Current Report No. 32/2020: Allotment of bonds issued under the Seventh Public Bond Issue Programme

Further to Current Report No. 29/2020 of September 3rd 2020 on the Seventh Public Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Company”) announces that on September 25th 2020 it passed a resolution (the “Resolution”) declaring the success of the issue of Series AK1 unsecured ordinary bearer coupon bonds (the “Bonds”), carried out as part of the Programme covered by the Base Prospectus approved by the Polish Financial Supervision Authority on August 24th 2020 (the “Prospectus”). In the Resolution of the Company’s Management Board, the Bond issue was declared successful and 250,000 Bonds, each with a nominal value equal to the issue price of PLN 100 and with a total value of PLN 25,000,000, were allotted. The period of subscription for the 250,000 Bonds was September 10th 2020 (inclusive) – September 23rd 2020 (inclusive). The Bonds were allotted on September 25th 2020. The issue was not divided into tranches. During the subscription period 898 Investors effectively placed 1,083 subscription orders for 647,697 Bonds. As a result of proportional reduction of 61.4%, the Company allotted 250,000 Bonds in response to subscription orders from 890 Investors. A detailed summary of the issue will be presented in a separate current report.