Kruk S.A. — Share Issue/Capital Change 2016

Feb 23, 2016

Current Report No. 11/2016

Date of the report: February 23th 2016

Subject: Resolution of the WSE Management Board to admit and introduceSeries E shares to trading.

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

Text of the report:

Further to Current Report No. 10/2016 of February 12th 2016 on theconditional registration of Series E shares of KRUK S.A. (the "Company")with the Central Securities Depository of Poland (Krajowy DepozytPapierów Wartościowych S.A. - "KDPW"), the Company's Management Boardannounces that today it was notified that on February 22nd 2016 theManagement Board of the Warsaw Stock Exchange (Giełda PapierówWartościowych w Warszawie S.A. - "WSE") adopted Resolution No. 165/2016on admission and introduction of the Company's Series E ordinary bearershares to trading on the WSE Main Market (the "Resolution"). In theResolution, the WSE Management Board stated that, pursuant to Par.19.1-2 of the WSE Rules, 117,398 Series E ordinary bearer shares with apar value of PLN 1.00 per share were admitted to trading on the mainmarket. Further, under the Resolution, pursuant to Par. 38.1 and 38.3 ofthe WSE Rules, the WSE Management Board decided to introduce, under theordinary procedure, the Company shares referred to above to trading onthe main market as of February 25th 2016, provided that on that day theCentral Securities Depository of Poland registers the shares and assignto them ISIN code No. PLKRK0000010.

Detailed legal basis: Par. 34.1.2-3 of the Regulation of the Minister ofFinance of February 19th 2009 on current and periodic information [...]