Current Report No. 62/2021: Closing of the public offering of Series AM1

Further to Current Report No. 58/2021 of December 16th 2021 on allotment of bonds issued under the Eighth Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Company”) announces that the offering of Series AM1 unsecured ordinary bearer bonds (the “Bonds”), carried out as part of the Programme covered by the base Prospectus approved by the Polish Financial Supervision Authority on September 3rd 2021 (the “Prospectus”) has been closed.

The period of subscription for the 500,000 Bonds was December 1st 2021 (inclusive) – December 14th 2021 (inclusive). The Bonds were allotted on December 16th 2021. The issue was not divided into tranches.

During the subscription period 1.357 Investors effectively placed 1.557 subscription orders for 2.385.017 Bonds. As a result of proportional reduction of 79,04%, the Company allotted 500.000 Bonds in response to subscription orders from 1.321 Investors. The Bonds were acquired for cash at an issue price of PLN 100 per bond. No underwriter acquired the Bonds. The Company did not conclude any underwriting agreement in connection with the Bond offering. The issue value, understood as the product of the number of the Bonds covered by the offering and the issue price, was PLN 50.000.000.

The cost of preparing and carrying out the bond offerings, as well as promoting the offerings and preparing documentation, including the issue prospectus, taking into consideration the cost of advisory services, will only be known after all issues under the Programme have been carried out. As no information is available on the total cost of the Programme and the final number of bonds issued under the Programme, the Company will announce the total and unit cost of the offerings in a separate current report, which will be published once the final bond issue under the Programme has been completed.

The costs incurred by the Company in connection with the offering of Bonds under the Programme are charged to the Company's operating expenses.

Detailed legal basis: Par. 16.1 of the Regulation of the Minister of Finance of March 29th 2018 on current and periodic information […]