KRUK returns with prospectus-based bond offering

3 October 2024, KRUK published the Final Terms and Conditions of its Series AP1 bonds. The bonds will be issued in a public offering under the Eleventh Bond Programme at the issue price equal to their principal amount. The issue price will be PLN 100 per bond, and the total principal amount of the entire series will be PLN 75 million. The bonds will bear interest at a floating rate, based on 3M WIBOR plus a fixed margin of 3.0 percentage points per annum. The offering will be carried out by a distribution syndicate comprising Dom Maklerski BDM S.A., Powszechna Kasa Oszczędności Bank Polski S.A. – Biuro Maklerskie, Michael / Ström Dom Maklerski S.A., Noble Securities S.A., Ipopema Securities S.A., Bank Polska Kasa Opieki S.A. - Biuro Maklerskie Pekao and Dom Inwestycyjny Xelion sp. z o.o. The bonds will exist in book-entry form and the Company will apply for their admission to trading on the Catalyst regulated market operated by the Warsaw Stock Exchange.

“We are back with an offering aimed at investors interested in our bonds. Subscriptions for the AP1 series will run from October 7 to October 18" comments Piotr Krupa, CEO of KRUK S.A. “We have good access to bank financing and strong operating cash flows. For the first half of 2024, we reported a net profit of PLN 603 million and PLN 900 million in purchased debt. “KRUK is in a strong position, and we are gearing up for a busy year-end, as always. We are continuing our growth and technological transformation with a focus on four major European markets.

The offering of Series AP1 bonds will be conducted on the basis of the Prospectus for KRUK’s Eleventh Bond Programme, approved by the Polish Financial Supervision Authority on 18 September 2024. Under the Prospectus, KRUK may issue bonds with a total principal amount of up to PLN 900 million until September 2025. The Final Terms and Conditions of Series AP1 bonds are available on the Company’s website at https://pl.kruk.eu/relacje-inwestorskie/obligacje/emisje-obligacji.

This material has been prepared for promotional (advertising) purposes only. The only legally binding documents containing information on the Issuer and the Public Offering of Series AP1 Bonds are the Base Prospectus for the Eleventh Bond Programme, published on 18 September 2024 (the “Prospectus”), including supplements and updates to the Prospectus, and the Final Terms and Conditions of Series AP1 Bonds, published on 3 October 2024 (the “Terms and Conditions”) The Prospectus is available on the Issuer’s website at: https://go.kruk.eu/peo_xi. The Terms and Conditions can be accessed on the Issuer’s website at https://go.kruk.eu/OWE_AP1 In addition, the Prospectus and the Terms and Conditions are also available, for information purposes, on the website of the Investment Firm at www.bdm.pl.

The Polish Financial Supervision Authority’s approval of the Prospectus should not be understood as its endorsement of Series AP1 Bonds. Prior to making any investment decision, prospective Investors should read the Prospectus in order to fully understand the potential risks and rewards of investing in Series AP1 Bonds. Please be advised that the AP1 Series Bonds are not bank deposits (placements) and are not covered by the deposit guarantee scheme. In the event of the Issuer’s insolvency resulting from a deterioration in its financial position, including loss of liquidity or changes in the capital market, part or all of the invested capital may be lost. Additionally, purchasers of Series AP1 Bonds may not receive the payments as provided for in the Terms and Conditions of the Bonds. In view of these risks, before investing in Series AP1 Bonds, investors should consider whether an investment in Series AP1 Bonds is suitable for them and whether their investment portfolio is properly diversified. Subscription orders for Series AP1 Bonds will be received by the Investment Firm, i.e., Dom Maklerski BDM S.A., and members of the distribution syndicate.

This communication and its contents are not intended for direct or indirect distribution in, or to residents of, the United States of America, United Kingdom, Australia, Canada or Japan, or any country where its publication, announcement or distribution would be illegal.