Kruk S.A. — Capital/Financing Update 2023

Jan 4, 2023

Current Report No. 2/2023

Date: January 4th 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. 89/2022 of December 19th 2022 on the issueof bonds under the First Bond Issue Programme without Prospectus, theManagement Board of KRUK S.A. (the "Company") announces that on January4th 2023 it was notified that the issue of Series AL3 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 120 thousand Bonds had beenfinally allotted, each with a nominal value equal to the issue price ofPLN 1,000, with a total value amounting to PLN 120m. The interest rateon the Bonds was set at 3M WIBOR plus 4.5 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 Bank Polska Kasa Opieki S.A. actingas the issue agent. In accordance with the applicable regulations, theBonds will be registered in the depository maintained by the CentralSecurities Depository of Poland.