Kruk S.A. — Share Issue/Capital Change 2021

Jun 9, 2021

Current Report No. 20/2021

Date: June 8th 2021

Title: Draft resolution proposed by a shareholder on a matter placed onthe agenda of the Annual General Meeting

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

Text of the report:

Further to the notice of the Annual General Meeting of KRUK S.A. givenin Current Report No. 17/2021 of May 20th 2021 (the "AGM"), theManagement Board of KRUK S.A. (the "Company") announces that it hasreceived a proposal from the Company shareholder Otwarty FunduszEmerytalny PZU ‘Złota Jesień' of a draft resolution pertaining to item13 of the agenda of the AGM convened for June 16th 2021 concerning:setting the rules of an incentive scheme for 2021−2024, conditionalincrease of the Company's share capital and issue of subscriptionwarrants with the existing shareholders' pre-emptive rights waived inwhole with respect to shares to be issued as part of the conditionalshare capital increase and subscription warrants, and amendments to theArticles of Association.

The proposal has been submitted pursuant to Art. 401.4 of the CommercialCompanies Code.

The proposed draft resolution is attached to this report.

Detailed legal basis: Par. 19.1.2 of the Regulation of the Minister ofFinance of March 29th 2018 on current and periodic information [...]