Kruk S.A. — Capital/Financing Update 2023

Aug 23, 2023

Current Report No. 63/2023

Date: August 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 and No. 20/2023, the ManagementBoard of KRUK S.A. (the "Company") announces that the Company and itssubsidiaries (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 (jointly the"Lenders"), which Agent is DNB Bank ASA.

The Annex provides for an increase in the Credit Facility limit, up toEUR 525m and to extend the availability of the Credit Facility for July3rd 2028. Prior to the execution of the Annex, the available amount ofthe Credit Facility was EUR 446m.

At the same time, in connection with the Annex, the Issuer surety forthe liabilities and declares that it has subjected itself to enforcementto the Credit Facility up to an amount of approximately EUR 863m.

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