Kruk S.A.

Share Issue/Capital Change • Mar 6, 2025

Current Report No. 21/2025

Date: March 6th 2025

Subject: Delivery of shares following conditional share capitalincrease, completion of another subscription of Series H shares as partof conditional share capital increase and implementation of theincentive scheme

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

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that onMarch 5th 2025 a total number of 14,550 Series H shares of the Company(the "Shares"), acquired in exchange for subscription warrants under theincentive scheme adopted by Resolution No. 22/2021 of the Annual GeneralMeeting of June 16th 2021 amended by Resolution No. 5/2025 of theExtraordinary General Meeting of January 30th 2025 r., were recorded inthe securities accounts of eligible persons.

Accordingly, pursuant to the provisions of Art. 452.1 of the CommercialCompanies Code, on the date when the Shares were recorded in thesecurities accounts the Company's share capital was increased from PLN19,381,668.00 to PLN 19,396,218.00, i.e. by PLN 14,550.00.

Following the increase, the Company's share capital amounts to PLN19,396,218.00 and is divided into 19,396,218 shares with a par value ofPLN 1.00 per share, including

a) 2,421,220 Series A ordinary bearer shares,

b) 11,366,600 Series AA ordinary bearer shares,

c) 1,250,000 Series B ordinary bearer shares,

d) 491,520 Series C ordinary bearer shares,

e) 1,100,000 Series D ordinary bearer shares,

f) 843,876 Series E ordinary bearer shares,

g) 845,574 Series F ordinary bearer shares,

h) 1,000,000 Series G ordinary bearer shares,

i) 77,428 Series H ordinary bearer shares.

The total number of voting rights attached to all shares issued by theCompany is 19,396,218.

The amount of the conditional share capital increase after the deliveryof the Shares is as follows: PLN 873.122.00.

At the same time the Company hereby announces the completion of anothersubscription of Series H shares (the 'Subscription') related to theimplementation of the incentive scheme (the 'Scheme'):

1) Subscription commencement and completion dates:

- Subscription commencement date: February 10th 2025

- Subscription completion date: February 24th 2025

2) Allocation date:

February 27th 2025

3) Number of shares: offered in the Subscription/ subscribed under theSubscription/ allotted under the Subscription:

14,550 shares

4) Reduction rate:

not applicable

5) Subscription price:

PLN 248,96

6) Number of individuals: who subscribed for the shares/ to whom shareswere allocated under the Subscription:

33 individuals

7) Underwriters who subscribed for shares as part of underwritingagreements:

Not applicable. The Company did not enter into any underwritingagreements.

8) Total value of the Subscription (number of shares offered multipliedby the issue price):

PLN 3,622,368.00

9) Method of payment for the shares:

The shares were paid for in cash.

The costs of preparing and conducting the Subscription, includingpromoting the share offering and preparing documentation - such asadvisory costs - will be determined after all subscriptions under theScheme are completed. Due to the current lack of information on thetotal costs of the Scheme and the final number of shares issued, theCompany will disclose the total and per-share costs of conducting theofferings in a separate current report, which will be released to thepublic after the final share issue under the Scheme is completed.

The costs associated with the share offering under the Scheme will becharged to the Company's operating expenses.

Detailed legal basis: Par. 5.8 in connection with Par. 13, and Par. 16.1of the Regulation of the Minister of Finance of March 29th 2018 oncurrent and periodic information [...]