Current Report No. 115/2016: Allotment of bonds issued under the Fourth Public Bond Issue Programme

Further to Current Report No. 111/2016 of November 28th 2016 on the Fourth Public Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Company”) announces that on December 5th 2016 it passed a resolution (the “Resolution”) declaring the success of the issue of Series AF1 unsecured ordinary bearer coupon bonds (the “Bonds”), carried out as part of the Fourth Programme covered by the Base Prospectus approved by the Polish Financial Supervision Authority on November 24th 2016 (the “Prospectus”). In the Resolution of the Company’s Management Board, the Bond issue was declared successful and 400,000 Bonds, each with a nominal value equal to the issue price of PLN 100 and with a total value of PLN 40,000,000, were allotted. The period of subscription for the 400,000 Bonds was December 1st 2016 (inclusive) – December 2nd 2016 (inclusive). The Bonds were allotted on December 5th 2016. The issue was not divided into tranches. During the subscription period 939 Investors effectively placed subscription orders for 1,254,381 Bonds. As a result of proportional reduction of 68.11%, the Company allotted 400,000 Bonds in response to subscription orders from 933 Investors. A detailed summary of the issue will be presented in a separate current report.