Current Report No. 7/2022: Bond allotment under First Bond Issue Programme without Prospectus

Further to Current Report No. 6/2022 of January 21st 2022 on the issue of bonds under the First Bond Issue Programme without a Prospectus, the Management Board of KRUK S.A. (the “Company”) announces that on February 2nd 2022 it was notified that the issue of Series AL2 unsecured bearer bonds (the “Bonds”) was paid up in full.

Based on the notification, the Company’s Management Board concluded that the Bond issue was successful and that 350.000 Bonds had been finally allotted, each with a nominal value equal to the issue price of PLN 1,000, with a total value amounting to PLN 350m. The interest rate on the Bonds was set at 3M WIBOR plus 3.2 pp per year.

The allotted Bonds will be amortised. The Bonds will be amortised as per the schedule set forth in the terms and conditions of the Bonds, by repurchasing a portion of the nominal value of each Bond, with the last repurchase date falling 72 months from the issue date.

The bonds have been recorded in the register maintained by the issue agent within the meaning of Art. 7a.1 of the Act on Trading in Financial Instruments of July 29th 2005, with mBank S.A. acting as the issue agent. In accordance with the applicable regulations, the Bonds will be registered in the depository maintained by the Central Securities Depository of Poland.