issuers' remuneration, because it did not conclude sub-issueagreements in connection with the bond offers. The Programme costs inthe amount of PLN 2.891.492 were recognized as prepaid expenses and arecharged to the financial result from the date of issue to the redemptiondate. The remaining costs of the Program in the amount of PLN 147.364are charged to the Company's current operating expenses. Detailed legalbasis: Par. 16.1 of the Regulation of the Minister of Finance of March29th 2018 on current and periodic information [...]