Kruk S.A. — Regulatory Filings 2020

Dec 4, 2020

Current Report No 48/2020

Date: December 4th 2020

Title: Fourth call on warrant holders to submit Series A, B, C and Dwarrant certificates

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

Text of the report:

Acting pursuant to Art. 16 of the Act of August 30th 2019 amending theCommercial Companies Code Act and certain other acts (Dz.U. of 2019,item 1798, as amended), the Management Board of KRUK S.A. (the"Company") hereby gives a call notice to all holders of Series A, B, Cand D subscription warrants issued by the Company to submit theirwarrant certificates at the Company's registered office at ul. Wołowska8, 51-116 Wrocław, Poland, on business days (Monday to Friday) from 9amto 1pm, for the purpose of converting them into book-entry form. Warrantcertificates will be submitted to the Company against written receiptsissued to the warrant holders. This call notice is the fourth of fivecalls required by law.

The Act of August 30th 2019 amending the Commercial Companies Code andcertain other acts introduced mandatory conversion of all shares intobook-entry form. Pursuant to Art. 328 of the Commercial Companies Codein force as of March 1st 2021, provisions concerning shares applymutatis mutandis to subscription warrants, utility certificates(świadectwo użytkowe), promoter certificates (świadectwo założycielskie)and other entitlements to share in a company's income or assets. Theconversion of a subscription warrant into book-entry form consists inthe replacement of the paper warrant certificate with an entry in asecurities account. Failure to submit certificates by the prescribeddeadline will prevent conversion of the relevant subscription warrantsinto book-entry form.

Pursuant to the amended regulations, physical certificates expire byoperation of law on March 1st 2021.

The subsequent call will be published by the Company at intervals notlonger than one month and not shorter than two weeks.

Legal basis:

Art. 16.1 of the Act of August 30th 2019 amending the CommercialCompanies Code and certain other acts (Dz.U. 2019.1798)