Current Report No. 47/2022: Execution of annex to syndicated revolving credit facility agreement

Further to Current Report No. 35/2017 of July 3rd 2017 and Current Reports No. 43/2019 of September 5th 2019, No. 40/2021 of September 24th 2021 and 54/2021 of November 26th 2021, the Management Board of KRUK S.A. (the “Company”) announces that today the Company and its subsidiaries ( the “Borrowers”) have executed an annex (the “Annex”) to the revolving multi-currency credit facility agreement (the “Credit Facility”) entered into with a syndicate of banks, comprising DNB Bank ASA of Oslo, Norway, ING Bank Śląski S.A. of Katowice, Santander Bank Polska S.A. of Warsaw, PKO BP S.A. of Warsaw and Bank Handlowy w Warszawie S.A. of Warsaw (jointly the “Lenders”). The Annex provides for an increase in the Credit Facility limit up to EUR 358m. Prior to the execution of the Annex, the available amount of the Credit Facility was EUR 298m. No other terms of the Credit Facility agreement have been materially amended. Following the execution of the Annex, the amount of the surety provided by the Company and of its declaration of voluntary submission to enforcement will amount to EUR 537m each. No other terms of the Credit Facility agreement have been materially amended.