Current Report No. 32/2020

Date of the report: September 25th 2020

Subject: Allotment of bonds issued under the Seventh Public Bond IssueProgramme

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

Further to Current Report No. 29/2020 of September 3rd 2020 on theSeventh Public Bond Issue Programme (the "Programme"), the ManagementBoard of KRUK S.A. (the "Company") announces that on September 25th 2020it passed a resolution (the "Resolution") declaring the success of theissue of Series AK1 unsecured ordinary bearer coupon bonds (the"Bonds"), carried out as part of the Programme covered by the BaseProspectus approved by the Polish Financial Supervision Authority onAugust 24th 2020 (the "Prospectus"). In the Resolution of the Company'sManagement Board, the Bond issue was declared successful and 250,000Bonds, each with a nominal value equal to the issue price of PLN 100 andwith a total value of PLN 25,000,000, were allotted. The period ofsubscription for the 250,000 Bonds was September 10th 2020 (inclusive) -September 23rd 2020 (inclusive). The Bonds were allotted on September25th 2020. The issue was not divided into tranches. During thesubscription period 898 Investors effectively placed 1,083 subscriptionorders for 647,697 Bonds. As a result of proportional reduction of61.4%, the Company allotted 250,000 Bonds in response to subscriptionorders from 890 Investors. A detailed summary of the issue will bepresented in a separate current report.