Kruk S.A. — Capital/Financing Update 2023

Mar 2, 2023

Current Report No. 20/2023

Date: March 2nd 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 of July 3rd 2017 and CurrentReports No. 43/2019 of September 5th 2019, No. 40/2021 of September 24th2021, No. 54/2021 of November 26th 2021 and No. 47/2022 of June 14th2022 the Management Board of KRUK S.A. (the "Company") announces thattoday the Company and its subsidiaries ( the "Borrowers") have executedan annex (the "Annex") to the revolving multi-currency credit facilityagreement (the "Credit Facility") entered into with a syndicate ofbanks, comprising DNB Bank ASA of Oslo, Norway, ING Bank Śląski S.A. ofKatowice, Santander Bank Polska S.A. of Warsaw, PKO BP S.A. of Warsawand Bank Handlowy w Warszawie S.A. of Warsaw (jointly the "Lenders").The Annex provides for an increase in the Credit Facility limit up toEUR 446 m. Prior to the execution of the Annex, the available amount ofthe Credit Facility was EUR 393 m. No other terms of the Credit Facilityagreement have been materially amended. Following the execution of theAnnex, the amount of the surety provided by the Company and of itsdeclaration of voluntary submission to enforcement will amount to EUR669 m each. No other terms of the Credit Facility agreement have beenmaterially amended.