Current Report No. 33/2025

Date: June 2nd 2025

Subject: Bond allotment under First Bond Issue Programme withoutProspectus

Legal basis: Art. 17(1) of MAR - Inside information

Text of the report:

Further to Current Report No. 31/2025 of May 22nd 2025 on the issue ofbonds under First Bond Issue Programme without Prospectus, theManagement Board of KRUK S.A. (the "Company") announces that on June 2nd2025 it was notified that the issue of Series AL5 unsecured bearer bonds(the "Bonds") had been paid up in full.

Based on the notification, the Company's Management Board concluded thatthe Bond issue was successful and that 400,000 Bonds had been finallyallotted, each with a nominal value equal to the issue price of PLN1,000, with a total value amounting to PLN 400m. The interest rate onthe Bonds was set at 3M WIBOR plus 3.00 pp per year.

The Bonds will be redeemed at maturity, falling 84 months after theissue date.

The Bonds have been recorded in the register maintained by the issueagent within the meaning of Art. 7a.1 of the Act on Trading in FinancialInstruments of July 29th 2005, with Bank Polska Kasa Opieki S.A. actingas the issue agent. In accordance with the applicable regulations, theBonds will be registered in the depository maintained by the CentralSecurities Depository of Poland.