Current Report No. 3/2021: Resolution of the Management Board on issue of bonds under the Seventh Public Bond Issue Programme

Further to Current Report No. 10/2020 of April 21st 2020 on the launch Seventh Public Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Issuer” or “Company”) announces that on January 27th 2021 it passed a resolution on the issue of Series AK2 bonds (“Bonds”) and determination of their final terms and conditions. The Bonds are covered by the base Prospectus approved by the Polish Financial Supervision Authority on August 24th 2020, available from the Company’s website: www.kruksa.pl. 
The issue will comprise up to 200.000 unsecured bearer Bonds in book-entry form, which will be offered in a public offering. The Issuer will seek to introduce the Bonds to trading on the regulated Catalyst market operated by the Warsaw Stock Exchange. 
In compliance with Art. 54.3 of the Public Offering Act, the Company announces that the Bonds will be offered at the issue price equal to their nominal value of PLN 100 per bond, and that their total nominal value will not exceed PLN 20m. The interest rate on the Bonds is fixed at 4.2 percentage points per annum.
The Company will redeem the Bonds on the repayment date specified in the final terms of issue, with the provision that the Issuer will have the right to early redeem all or a part of the Bonds at its own option. The Company also reports that pursuant to Art. 24.1 of the Public Offering Act  information on the detailed terms and conditions of the Bonds will be published on the Issuer’s website www.kruksa.pl.