Current Report No. 28/2020: Amendment and adoption of the consolidated text of the Articles of Association by the Annual General Meeting on August 31st 2020

The Management Board of KRUK S.A. (the “Company”) announces that further to Resolution No. 23/2020 passed by the Annual General Meeting on August 31st 2020, Company’s Articles of Association were amended as follows:
In Section 4c, paragraph 4–6, which has read as follows:

 ‘4. Holders of Subscription Warrants who are not Management Board Members shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than six months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants), and not later than on December 31st 2021, subject to Section 9.6. 
5. Holders of Subscription Warrants who are Management Board Members shall be entitled to exercise their     rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than 12 months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants) and not later than on December 31st 2021. 
6. Holders of Subscription Warrants issued as part of Tranche I shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than 12 months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants) and not later than on December 31st 2021.’
shall be amended to read as follows:
‘4. Holders of Subscription Warrants who are not Management Board Members shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than six months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants), and not later than on December 31st 2022, subject to Section 9.6. 
5. Holders of Subscription Warrants who are Management Board Members shall be entitled to exercise their     rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than 12 months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants) and not later than on December 31st 2022. 
6. Holders of Subscription Warrants issued as part of Tranche I shall be entitled to exercise their rights to subscribe for Series F Shares attached to the Subscription Warrants not earlier than 12 months after the date on which they acquired the Subscription Warrants (lock-up for subscription of Series F Shares by holders of Subscription Warrants) and not later than on December 31st 2022.’

The above amendments to the Articles of Association will become effective upon their registration with the Business Register of the National Court Register. 
The Company publishes, in the form of an appendix to this report, the consolidated text of the amended Articles of Association adopted by the Annual General Meeting by Resolution No. 24/2020.