Current Report No. 121/2016: Setting of the number and issue price of new Series G shares

The Management Board of KRUK S.A. (Company) hereby announces that, as part of steps taken to give effect to Resolution No. 4 of the Company’s Extraordinary General Meeting of November 29th 2016 concerning: (i) an increase of the Company’s share capital by no less than PLN 1 and no more than PLN 1,000,000 to no less than PLN 17,744,217, and no more than PLN 18,744,216 through an issue of new Series G shares (Shares), complete disapplication of the existing shareholders’ pre-emptive rights to all new Series G shares, and private placement of the Shares with and among no more than 149 investors (Private Placement); (ii) dematerialisation of the allotment certificates to Series G shares and new Series G shares and seeking admission of the allotment certificates to Series G shares and new Series G shares to trading on the regulated market operated by the Warsaw Stock Exchange (see Current Report No. 113/2016 of November 29th 2016), on December 16th 2016 the Company’s Management Board set the issue price of the Shares at 215 PLN per Share, at which the Shares will be offered as part of the Private Placement; and the number of Shares to be offered as part of the Private Placement at 1,000,000 Shares.

This current report was prepared in compliance with the provisions of Art. 17.1 of MAR; it is for information purposes only and does not constitute, whether directly or indirectly, an offer to buy or subscribe for, or the making available of information to promote the purchase or subscription for, or an inducement of the purchase or subscription for, any securities in Kruk S.A. of Warsaw. This material or any part hereof is not intended for distribution, whether directly or indirectly, in or to the United States or any other jurisdiction where public distribution of the information contained in this material may be limited or prohibited by law. The securities described in this material have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.