Current Report No. 76/2022: Resolution of Management Board on issue of bonds under Ninth Bond Issue Programme

Further to Current Report No. 43/2022 of May 13th 2022 on the launch of the Ninth Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Issuer” or the “Company”) announces that on November 9th 2022 it passed a resolution on the issue and determination of the final terms and conditions of the issue of Series AN1 bonds (the “Bonds”). The Bonds will be offered under the Programme, which is covered by the Base Prospectus approved by the Polish Financial Supervision Authority on August 23rd 2022, available from the Company’s website: www.kruksa.pl The Bonds will be offered to the public, and the public offering will comprise up to 250.000 unsecured Bonds. The Bonds will have book-entry form and the Company will seek to introduce them to trading on the regulated Catalyst market operated by the Warsaw Stock Exchange. The Company announces that the Bonds will be offered at the issue price equal to their nominal value of PLN 100 per Bond, and that their total nominal value will not exceed PLN 25m. The Bonds bear interest at a variable rate equal to 3M WIBOR (the rate charged for three-month borrowings denominated in PLN on the Polish interbank market) plus a fixed margin of 4,0 percentage points per annum. The Company will redeem the Bonds on the maturity date set out in the final terms and conditions of their issue, with the proviso that the Issuer will have a call option to redeem early all or some of the subscribed Bonds. At the same time, the Company announces that detailed terms and conditions of the offering of the Bonds will be included in the final terms and condition of their issue, to be published on the Issuer’s website www.kruksa.pl .