Kruk S.A. — Capital/Financing Update 2024

Oct 3, 2024

Report Content Current Report No. 54/2024

Date: October 3rd 2024

Subject: Resolution of Management Board on issue of bonds under EleventhBond Issue Programme

Legal basis: Article 17.1 of MAR - Inside information

Text of the report:

Further to Current Report No. 32/2024 of April 19th 2024 on the launchof the Eleventh Bond Issue Programme (the "Programme"), the ManagementBoard of KRUK S.A. (the "Issuer" or the "Company") announces that onOctober 3rd 2024 it passed a resolution on the issue and determinationof the final terms and conditions of the issue of Series AP1 bonds (the"Bonds"). The Bonds will be offered under the Programme, which iscovered by the Base Prospectus approved by the Polish FinancialSupervision Authority on September 18th 2024, available from theCompany's website: www.kruksa.pl The Bonds will be offered to thepublic, and the public offering will comprise up to 750,000 unsecuredBonds. The Bonds will have book-entry form and the Company will seek tointroduce them to trading on the regulated Catalyst market operated bythe Warsaw Stock Exchange. The Company announces that the Bonds will beoffered at the issue price equal to their nominal value of PLN 100 perBond, and that their total nominal value will not exceed PLN 75m. TheBonds bear interest at a variable rate equal to 3M WIBOR plus a fixedmargin of 3.00 percentage points per annum. The Company will redeem theBonds on the maturity date set out in the final terms and conditions oftheir issue, with the proviso that the Issuer will have a call option toredeem early all or some of the subscribed Bonds. At the same time, theCompany announces that detailed terms and conditions of the offering ofthe Bonds will be included in the final terms and condition of theirissue, to be published on the Issuer's website www.kruksa.pl.