Current Report No. 7/2020: KRUK Management Board resolution on bond repurchase

The Management Board of KRUK S.A. (the Company) announces that today it has passed a resolution to repurchase a portion of its book-entry bonds with a par value of PLN 100.00 or PLN 1,000.00 per bond, depending on the series, issued by the Company in the złoty (PLN) pursuant to relevant resolutions of the Management Board and traded on the Catalyst market (regulated market or multilateral trading facility)
(the Bonds). The Bonds will be repurchased for redemption pursuant to Art. 76.1 of the Act on Bonds of January 15th 2015. The Bonds will be redeemed at par value on or before September 30th 2020.
The Company reserves the right to conduct multiple bond repurchases until September 30th 2020.
The repurchase can be carried out as part of exchange trading or in OTC transactions. The total value of executed Bond repurchase transactions will not exceed PLN 25 m.