Subscription for a next issue of KRUK bonds

The subscription period for Series AO2 bonds offered by KRUK has begun today, and will continue from September 18th to October 2nd 2023. The bonds will be issued in a public offering under the Tenth Bond Programme at the issue price equal to their nominal value. The Final Terms and Conditions of Series AO2 bonds were announced by the Company on September 14th. The issue price will be PLN 100 per bond, and the total nominal value of the series will be PLN 90 million. The bonds will bear interest at a floating rate, based on 3M WIBOR plus a fixed margin of 4.0 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., Dom Maklerski BOŚ 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.

“Retail investors are once again offered an opportunity to subscribe for KRUK bonds. In response to great market interest, we decided to increase the value of the current issue to PLN 90 million. I am glad we are resuming larger-scale offerings on the public market. However, this will not be our largest issue: in 2016 we successfully placed a single issue of PLN 135 million, with the securities then offered already redeemed in 2021. The subscription period for the new bonds starts today, on September 18th, and will continue until October 2nd,” comments Piotr Krupa, KRUK S.A. CEO. “KRUK has been growing for 25 years, and funds raised on the market, in combination with credit facilities, are an important factor fuelling this expansion. Today, we stand as one of the largest debt management companies in Europe and we want to seize the opportunities presented by the current market dynamics and competitive landscape. Following the first half of the year, we boast a solid financial position, and the Group's investments in debt portfolios exceeded PLN 1.1 billion over that period. This year, and those to follow, are likely to be a period of favourable prospects and heightened activity for us.”

The offering of Series AO2 bonds will be conducted on the basis of the Prospectus for KRUK’s Tenth Bond Programme, approved by the Polish Financial Supervision Authority on July 11th 2023. Under the Prospectus, KRUK may issue bonds with a total nominal value of up to PLN 700m until July 2024. The Final Terms and Conditions of Series AO2 bonds are available on the Company’s website at https://pl.kruk.eu/relacje-inwestorskie/obligacje/emisje-obligacji.

The only legally binding documents containing information on the issuer and the Public offering of Series AO2 bonds are the Base Prospectus for the Tenth Bond Programme, published on July 11th 2023, Supplements to the Base Prospectus and the Final Terms and Conditions of Series AO2 bonds published on September 14th 2023, available on the Issuer’s website www.kruksa.pl and additionally, for information purposes, on the website of the Investment Firm at www.bdm.pl Subscription orders for Series AO2 bonds will be received by the Investment Firm, i.e. Dom Maklerski BDM S.A., and members of the distribution syndicate.

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